#AIXBT Long Liquidation Chaos: $8.0858K Liquidated at $0.55066!

The crypto market just dealt a devastating blow to AIXBT bulls as a massive $8.0858K in long positions were liquidated at a critical price of $0.55066.

This shocking event has sent waves of uncertainty through the trading community, leaving traders grappling with the fallout.

Long liquidations occur when leveraged traders betting on price increases are forced to sell as prices fall, creating a cascading effect of selling pressure.

This liquidation highlights intense bearish pressure and raises questions about AIXBT’s ability to regain its footing.

Key Highlights:

1. $8.0858K in longs liquidated, a major setback for bullish sentiment.

2. Price dropped to $0.55066, now a critical zone for traders to watch.

3. The liquidation underscores growing market volatility and bearish dominance.

Market Reaction:

The sudden liquidation has sent shockwaves through the charts, with traders scrambling to find the next support

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