GTC is showing a notable short liquidation event on Binance, with approximately $3.3067K liquidated around $0.13411. Short liquidations can become relevant when price moves higher quickly and leveraged sellers are forced to close positions, adding temporary buying pressure to the market.

The $0.13411 area is now an important reference level for traders watching the immediate structure. If GTC can hold above this zone and maintain buying volume, the liquidation could contribute to further short-term upside momentum. However, liquidation data by itself does not confirm a trend reversal, so price action and volume should remain the main factors.

For traders tracking potential upside levels, possible TP zones can be monitored around $0.1360, $0.1380, and $0.1410. These are reference targets based on a continuation scenario rather than guaranteed price levels.

If GTC fails to hold above the liquidation area and selling pressure increases, the short-squeeze setup could weaken quickly. Traders should therefore watch whether price establishes support above $0.13411 or returns below it.

The key takeaway is that the latest liquidation activity shows increased positioning pressure around GTC. The next move will depend on whether buyers can sustain momentum after the forced short closures.
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