Major Short Squeeze Spotted
A $BTC $101K short position just got liquidated near $68,879.60, and thatโs not a small event. This kind of forced exit usually means sellers were caught off-guard as price pushed higher with strength.
๐ Why this matters
Liquidations like this often add fuel to bullish momentum
Indicates buyers are stepping in aggressively
Weak hands on the short side are being flushed out
Volatility is expanding โ market is waking up
๐ง Market Structure Insight $BTC is showing resilience above a key intraday zone. Holding above this level keeps pressure on remaining shorts. If momentum sustains, price could attempt a continuation move toward the next liquidity pocket.
๐ฎ Opinion on Next Move
Bullish bias while above 68.5K
A clean hold + volume expansion could trigger another upward impulse
Rejection with weak volume may lead to a healthy pullback, not trend failure
โ ๏ธ Risk Note (Professional View) Chasing is risky after liquidations. Smart money waits for:
Retest of support
Volume confirmation
Clear structure continuation
๐ Conclusion This liquidation is a signal of strength, not noise. BTC is currently in a zone where patience beats emotion. Let the market confirm the next direction before committing heavy size.
