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BTC

Bitcoin Short Squeeze: $1.54M Liquidated at $118,365 Signals Bullish Momentum

I see a $1.54M short liquidation in Bitcoin executed at $118,365.30, which indicates a short squeeze around that level.

I interpret this as bullish pressure from forced short covering that can add near-term upward momentum if buying interest continues above that price.

I remain cautious because the liquidation size is moderate relative to BTC market depth, so I’m watching for follow-through before committing larger positions.

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Analysis

Forced short-covering of $1.54M at ~118.4k likely produced upward pressure and reduced immediate downside risk from those short positions, but the amount is moderate so market-wide impact may be limit...

Recommendation

Consider a tactical buy or wait for confirmation: enter on a disciplined pullback above ~$118k or after clear continuation, use tight stops and size positions according to risk tolerance.

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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