Bitcoin Short Squeeze: $372K Shorts Liquidated at $118,148
I see a $372K short liquidation on Bitcoin at $118,148.10, which reflects a short squeeze and fresh upside momentum in the near term.
This liquidation is a bullish signal but relatively small versus the broader market; it shows short-term conviction rather than a decisive regime change.
I’d watch price action for follow-through and consider scaling in on pullbacks rather than chasing the spike.
Analysis
Recommendation
Watch for confirmation of continuation; consider buying on weakness or scaling into positions on clean pullbacks with strict risk management rather than entering at the high.
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.