$BTC Short Liquidation Spotted!

Another wave of short liquidations just hit the market!

A total of $2,541.6 worth of short positions on $STO were liquidated at a price of $0.21465.

What does this tell us?

Traders betting against $STO are getting caught off guard as the price pushes upward. This forced closure of short positions is a clear indicator of bullish pressure building up in the market.

Key Insights:

Short liquidations fuel further upward momentum — like gasoline on a fire.

Liquidations at this level show buyers are overpowering the bears.

We may be seeing the early signs of a short squeeze, where rapid covering accelerates gains.

Market Sentiment:

Bullish. Traders are eyeing the chart closely as begins to shrug off resistance zones.

Levels to Watch:

Immediate Resistance: $0.2180

Major Resistance: $0.2250

Support Zone: $0.2100 - $0.2145 (liquidation zone now acting as support)

Final Take:

Momentum is shifting. With back-to-back liquidations in this range, could be gearing up for a breakout. Keep your eyes on volume and price action. Opportunities are made in these moments.

CoinCrafters — Stay Ahead. Stay Sharp.