aave is collapsing now

$AAVE This refers to a decentralized finance protocol token used in the Aave lending platform.

Long Liquidation: A long liquidation occurs when a trader has a long position (betting that the asset's price will rise) but is forced to close the position because the asset's price drops, causing the trader's margin or collateral to be insufficient to maintain the position. The exchange will automatically close the position to prevent further losses.

$2.4936K: This indicates the value of the long position being liquidated, which is $2,493.60. The "K" denotes thousands.

at $315.65: This is the price at which the long position was liquidated. In this case, the asset was trading at $315.65 when the liquidation occurred.

In summary, a long position worth $2,493.60 in AAVE was liquidated when the price of AAVE reached $315.65. This suggests that the trader had purchased AAVE, hoping for its price to rise, but due to a price drop, the position was liquidated at this level, resulting in a loss.$AAVE

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