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🔔 [Long liquidation] BINANCE [ZECUSDT] was liquidated at price 1413; liquidation amount: $17.32W
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Binance on ZECUSDT at 1413 price, 173200 USD in long liquidations.
🔔 [Long liquidation] BINANCE [ZECUSDT] was liquidated at price 1413; liquidation amount: $17.32W
BINANCE's ZECUSDT experienced long liquidations.
The liquidation price was 1413.
The liquidation amount was $17.32W.
The following is analysis, separate from reported facts. Verify important claims independently.
The message stated that BINANCE on the exchange,ZECUSDT when the price was 1413 there was a long liquidation amounting to$17.32W. A long liquidation refers to a bullish position being forcibly closed.
It recorded an event in which a ZECUSDT long position was forcibly liquidated, which can serve as an information point for observing the risk of the trading pair.
Beginners can understand it as follows: someone bet that the price would rise, but the position was forcibly liquidated by the system; this does not mean that the price will necessarily rise or fall afterward.
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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.
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