Large Bitcoin Long Liquidated at $116,352 — Watch Support
I observed a $119K long position on Bitcoin liquidated at $116,352.60. That liquidation produced a sharp impulse and highlights concentrated leverage around that level.
I view this as a short-term bearish signal but not definitive trend evidence — it may reflect stop-hunting or a clustered liquidation rather than a structural shift. I'll be watching how price reacts to nearby support and volume before changing my bias.
Analysis
Recommendation
Neutral stance: avoid initiating new long positions until price stabilizes and support holds; traders should watch orderflow, VWAP, and volume for confirmation before committing capital.
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.