$PNUT Long Liquidation Reaches $11.519K at $0.38482
In an intense market moment, PNUT (Peanut) saw long liquidations totaling a staggering $11.519K at a price of $0.38482.
This dramatic liquidation event has caught the attention of traders and investors alike, signaling the unpredictable nature of the cryptocurrency market.
As the price dipped to this critical level, leveraged long positions were forced to close, amplifying the downward pressure and causing a ripple effect throughout the market.$PNUT
The $0.38482 price point has now emerged as a significant threshold, with analysts closely monitoring whether it will act as a support or resistance level in the coming days.
Such liquidations serve as a reminder of the risks associated with highly leveraged trading, especially in volatile markets like cryptocurrencies.
Investors and traders are urged to exercise caution and manage their positions carefully, as the market remains highly susceptible to sharp price movements and sudden liquidations. Stay informed and prepared for potential market shifts.$PNUT
