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🔔 [Long liquidation] BINANCE [MRVLUSDT] was liquidated at price 247.7; liquidation amount: $19.39W
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The report states that Binance's MRVLUSDT had a long liquidation at a price of 247.7, with an amount of 193900 USD.
🔔 [Long liquidation] BINANCE [MRVLUSDT] was liquidated at price 247.7; liquidation amount: $19.39W
BINANCE of MRVLUSDT a long liquidation occurred.
The liquidation price was 247.7.
The liquidation amount was 193900 USD.
The following is analysis, separate from reported facts. Verify important claims independently.
A long liquidation means that a position in the bullish direction was forcibly closed; this information states that the related event occurred at a 247.7 price, with an amount of 193900 USD。
It indicates that leveraged positions in the trading pair were forcibly closed near this price.
Beginners can understand it as follows: some positions betting on a price increase were forcibly closed 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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