$ORDI recorded a smaller short liquidation of $1.13K at $8.59411. While not huge, it still indicates some pressure on short sellers. This could contribute to mild upward movement, but alone it’s not a strong trend signal. For stronger conviction, look for repeated liquidations or increasing size. If price holds above this level, it could act as a pivot zone. Combine with market structure and Bitcoin direction for better accuracy. This looks more like a local squeeze rather than a major trend shift.