Major $SAND Long Liquidation: $50.5K Wiped Out!
The bears have taken control, claiming a significant long position in The Sandbox (SAND) market!
🔹 Liquidation Amount: $50.5K
🔹 Price Level: $0.661
What Happened?
1️⃣ Bullish Bet Crumbles: Long traders were forced out as SAND couldn’t hold the $0.661 support, triggering liquidations.
2️⃣ Market Sentiment Shift: This sharp move indicates increased selling pressure, putting bulls on the defensive.
3️⃣ Volatility Spike: Liquidations of this magnitude often lead to heightened price action, creating opportunities and risks for active traders.
Key Levels to Watch:
Support Zone: $0.650 – A critical area for bulls to regain strength.
Resistance: $0.680 – Bears might solidify control if $SAND struggles to reclaim this level.
What’s Next?
🔹 Bearish Momentum: The liquidation suggests potential downside risk if sentiment doesn’t improve.
🔹 Opportunities for Traders: Keep an eye on short-term bounces or breakdowns as volatility surges.
Stay sharp and watch for the next big move in this battle between bulls and bears.
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