$JUP
Symbol: JUP (likely referring to the cryptocurrency token Jupiter)
Event: Liquidation of a long position
Amount Liquidated: $59,500 USD
Liquidation Price: $1.172 USD per $JUP
What Does This Mean?
A liquidated long means that a trader who was betting on the price of $JUP going up had their position forcibly closed because the price dropped to or below their liquidation level.
This typically happens in leveraged trading,
where traders borrow funds to amplify their positions but risk losing the entire position if the market moves against them.
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