Here’s the breakdown for the $1000BONK long liquidation:
Type: Long Liquidation → Traders betting on the price rising got liquidated.
Amount Liquidated: $6.8479K → About $6,848 worth of positions were closed.
Price at Liquidation: $0.01164 → The price at which these long positions were forcibly closed.
💡 Implication: Long liquidations usually happen when the price drops below the traders’ margin threshold. A liquidation of ~$6.8K is relatively significant for a small-cap token like $1000BONK, suggesting notable selling pressure at ~$0.0116.
We can also calculate how many $1000BONK tokens were liquidated: