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PANews reported that ETH fell below 2,600 USD a certain address's 3,728 coins of ETH long positions were fully liquidated within 3 minutes.
a trader 3728 coins ETH long positions were fully liquidated, valued at approximately 9850000 USD
PANews October 7 news, according to monitoring by Lookonchain,ETH the price just fell below 2,600 USD, with the address 0xcbab the trader held, in just 3 minutes, 3,728 coins of ETH(worth approximately 9850000 USD) in long positions were fully liquidated.
Source: https://www.panewslab.com/zh/articles/01a11437-ae4f-7770-812b-a954b8b0ad76
PANews, citing monitoring by Lookonchain, reported that ETH the price just fell below 2,600 USD。
the address 0xcbab the trader held 3,728 coins ETH in long positions.
The long position was fully liquidated within just 3 minutes, valued at approximately 9850000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
The report described an event in which ETH long positions were fully liquidated: the address involved held 0xcbab、3,728 coins ETH, with the reported valuation at approximately 9850000 USD。
This was a long-position liquidation valued at approximately 9850000 USD involving ETH The long position held by the address was fully liquidated; the original text did not state its impact on subsequent price movements.
Beginners may use this to pay attention to the risks of long-position liquidation, but this event alone cannot determine whether ETH will rise or fall afterward.
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