Liquidated Long: This means a leveraged long position on $TON was forcibly closed due to the price dropping below the liquidation threshold.
Amount Liquidated: $67.2K, the value of the position that was closed.
Liquidation Price: $5.353, the price at which the long position was liquidated.
Key Points:
1. Liquidation Explanation: When a trader uses leverage to open a long position (betting the price will rise) and the price falls to a certain level (liquidation price), their position is automatically closed to prevent further losses beyond their collateral.
2. Market Impact: Liquidation of such a large position can contribute to increased selling pressure, potentially leading to further price declines.
3. TON Price Context: If TON was trading near $5.353 during the liquidation, it indicates a price drop significant enough to trigger stop-loss thresholds or cascade liquidations.
For deeper insights, you might want to analyze $TON 's trading volume, price trends, and overall market sentiment at the time of this event.
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