Breaking News: Massive $BTC Short Liquidation!
A colossal $107,000 short position has just been liquidated at an astonishing price level of $94,610.40.
This surge showcases the immense buying pressure that has driven the market to new heights, catching over-leveraged traders off guard.
What Does This Mean?
This liquidation signals a strong bullish momentum, as short sellers are being squeezed by aggressive buying.
Such moves often create a domino effect, leading to more liquidations and driving prices higher.
What’s Next for Bitcoin?
The market is currently in a highly volatile phase. If $BTC maintains its momentum, we could see it challenging higher resistance levels in the short term. However, traders should be cautious, as over-leveraged longs could also face liquidation if there's a sudden pullback.
👉 Watch for:
Resistance near $95,500–$96,000.
Support around $94,000 if a correction occurs.
Stay alert and trade wisely—Bitcoin’s path to the moon is never without turbulence!
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