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.
Analysis
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.