Massive Liquidation in $FTM Market!
Big shake-up in the $FTM market as a $81K long position gets liquidated at $0.819!
Here’s why this is huge:
Powerful Liquidation: A $81K liquidation is a major move that can send shockwaves through the market.
This could trigger more selling, leading to further price drops.
Price Pressure: The liquidation at $0.819 is likely to put downward pressure on the price, possibly setting off more selling as traders react.
Market Reversal: Liquidating a big long position often signals a shift in market sentiment, and with the price moving lower, it could spark more bearish momentum.
What’s next? This liquidation could be the beginning of a bearish phase for $FTM.
If more long positions are at risk of being wiped out, the price could dip even further.
Pro Tip: If you’re in the $FTM market, stay sharp!
This liquidation could trigger more downside movement, so keep a close eye on the price and manage your trades carefully.
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