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🔔 [Long liquidation] OKX [SOL-USDT-SWAP] was liquidated at price 118.7; liquidation amount: $25.57W
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The monitoring channel stated that OKX’s SOL-USDT-SWAP saw approximately 255700 USD in long liquidations; this has not been verified.
🔔 [Long liquidation] OKX [SOL-USDT-SWAP] was liquidated at price 118.7; liquidation amount: $25.57W
The liquidation direction was long liquidations.
The platform involved was OKX。
The contract involved was SOL-USDT-SWAP。
The recorded price was 118.7。
The liquidation amount was $25.57W.
The following is analysis, separate from reported facts. Verify important claims independently.
This information states that some traders holding SOL-USDT-SWAP long positions were forcibly liquidated when the price was 118.7 with the amount listed as$25.57W。
Long liquidations indicate that the relevant long positions were forcibly closed, but this record alone cannot determine the SOL overall trend.
A liquidation occurs when the system forcibly closes a position due to insufficient margin; long liquidations generally mean that bullish positions could not withstand the price movement.
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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.
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