Article
🔔 [Long liquidation] OKX [SNDK-USDT-SWAP] experienced a liquidation at a price of 1771, with a liquidation amount of $242,200
OKX SNDK-USDT-SWAP experienced an approximately $242,200 long liquidation near 1771
A long position on OKX's SNDK-USDT-SWAP was liquidated at a price of 1771, with an amount of $242,200.
Key points
OKX's SNDK-USDT-SWAP experienced a long liquidation.
The price was 1771 when the liquidation occurred.
The liquidation amount was $242,200.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that in the contract, the long position was forcibly liquidated because a price movement reached the liquidation threshold.
Why it matters to readers
This indicates that a relatively large forced liquidation of a long position occurred on this contract.
Beginners need to know that leveraged long positions may be forcibly liquidated during unfavorable price movements, resulting in the loss of some or all of the margin.
Risks and unknowns
- The evidence does not explain the specific reason the liquidation occurred.
- The evidence does not specify the exact currency unit corresponding to $242,200.
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