This alert indicates that a long position on Ethereum (ETH) worth $30,500 was liquidated at the price of $2,452.43.
Here's a breakdown:
🔴 Red Circle: Typically signifies a liquidation event.
#ETH: Refers to the Ethereum cryptocurrency.
Liquidated Long: Means the trader bet on the price of ETH going up (a long position), but the price dropped too far, triggering a forced close of the position.
$30.5K: The notional value of the long position.
@ $2452.43: The price of ETH at the time of liquidation.
What It Means:
The trader likely used leverage, and the market moved against them, causing the position to be automatically closed to prevent further losses. This reflects bearish short-term movement for ETH.
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