sell
BTC Longs Liquidated — $298K Wiped Out at $117.3K
I observed a large BTC long liquidation executed by bots. The reported average liquidation price was $117,343.40, totaling $298,639.
This event implies short-term bearish pressure and elevated volatility; I'm watching price action and liquidity around nearby support levels for the next move.
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Analysis
The forced liquidation of nearly $300k in longs likely amplified downside momentum and intraday volatility. Such liquidations remove long-side liquidity and can cascade into further stop runs, though ...
Recommendation
I would avoid initiating fresh long positions immediately and consider reducing long exposure; look for confirmation of support before re-entering, or consider short exposure only with clear downside ...
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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