BTC Long Liquidated at $117,414 — Watch for Short-Term Selling Pressure
I observed a Bitcoin long position of $119,000 liquidated at $117,414.10.
This indicates concentrated leverage and short-term selling pressure that can amplify volatility.
I will watch order flow and support near recent lows before taking any new long positions.
Analysis
Recommendation
I recommend waiting for confirmed support or reduced leverage signals before initiating new long positions; monitor on-chain/liquidation metrics and order-book depth for a safer entry.
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.