$DOT Liquidation Alert! $69.5K Long Position Crushed at $8.625

Liquidation Details:

Asset: Polkadot ($DOT)

Liquidated Amount: $69,500

Price Trigger: $8.625

The crypto battlefield just claimed another victim as bullish traders on $DOT faced a brutal liquidation!

A massive $69.5K long position was wiped out as $DOT plunged below the critical $8.625 mark.

Market Breakdown:

What Caused the Drop?

Sharp resistance near $8.70 combined with bearish momentum seems to have overwhelmed bulls.

Was This a Stop Hunt? Sudden spikes in sell orders hint at potential whale games or cascading liquidations.

The Domino Effect: This liquidation could intensify volatility as other leveraged positions approach their breaking point.

Key Levels to Watch:

Immediate Support: $8.50 – Will bulls step in here?

Resistance Ahead: $9.00 – A critical test if DOT bounces back.

What’s Next for $DOT?

This could either be a buy-the-dip opportunity or the start of a deeper correction.

Traders, brace yourselves – the Polkadot market is heating up!

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