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BTC

Bitcoin Long Liquidated at $117,401 — Expect Short-Term Volatility

I saw a Bitcoin long position liquidated: $72,700 closed at $117,401.20. The forced exit highlights elevated short-term selling pressure around the $117k level.

This kind of liquidation often amplifies volatility and can trigger follow-through moves until clear support or buyer interest appears.

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Analysis

The $72.7K long liquidation at $117,401 indicates a leveraged unwind that likely increased market volatility and pushed stops. It suggests nearby resistance and that leveraged longs remain vulnerable ...

Recommendation

I’m watching price action closely; avoid opening new leveraged long positions here and wait for confirmed support or consolidation 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.

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