$ORDI bulls faced a tough blow as $1.63M in long positions were liquidated at $50.94655.

The sudden pullback has sparked market jitters, with bears taking advantage of heightened volatility.

What Triggered the Liquidation?

1. Key Support Breach: ORDI failed to hold critical support, triggering a wave of selling pressure.

2. Long Position Unwind: Leveraged traders saw positions crumble as the price dipped below

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