Bitcoin Longs Liquidated — Short-Term Bearish Pressure
I observed a BTC long liquidation: $57.7K of long positions were liquidated around $115,680. This looks like forced deleveraging.
This event likely increases short-term volatility and puts downward pressure on price as leveraged longs are flushed out.
I’m avoiding chasing new long entries and will wait for confirmed support or clear buy-on-weakness opportunities.
Analysis
Recommendation
Reduce exposure or refrain from initiating new long positions. Monitor support levels and orderflow; consider buying on confirmed weakness or once volatility subsides.
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.