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🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1281; liquidation amount: $22.42W
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OKX detected SNDK-USDT-SWAP at a 1281 price, approximately 224200 USD long positions were liquidated.
🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1281; liquidation amount: $22.42W
OKX’s SNDK-USDT-SWAP at a price of 1281 when long positions were liquidated.
The liquidation amount was $22.42W.
The information source is a Telegram liquidation monitoring channel.
The following is analysis, separate from reported facts. Verify important claims independently.
Long liquidation refers to bullish-direction positions being forcibly closed; this information indicates that the relevant positions were forcibly closed at a price of 1281.
The large liquidation indicates a noteworthy forced liquidation event in this contract market.
Beginners may first focus on the liquidation amount, the price at which it occurred, and whether similar records follow, rather than judging the market direction based solely on a single piece of information.
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This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →A risk-management mechanism in which a leveraged position is forcibly closed by the system after moving adversely beyond a specified threshold.
View glossary →A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
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