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🔔 [Long liquidation] BINANCE [SKHYNIXUSDT] was liquidated at price 894.9; liquidation amount: $18.96W
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The report states that BINANCE's SKHYNIXUSDT experienced a long liquidation of 189600 USD at a price of 894.9.
🔔 [Long liquidation] BINANCE [SKHYNIXUSDT] was liquidated at price 894.9; liquidation amount: $18.96W
BINANCE was reported as the platform where the incident occurred.
The trading pair is SKHYNIXUSDT.
The reported price is 894.9.
The reported liquidation amount is $18.96W.
The event type is long liquidation.
The following is analysis, separate from reported facts. Verify important claims independently.
This indicates that leveraged long positions in this trading pair were forcibly liquidated.
Large forced liquidations may indicate significant volatility in the related trading pair.
Liquidation means that the position's losses reached the forced liquidation conditions, and the trader may be automatically closed out by the system.
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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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