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BTC

Bitcoin Longs Liquidated at $117,414 — $119K Closed

I noticed a $119K long liquidation on BTC executed at $117,414.10, which indicates a sharp short-term sell-off that removed leveraged longs.

I view this as a sign of elevated volatility and a higher probability of additional downside until key supports are tested; I'm monitoring price action closely before reopening positions.

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Analysis

The $119K liquidation at $117,414 suggests leveraged longs were forcibly closed during a sharp move, increasing short-term downside risk and market volatility; momentum favors cautious positioning unt...

Recommendation

I would not initiate new long positions here; wait for clear confirmation of support or trade with tight stops and reduced size if seeking short-term opportunities.

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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