A major short position just got wiped out in the BTC market. The details:
• Liquidation Size: $1.52M in shorts • Entry Price: $96,698 • Position Status: Zero Balance Reached
This kind of move typically signals strong buying pressure at support levels. When shorts get flushed out this aggressively, it often precedes upside momentum as stop losses cascade and liquidity dries up at lower levels.
For traders, this is worth monitoring as BTC continues to test key resistance zones. Liquidation events like these can act as inflection points—whether they mark reversals or continuation depends on broader market structure.
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Bitcoin Large Short Liquidation Spotted 🟢
A major short position just got wiped out in the BTC market. The details:
• Liquidation Size: $1.52M in shorts
• Entry Price: $96,698
• Position Status: Zero Balance Reached
This kind of move typically signals strong buying pressure at support levels. When shorts get flushed out this aggressively, it often precedes upside momentum as stop losses cascade and liquidity dries up at lower levels.
For traders, this is worth monitoring as BTC continues to test key resistance zones. Liquidation events like these can act as inflection points—whether they mark reversals or continuation depends on broader market structure.