This refers to a long liquidation event involving the cryptocurrency $NEIRO (likely related to a specific token or project) with the following details:
Long Liquidation: This signifies the forced closure of a long position in $NEIRO. A long position is when an investor buys an asset with the expectation that its price will rise.
$8.437K: This is the value of the liquidation, which is approximately $8,437.
At $0.00096: This is the price of $NEIRO at the time the position was liquidated, which is $0.00096.
In this case, a long position in $NEIRO worth around $8,437 was liquidated when the price fell to $0.00096. Liquidations happen when the price moves against the trader’s position, causing a forced closure of the trade to avoid further losses.
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