Bitcoin Long Liquidated — $855K Position Wipes Out at 121,856
I observed a large BTC long get liquidated — the reported average entry was 121,856 and the total position size was $855,673. This liquidation likely amplified recent downside moves.
I track these events as signs of increased selling pressure and heightened volatility; forced exits often push price below nearby supports before a relief bounce.
Given this, I am cautious about initiating fresh longs until price shows clear stabilization or reclaim of key levels.
Analysis
Recommendation
Reduce exposure or avoid new long entries until price shows stabilization or clear reclaim of support; consider trimming positions and using tight stops or waiting for a recovery signal before buying.
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.