$ENS Long Liquidation Avalanche: $7.2816K Crushed at $35.87!
The bulls have been hit hard as $7.2816K worth of long positions on $ENS were liquidated at $35.87!
This sudden liquidation has sent shockwaves through the market, sending ENS's price down and leaving traders who were betting on further gains reeling.
Long liquidations happen when traders betting on rising prices are forced to sell off their positions as the market moves against them.
In this case, a swift downturn triggered a cascade of sell orders, wiping out over $7.2K worth of long positions and driving ENS's price lower.
Key Highlights:
1. $7.2816K in long positions liquidated, signaling a significant blow to the bullish sentiment surrounding ENS.
2. ENS's price plunged to $35.87, breaking crucial support levels and intensifying the downward pressure.
3. The liquidation event has created a wave of uncertainty, with traders now questioning the strength of the bullish outlook for ENS.
Market Sentiment:
The market sentiment has quickly turned bearish, with this liquidation sending a clear signal that the bulls are struggling to maintain control.
Traders are now on high alert, wondering whether further downside is imminent or if the market will stabilize.
Will ENS find support at $35.87, or is this just the beginning of a larger correction.
The market is closely watching as this critical liquidation level could set the stage for further price movement.
Your Move:
Are you shorting the market, waiting for a recovery
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