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#BICO Liquidation Update 📊
Short positions on Biconomy (#BICO) were liquidated for approximately $2.23K at $0.02271. This means traders expecting downside movement were forced out as price moved upward. Short liquidations often act as fuel for short-term bullish moves, since forced buying pushes the market higher.
The liquidation around $0.022–$0.023 highlights a strong buying response at that level. If bullish pressure remains strong, BICO may attempt to climb toward higher resistance zones. Still, traders should monitor volume and additional liquidation clusters, as these factors often determine whether the move develops into a sustained trend.