$ETC valued at $58.9K,
liquidated at a price of $26.34.
This liquidation was reported by the Binance Futures Liquidations channel on Telegram.
Liquidations occur when a trader's leveraged position is automatically closed
due to the asset's price moving against their bet, leading to insufficient margin to cover potential losses.
Such events can influence market sentiment and may contribute to increased volatility in the asset's price.