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According to reports, 0xb4a3 held 500000 tokens NEAR long position was fully liquidated amid the market decline.
NEAR Long 0xb4a3 500000 tokens NEAR long position was fully liquidated
PANews October 13 reported, citing Lookonchain, that as the market declined,NEAR long trader 0xb4a3 held 500000 tokens NEAR(approximately 2640000 USD) long position was fully liquidated.
Source: https://www.panewslab.com/zh/articles/01a132da-c189-752c-96c6-7663c7319748
PANews stated that Lookonchain reported the incident.
Trader 0xb4a3 held 500000 tokens NEAR long position was fully liquidated.
The position was valued at approximately 2640000 USD。
The report noted that the liquidation occurred while the market was declining.
The following is analysis, separate from reported facts. Verify important claims independently.
A long position is a position that bets on an asset's price rising; full liquidation means that the position has been entirely closed.
This indicates that the NEAR long position was unable to withstand the market decline, potentially drawing market attention to the related liquidation event.
Beginners can understand this as: a relatively large position betting on NEAR rising was entirely eliminated as the price declined.
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