Short Squeeze Signals Short-Term Bullish Momentum for Bitcoin

I noticed a $372K short liquidation in BTC executed at $118,148.10. I view this as a short-squeeze event that pushed price higher briefly.

I think the liquidation signals short-term bullish momentum, but the size is small relative to BTC liquidity, so I expect limited follow-through unless supported by volume.

I remain cautiously optimistic: I'll look for confirmation on volume and price action before increasing exposure and keep risk tight with stops.