BNB short liquidation points to squeeze — watch for follow-through
I see a large BNB short was liquidated at an average price of 864.454 for a total position of $60,762. That liquidation likely reflects a short squeeze and upward price pressure on Binance Coin.
I'm treating this as a market event that increases near-term volatility rather than a standalone buy signal. I want to see follow-through or a clean retracement before committing capital.
Analysis
Recommendation
I'm watching price action closely: wait for either confirmed continuation above recent highs or a healthy pullback to buy. Keep position sizes small and use stops — don't chase the immediate rally.
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.