($ADA ) had a long position liquidation worth $59,600 at a price level of $1.090. Here's a breakdown:
1. Liquidation: This occurs when the price of ADA drops to a level where the collateral of a leveraged long position is insufficient to maintain it. The exchange automatically closes the position to prevent further losses.
2. Long Position: The trader anticipated that ADA's price would increase and opened a leveraged buy position. However, the price movement went against their prediction.
3. $1.090: The price at which the liquidation was triggered.
This type of data is common in cryptocurrency markets, often reported by liquidation tracking tools. It highlights volatility and market sentiment. Would you like an analysis of ADA's broader market trends or liquidation data over time?