sell

Bitcoin Long Liquidated at $116,072 — Short-Term Bearish Pressure

I saw a BTC long position of $77.2K liquidated at $116,072.20.

This forced sell likely increased short-term selling pressure and elevated volatility; I’m cautious about fresh long entries until price action and volume confirm stabilization.

I’m trimming exposure and would use stops or hedges while watching funding rates, open interest and the order book for follow-through.

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Analysis

Liquidation of a sizable long suggests deleveraging in futures and likely produced transient downward momentum; monitor futures open interest, funding rates and on-chain flows for confirmation of sust...

Recommendation

Avoid initiating new long positions and consider trimming or hedging current exposure until price and volume confirm support below the liquidation level.

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.

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