sell
Large $299K BTC Long Liquidated at $117,343 — Short-term Bear Pressure
I see a $299K long on BTC liquidated at $117,343.40, which indicates meaningful forced selling at that price level.
I believe this liquidation increases short-term downside risk and could amplify volatility as stop orders cascade.
I’m cautious on fresh long entries until price stabilizes above nearby support or shows clear recovery.
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Analysis
The sizable liquidation suggests concentrated long exposure and likely triggered additional stop-losses, increasing downside momentum. Short-term technical weakness and volatility spikes are probable ...
Recommendation
Reduce or avoid new long positions for now and wait for stabilization or confirmed support reclaim before buying; short-term traders may consider protective stops or short exposure with tight risk con...
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.