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🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1329; liquidation amount: $16.82W
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The Telegram channel stated that OKX of SNDK-USDT-SWAP at 1329 price, long liquidations occurred.
🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1329; liquidation amount: $16.82W
OKX of SNDK-USDT-SWAP experienced long-position liquidations when the price was 1329.
The liquidation amount was $16.82W.
The information source was a Telegram channel message.
The following is analysis, separate from reported facts. Verify important claims independently.
This is liquidation monitoring information stating that a SNDK-USDT perpetual contract experienced the forced closure of long positions.
Long-position liquidation means that the relevant long positions were forcibly closed, which may indicate liquidation activity in the contract.
Liquidation refers to an account's inability to meet margin requirements, resulting in the system forcibly closing the positions.
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This term is not in the glossary yet. Browse related concepts in the glossary.
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.
View glossary →A risk-management mechanism in which a leveraged position is forcibly closed by the system after moving adversely beyond a specified threshold.
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