Article
🔔 [Long liquidation] OKX [ETH-USDT-SWAP] was liquidated at price 2636; liquidation amount: $1.32M
OKX ETH Perpetual Contract Sees 1.32 Million USD Long Liquidation at 2636
An OKX ETH-USDT-SWAP long position was liquidated at 2636 for 1.32 million USD.
Key points
A long liquidation occurred in OKX ETH-USDT-SWAP.
The liquidation price was 2636.
The liquidation amount was 1.32 million USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that one or more long positions in the ETH-USDT-SWAP contract on OKX were forcibly closed at a recorded price of 2636, for a total of 1.32 million USD.
Why it matters to readers
This shows that a relatively large long liquidation occurred in the contract.
A long liquidation occurs when a position betting on a price increase is forcibly closed because its margin is insufficient.
Risks and unknowns
- The source did not state the exact number of accounts involved in the liquidation.
- The source did not state the subsequent effect of the event on the ETH price or market trend.
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