Bitcoin Long Liquidated at $116.8K — Reduce Leverage, Wait for Support
I had a $117K long position in Bitcoin that was liquidated at $116,767.50.
The liquidation highlights how quickly leveraged BTC positions can be wiped out by volatile moves and order‑book gaps.
I'm going to cut leverage, tighten risk controls, and wait for confirmed support before considering re-entry.
Analysis
Recommendation
For now, avoid initiating new long positions and reduce leverage; wait for consolidation or clear technical support before buying, and use smaller position sizes and defined stops to limit downside.
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.