$LDO Long Liquidation Analysis:
On December 26, 2024, a large liquidation of $LDO occurred, totaling $6.4964K at $1.86089.
This suggests a significant market event, likely due to the closing of leveraged positions or a sell-off by long holders.
Key Insights:
The liquidation price of $LDO at $1.86089 is crucial. A drop below this level could trigger further sell-offs or liquidations.
The $6.4964K value is notable but not overly large relative to LDO's market cap, indicating moderate market impact.
This could signal profit-taking after recent rallies or a shift in sentiment towards DeFi protocols.
Monitoring price action near this level will be key to understanding potential short-term movements for LDO.