Bitcoin Long Liquidated — $1.25M Wiped Out at $121,349

I saw a Bitcoin long get liquidated with an average entry of $121,349.16 and a total notional of about $1,252,081. The size and forced exit point suggest a sharp, leveraged unwind.

I view this as increased short-term downside risk and elevated volatility — forced liquidations often trigger follow-through selling and invite shorts.

I’m not adding new long exposure right now; I’ll wait for clear support and reduced leverage before considering buys on weakness or partial re-entry.