This indicates that a long position worth $199,000 in $WIF was liquidated at a price of $3.088.
This typically happens when the price of the asset drops below the liquidation threshold for a leveraged long position.
The trader likely used borrowed funds to amplify the position, and the decline in price triggered automatic liquidation to cover the lender's risk.
Would you like further clarification on liquidation mechanics or the market impact of such events?
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