ApeCoin: $188K Longs Liquidated at $0.608 — Short-Term Bearish

I saw a $188K long liquidation in APE executed at $0.608. I view this as a clear short-term bearish event that likely raised selling pressure and volatility.

The size of the liquidation suggests stops clustered near this level were hit, increasing the probability of further downside unless reclaimed quickly.

I will avoid initiating new longs here and prefer to wait for stabilization or a decisive reclaim of higher levels before reversing to a bullish stance.