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Short positions just got wrecked with a $52.5K liquidation at $94.39. That’s a solid slap to anyone betting against this move.
Looks like we’re testing higher levels, and the shorts are getting squeezed hard. If momentum keeps up, we could see another leg up before any real pullback.
I’m watching to see if this triggers more liquidations above us. That kind of fuel could push price quickly in one direction.
What’s your read on the next support zone if this fizzles out?
#GateSquareMayTradingShare $BTC