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BTC

Shorts Liquidated at $123.5k — Short Squeeze Boosts Bitcoin

I see a BTC/USDC short liquidated at an average price of 123,486 for a total of $246,972. That kind of liquidation usually signals a short squeeze and immediate bullish pressure on price.

I'm cautious about calling a full trend change from one liquidation, but this event raises the odds of further upside in the near term if follow-through volume appears.

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Analysis

The forced liquidation of a sizable short position at ~123.5k indicates aggressive short covering and a potential shift to short-term bullish momentum. However, single liquidation events can be noise ...

Recommendation

Consider a measured buy bias: enter small or scale in on weakness while setting tight risk controls. Await confirmation from volume and price action before increasing exposure.

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.

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