$EIGEN Long Liquidation: $5.5823K at $3.77692 – High-Stakes Action in the Market!
The crypto markets never sleep, and neither do the risks!
A significant long liquidation of $5,582.30 in $EIGEN tokens at a price of $3.77692 has rattled traders, painting a picture of intense market dynamics and razor-thin margins.
1. The Long Position:
A trader bet on EIGEN’s price increasing, entering a leveraged long position with a significant stake.
This reflects bullish confidence in the token’s future price action.
2. The Liquidation:
When the market turned against the trader and EIGEN's price dropped to $3.77692,
the position was forcibly closed to cover the losses. With a liquidation size of $5,582.30, this event underscores the scale of risk involved.
3. Leverage and Risk:
Leveraged trading amplifies both gains and losses, and in this case, the trader
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