sell
Bitcoin long liquidations of $779K at $116,259 — short-term bearish pressure
I observed Bitcoin long liquidations totaling $779,000 executed around $116,259.10.
This liquidation event points to short-term selling pressure and heightened volatility near that price level.
I'm cautious about adding fresh longs until I see clear confirmation of support or a sustained bounce.
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Analysis
The $779K liquidation of longs around $116,259 likely triggered a stop-loss cascade, amplifying short-term downside and volatility. This reduces immediate bullish conviction and suggests nearby liquid...
Recommendation
I recommend avoiding new long entries and trimming marginal long exposure; wait for clear confirmation of support or a rebound with volume before reinstating positions. Consider hedging or short expos...
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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