This message refers to a liquidation event involving the cryptocurrency $RDNT . Here's a breakdown of the details:
This is the ticker symbol for the cryptocurrency or token called "Radiant or another asset, depending on the context. It's important to verify the asset in question
Long Liquidation: The liquidation of a "long" position means that a trader had bet on the price of $RDNT going up, but the market moved in the opposite direction. In leveraged trading, a long liquidation happens when the price falls to a point where the trader's margin is insufficient, causing the position to be automatically closed.
$7.0691K: This indicates the value of the liquidated position, which is about $7,069.10.
$0.05802: This is the price at which the liquidation occurred. The trader’s long position was closed at this price after the asset's value fell to that level.
Just like with the $SUI liquidation you mentioned earlier, a long liquidation in this case indicates that the trader lost their position because the price of $RDNT declined to the liquidation threshold, likely due to insufficient collateral to maintain the trade
#RDNT #BTCNextMove #MarketPullback #BinanceAlphaAlert #ElSalvadorBTCReserve