$IOTA /USDT was liquidated amounting to $8,296.4 at the price of $0.3034
Explanation
Long Liquidation This happens when the market price falls and the traders position gets forcibly closed by the exchange due to insufficient margin
Impact A liquidation of this size could suggest bearish pressure in the market especially if there are other liquidations around the same price level
If you're trading IOTA consider monitoring the support levels near $0.3034 and reviewing the broader market trend