Bitcoin Short Squeeze: $75K Liquidated at $118.5K
I observed a sizeable BTC short liquidation of $75K executed at $118,522.80, which reads like a short squeeze and adds immediate bullish pressure to price action.
This kind of forced deleveraging typically reduces short interest and can extend upside momentum, though follow-through and volume confirmation are critical.
Analysis
Recommendation
I would lean toward a cautious buy on confirmed follow-through or add a partial position while using tight risk controls and watching for signs of exhaustion or reversal.
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.