$HIVE Traders Wrecked: $1.1266K Liquidated at $0.34899!
The market just turned savage for $HIVE long holders as $1,126.6 worth of positions were liquidated at a key level of $0.34899.
This sharp move shows how unforgiving the crypto market can be, especially for over-leveraged traders.
What Happened?
The price hit a crucial support zone at $0.34899 but failed to hold, triggering liquidations for long positions.
A significant whale or market sell-off likely pushed the price into a cascading liquidation event.
What Does This Mean?
Liquidation Zones Exposed: The $0.34 region is now a critical battleground for buyers and sellers.
Any further dips could trigger even more long liquidations.
Market Volatility Ahead: This sudden move may signal a larger trend reversal or even a liquidity grab before a potential bounce.
For Traders:
Keep an eye