$USUAL /USDT long liquidation of $2,302 occurred at a price of $1.16558. This indicates that long traders were forced to sell their positions as the price dropped to this level likely due to insufficient margin.
If you're trading USUAL this could signal:
A stop-hunting move to clear leveraged positions
A potential reversal point if the market absorbs the selling pressure.
Continuation of bearish momentum if no strong buying interest arises.
Keep an eye on support/resistance levels and volume trends for confirmation