$TAO
Massive $451K TAO Long Liquidation at $509.05 Stuns Traders
In a dramatic turn of events, a massive $451,000 long position on TAO was liquidated at $509.05, sending shockwaves across the market. Traders who had placed high-stakes bets on a price increase were caught off guard as TAO failed to sustain its momentum and dipped below this critical level. The sudden liquidation not only wiped out a significant position but also added to the selling pressure, intensifying market uncertainty. The $509.05 price point now stands as a crucial resistance level, with traders anxiously watching whether TAO can recover or continue its downward trajectory. Such large-scale liquidations often trigger ripple effects, causing increased volatility and panic selling
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