$AZTEC saw a long liquidation of $2.8559K at the $0.01867 level, which indicates that traders expecting higher prices were forced out as the market moved downward.
This type of event usually reflects weakening bullish control in the short term. When long positions are liquidated, it means buyers could not maintain momentum, allowing sellers to push the price lower and trigger forced exits.
Long liquidations can also increase volatility because they add extra selling pressure during the drop. This often leads to a temporary imbalance, where the market searches for a new support level.
For now, $AZTEC may enter a stabilization or consolidation phase, as the removal of leveraged long positions helps reset market conditions. The next direction will depend on whether buyers step back in with confidence or sellers continue to dominate.
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