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BTC Longs Liquidated at $117,414 — Watch for Short-Term Weakness

I noticed a BTC long liquidation of $119,000 executed at $117,414.10.

I view this as a short-term liquidity event that can amplify volatility and put downside pressure around the $117k area.

I’m watching for follow-through below that level or a quick reclaim; I’m cautious about opening new large long positions until price action confirms direction.

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Analysis

Forced liquidations near $117,414 suggest leverage was concentrated there, likely causing a brief sell spike and higher intraday volatility. If buyers don’t reclaim the level, sellers may test lower s...

Recommendation

I recommend caution: avoid initiating large new longs until price stabilizes above the liquidation area or shows clear recovery. Use tight stops or wait for confirmation before adding exposure.

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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