$BCH just delivered a strong squeeze against short sellers, with $7.5078K in short positions liquidated at $256.23. That is a notable amount of forced buying and shows how quickly a move higher can hurt traders leaning bearish. If buyers maintain momentum around this area, the squeeze could keep developing. Still, traders should watch for profit-taking after such a sharp move. BCH is showing that crowded short positions can become fuel for a fast upside reaction when momentum suddenly shifts.
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