Bitcoin Long Liquidated — Caution After $112.8k Position Loss
My bots took a long liquidation on Bitcoin. The average entry was 121,366.60 and the total position size was $112,750.
The liquidation shows clear short-term selling pressure and elevated leverage in the market. I see increased downside volatility until buyers absorb the forced sells.
Analysis
A sizable long liquidation indicates deleveraging and near-term downward pressure; this often triggers follow-through selling and erratic price action until liquidity is absorbed.
Recommendation
Do not buy right now. Wait for clear signs of stabilization or reduced volatility before re-entering; consider hedges or short exposure only if you have a defined risk plan.
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.