Bitcoin Short Liquidation Indicates Short-Squeeze — Watch for Confirmation

I see a large BTC/USDC short liquidation: average price ~123,706.1 with $111,335 forced into the market. That kind of liquidation typically creates short-squeeze buying and upward pressure on price.

I'm cautious because one liquidation doesn't confirm a sustained rally; I want to see follow-through in price and volume before adding exposure.

For now I'll watch price action and volume for confirmation and prefer buying on a confirmed pullback or breakout rather than chasing the immediate move.