A long position worth around $164,000 was just liquidated on Binance Futures. The asset is $SOXLB , with an average execution price of 119.07. The position size was 1,376.48, and the current price is 119.09, down 12.02% over the past 24 hours. The current price is almost exactly at the average liquidation price for this position. Looking at this trade, it doesn't seem like a distant, older position being closed out—longs using leverage at this level are being flushed out. A single liquidation of $164,000 isn't huge, but the direction is clear: positions on the downside are still being cleared out.
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