Here’s a thrilling breakdown of the $EIGEN Long Liquidation:

Total Liquidation Value: $2,737.6K (approximately $2.74 million)

Liquidation Price: $2.846

This means that a substantial amount of long positions (worth around $2.74 million) were liquidated when the price hit the level of $2.83895. Liquidations like this usually occur due to a price drop or market conditions that forced leveraged traders to close their positions.

In terms of market dynamics, this large liquidation indicates a strong sell-off or a significant price reversal, likely resulting in a sharp decline in the price of $EIGEN. The liquidations might have added to the downward pressure on the asset.

This could be seen as a market correction or an opportunity, depending on whether you’re looking to buy at a lower price or if this signals more bearish momentum.

Let me know if you need any more details on this.

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