Bitcoin Long Liquidated: $59.2K Loss at $118.36K — Reduce Leverage
I was liquidated on a Bitcoin long, incurring a $59.2K loss when price hit $118,359.40. This trade shows how quickly leverage can wipe out positions in volatile markets.
I'll step back, tighten risk controls, and avoid size or leverage that can lead to similar forced exits. I’ll wait for clearer setups before re-entering.
Analysis
Recommendation
Reduce or remove leverage, avoid opening new long positions until volatility subsides, use tight stop-losses, and wait for confirmed support or a clear market structure before rebuilding exposure.
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.