Bitcoin Long Liquidated at $117.4K — Expect Short-Term Volatility
I note that a Bitcoin long of $63.7K was liquidated at $117,441.60.
This liquidation points to elevated short-term volatility and possible stop-hunting around that price — it doesn’t by itself prove a trend change but increases downside risk for weak hands.
I’m watching nearby support and liquidity; I wouldn’t chase longs here and would tighten risk controls until price confirms a stable range.
Analysis
Recommendation
Avoid buying into the move; wait for confirmation of support or a clean breakout, and use tighter stops or smaller position sizes if trading this volatility.
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.