Bitcoin $104K Long Liquidated at $117.34K — Watch Short-Term Volatility
I noticed a $104,000 long on Bitcoin was liquidated at $117,339.90. This was a sizable forced exit of a leveraged position.
I view the liquidation as a signal of near-term selling pressure and elevated volatility around this price level.
I'm watching price action and on-chain indicators for confirmation before committing to new long positions.
Analysis
Recommendation
Don't chase longs now. Watch price and on-chain/order-book signals; wait for clear support or a reversal setup before entering.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.