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Bitcoin Short Liquidation: Short Squeeze Raises Upward Pressure

I saw a sizable BTC short liquidated at an average price of 122,961.90 with a total position around $162,925, which likely forced short-covering and added immediate buying pressure. This kind of liquidation can amplify near-term upside if supported by volume.

I'm cautious about chasing the move; I want to see follow-through in price and volume or a clean pullback before adding meaningful exposure. If the market consolidates above the liquidation area, I would consider buying on weakness with disciplined stops.

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Analysis

Short liquidation indicates forced buying and increased upside momentum, but it can be a transient squeeze rather than a trend reversal—confirm with sustained volume and price stability above the liqu...

Recommendation

Watch for follow-through and confirmed volume; avoid chasing rallies, prefer buying on weakness or after confirmation, and keep tight risk controls.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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