$SKR Longs Took a Hit
A $4.8671K long position on $SKR was liquidated at $0.01526.
Traders were betting on upside, but the move went against them and forced their leveraged positions out at the $0.01526 level.
This is a bigger flush than a typical small liquidation, and it shows that leverage is getting punished quickly. If selling pressure continues, more overleveraged longs could be at risk.
Now the big question is simple: can $SKR hold this area and attract buyers, or is another wave of liquidations waiting?
The next few moves could be important.
