BTC short squeeze: $149K short liquidated at $124,203
I observed a $149,000 BTC short position liquidated at $124,203, indicating a short squeeze and immediate buying pressure at that level.
One liquidation alone doesn't confirm a sustained rally — it reduces short interest and can spark short-term upside. I will watch for follow-through above recent resistance or additional liquidity events before increasing exposure.
Analysis
Recommendation
Commentary only — monitor price action and volume for confirmation. Avoid large new longs based solely on this event; consider partial buys on confirmed breakouts or disciplined dip entries with tight stops.
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.