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Bitcoin long liquidation: $117K closed at $116,985
I recorded a long liquidation of $117,000 in Bitcoin executed at $116,985.20.
I view this as a sign of short-term selling pressure and potential volatility around that price level; I'll monitor order flow and funding rates for follow-through.
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Analysis
The liquidation indicates stop-hunting or margin exhaustion near $116,985, which can trigger short-term liquidity-driven moves downward; watch for clustered stops, funding spikes, and reduced bid-side...
Recommendation
I recommend watching price action and liquidity around the liquidation level and avoiding new long entries until clear support or a recovery with lower volatility is established; use tight stops if tr...
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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