Bitcoin Long Liquidated at $115,870 — Volatility Warning
I had a Bitcoin long position worth $162,000 liquidated at $115,870.60. The stop didn't hold and the position was forcibly closed at that price.
This experience underscores elevated volatility around current BTC levels and the danger of high leverage; I'm tightening risk controls and reassessing position sizing before considering re-entry.
Analysis
The forced liquidation indicates aggressive deleveraging and fragile support near $116k, pointing to short-term selling pressure and higher probability of further stop-outs if volatility persists.
Recommendation
Reduce leveraged exposure, avoid initiating new large longs until support is confirmed, and use smaller sizes or wider stops; treat BTC as risky in the near term.
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.