Bitcoin Liquidating Longs — Short-Term Downside Risk
I'm seeing Bitcoin liquidating nearly everyone who was long. The recent sharp moves and leverage unwind have forced stop losses and created cascading sales across exchanges.
I expect continued volatility as trapped longs exit and liquidity is chased at lower levels. Short-term downside pressure looks likely until leverage is substantially reduced.
Analysis
Recommendation
Reduce long exposure and tighten risk controls — consider selling or hedging positions and avoid adding fresh long exposure until volatility and funding rates cool.
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.