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Bitcoin long liquidation at $118,359 — heightened short-term volatility

I observed a Bitcoin long position of $59.2K get liquidated at $118,359.40.

This large liquidation points to stop-hunting and heightened short-term volatility around that price level, implying rejection of higher prices for now.

I will monitor order flow and on-chain activity closely and avoid adding to longs until I see clear confirmation and improved risk-reward.

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Analysis

A sizeable long liquidation at this level suggests aggressive deleveraging and possible stop runs, increasing near-term downside risk and volatility. Market structure near $118k is now suspect until b...

Recommendation

Watch price and order flow; do not initiate new leveraged longs here. Wait for confirmation of support or clearer trend before scaling in, and use tight risk controls if trading the bounce.

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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