Bitcoin Long Liquidated at ~$119k — Leverage Risk Elevated

I just saw a large Bitcoin long get liquidated at an average price of $119,215, costing about $149,138. That liquidation underlines how quickly leveraged positions can be wiped out in volatile moves.

I'm reminded that leverage magnifies losses and that apparent conviction doesn't protect against margin calls — "everything has a price." Risk management and position sizing must come first.

I'll be cautious: I won't open new leveraged longs without clear support and defined stops, and I'll watch price action for a reliable recovery before adding exposure.