Bitcoin Long Liquidated $117K — Watch for Further Weakness

I saw a Bitcoin long position liquidated for $117,000 at $116,985.20, which signals a sharp stop-hit near that price. This liquidation likely added short-term downward pressure and increased volatility around the level.

I view this as a warning sign rather than a trade trigger — forced selling can cascade and create resistance before a sustainable rebound. I will look for confirmation from price reclaiming the level with volume before committing to fresh longs.

For now I’m monitoring order flow and on-chain signals; I won’t add sizeable long exposure until I see clearer support or a reversal pattern.