$PNUT Long Liquidation: $6.9375K at $1.06517
$PNUT /USDT is facing a sharp reversal, dropping -8.6% to $0.9750, triggering a massive long liquidation of $6.9375K at $1.06517. Bulls who were hoping for further gains are now being squeezed as the price falls, wiping out long positions in a sudden shift. After reaching a peak of $1.12, the market encountered strong resistance, leading to a rapid pullback.
With liquidations intensifying, the bears are seizing control, and $PNUT could be heading toward $0.90 as the next major support level. If that fails to hold, further declines to $0.80 could be on the horizon.
The volatility is escalating, and momentum is now favoring the bears. Will the bulls manage to regain ground, or is the downward trend set to continue?