🔴 #XPL #xpl $XPL Long Liquidation Alert
A long liquidation of $6.7877K occurred at the price level of $0.12841.
What this means: Traders who went long expected the price to rise, but the market moved against them. As the price dropped, their positions were automatically closed, resulting in losses.
Why this matters:
Long liquidations often signal selling pressure
They can lead to short-term bearish momentum or increased volatility
Liquidation data helps traders gauge market sentiment and identify potential reversals or continuation moves.
