$ME A massive long liquidation just hit the market. A huge position of $9.9383K was liquidated at $3.291.

What Happened. A large leveraged long position was forced out of the market due to price fluctuations, leading to the liquidation at the specified price. This is a significant move, as it shows how quickly the market can move against traders holding long positions.

Implications for Traders.

Bearish signal: The liquidation at this level suggests a possible market correction or price retracement, particularly if more long positions get liquidated.

Liquidation cascade: With the liquidation of such a large amount, we could see a chain reaction, pushing prices further down.

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