$ORDI has just triggered a significant long liquidation of $68.9K at $34.91, indicating a sharp correction and a shift in market sentiment.
This liquidation highlights the pressure on long positions as ORDI faces downward momentum, contributing to the current decline.
With such a large liquidation, $ORDI could experience further volatility, potentially triggering additional long liquidations and amplifying the downward move.
ORDI is under pressure in the short term, and traders should remain cautious while monitoring for signs of a potential reversal or continued weakness.
Keep a close eye on $ORDI as it navigates through this correction.
