This data indicates a liquidation event for Bitcoin Cash ($BCH ):
Type: Long Position Liquidated (
indicates a loss on a long position).
Amount: $141,000 worth of $BCH .
Liquidation Price: $535.29.
Explanation:
Liquidation occurs when a leveraged long position drops below a certain threshold price, triggering an automatic sell-off of the position due to insufficient margin.
In this case:
Traders holding long positions were betting $BCH ’s price would go up.
At $535.29, the price fell enough to trigger the liquidation.
This resulted in a total liquidation of $141K across the market for that price level.
This information is useful for tracking trader sentiment, leverage risks, and potential price volatility in BCH markets.
