📢$RUNE You're referring to a long liquidation event for the cryptocurrency RUNE📉, where $3.0574K was liquidated at a price of $1.458. This means that traders who were holding long positions in RUNE, betting on its price to rise, were forced to close their positions due to the price moving against them.⚡
Such liquidations typically happen when the price falls below a certain level, triggering mechanisms or margin calls, especially in leveraged positions. This can cause further selling pressure, potentially driving the price down even more.🚀
The fact that this liquidation is relatively large ($3.0574K) suggests that there may have been significant leverage involved, which could amplify the price movement in either direction.
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