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Bitcoin Short Squeeze: $104K Liquidation at $118,231

I note a $104K short position in Bitcoin was liquidated at $118,231.50, signaling that short-sellers were forced to cover near recent highs. Such a liquidation can create immediate upside pressure as buy orders cascade.

I'm cautiously optimistic about the short-term momentum but remain watchful: a single large liquidation doesn't prove a sustained trend without confirming volume and follow-through.

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Analysis

The $104K short liquidation likely removed bearish positioning and injected short-term buy-side momentum, but persistent gains depend on increased trading volume, on-chain activity, and orderbook supp...

Recommendation

Monitor price and volume closely; consider a cautious, partial buy if momentum and volume confirm continuation, otherwise wait for clearer confirmation before increasing exposure.

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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