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Bitcoin bearish signal from long liquidations at $116,467

Opinion: 🔴 #BTC Liquidated Long: $224K at $116467.59
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Analysis

Bitcoin sentiment appears bearish as a significant long liquidation occurred, totaling about $224k at a price around $116,467.59. Such liquidations imply cascading stop-loss triggers and potential mom...

Recommendation

Recommended stance: adopt a cautious, risk-managed posture. Consider selectively reducing long exposure and preparing hedges or short-term shorts if price action confirms further weakness below $116k ...

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.

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