$ONDO long liquidation you mentioned:
Liquidation Overview:
Asset: Ondo Finance ($ONDO)
Position Type: Long (the trader expected the price to go up)
Liquidation Amount: $9,835.20
Liquidation Price: $0.87554
What Happened:
The trader opened a long position, likely using leverage, betting on ONDO’s price increasing.
However, ONDO's price dropped to $0.87554, triggering the liquidation threshold.
At this point, the exchange automatically sold off the trader’s position, realizing a loss and protecting the lender from further downside risk.
Key Points:
Long liquidation = Selling pressure: When long positions get liquidated, the system sells the asset, which adds downward pressure to the market.
Though the liquidation size (~$9.8K) is relatively modest, it still reflects bearish momentum or volatility at that price level.
If there were multiple long liquidations around this price, it could signal a liquidity pocket or support break, where leveraged traders were overexposed.
Market Insight:
Unlike shorts getting squeezed (which can be bullish), long liquidations often amplify price drops, especially during fast downturns or thin order books.
This liquidation around $0.87554 could mark a short-term support loss, depending on volume and follow-through action.
Want to dive deeper into $ONDO’s liquidation map, or see how much leverage is stacked at key price levels?
