Liquidated $150K BTC Long at $117,790 — Short-Term Risk Spike
I had a $150,000 Bitcoin long liquidated at $117,790. The liquidation highlights acute short-term selling pressure and possible clustered stops around that level.
I will refrain from adding large long positions until I see confirmed support or a clear reversal; the market looks prone to continued volatility and stop runs.
Analysis
Recommendation
Watch price action closely and avoid new large long entries for now; consider reducing exposure or using smaller sizes and tight stops until clear support and reversal signals emerge.
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.