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🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1346; liquidation amount: $23.56W
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The report states that OKX's SNDK-USDT-SWAP had a long liquidation at a price of 1346, with an amount of 235600 USD.
🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] was liquidated at price 1346; liquidation amount: $23.56W
The source states that the trading platform is OKX。
The contract is SNDK-USDT-SWAP。
The source states that the liquidation price is 1346。
The liquidation amount was reported to be 235600 USD。
The source link is Telegram.
The following is analysis, separate from reported facts. Verify important claims independently.
“Long liquidation” refers to a contract position betting on an upward price direction being forcibly closed due to insufficient margin. This message reports only a single liquidation event.
It provides SNDK a liquidation price and amount for the contract, which may serve as a clue for observing the contract’s volatility but cannot, on its own, prove a market trend.
Beginners should note that liquidation may result in a loss of principal; a single liquidation message does not constitute trading advice.
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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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