This alert indicates that $2,237.5 worth of $NEIRO /USDT long positions were liquidated at the price of $0.00043444. Here's a simple breakdown:
Long liquidation happens when traders who were betting on price going up (long) are forced to sell because the price dropped too much.
$2.2375K means $2,237.50 of long positions got wiped out.
This occurred at the price level $0.00043444 — a key level where traders were overleveraged.
What it could mean:
This liquidation might suggest selling pressure, especially if it follows multiple long liquidations.
However, if many longs have been liquidated already, a short-term bounce could happen due to reduced leverage.
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