Major $SAND Long Liquidation: $50.5K Wiped Out!

The bears have taken control, claiming a significant long position in The Sandbox (SAND) market!

🔹 Liquidation Amount: $50.5K

🔹 Price Level: $0.661

What Happened?

1️⃣ Bullish Bet Crumbles: Long traders were forced out as SAND couldn’t hold the $0.661 support, triggering liquidations.

2️⃣ Market Sentiment Shift: This sharp move indicates increased selling pressure, putting bulls on the defensive.

3️⃣ Volatility Spike: Liquidations of this magnitude often lead to heightened price action, creating opportunities and risks for active traders.

Key Levels to Watch:

Support Zone: $0.650 – A critical area for bulls to regain strength.

Resistance: $0.680 – Bears might solidify control if $SAND struggles to reclaim this level.

What’s Next?

🔹 Bearish Momentum: The liquidation suggests potential downside risk if sentiment doesn’t improve.

🔹 Opportunities for Traders: Keep an eye on short-term bounces or breakdowns as volatility surges.

The $SAND market is in flux!

Stay sharp and watch for the next big move in this battle between bulls and bears.

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