Liquidated $63.7K Bitcoin Long at $117.4K Signals Short-Term Weakness

I saw a Bitcoin long worth $63.7K get liquidated at $117,441.60. That forced exit suggests recent bullish momentum faltered and stops were picked near that price.

This event raises the chance of short-term selling pressure and elevated intraday volatility until buyers re-establish conviction above that level.

I will wait for clear confirmation — either a strong reclaim on volume or a sustained rejection — before committing fresh capital to longs.