The details you provided refer to a short liquidation involving $COW likely referring to the cryptocurrency associated with the "Cow Protocol" or another token with the same symbol. Here's the breakdown:

Amount liquidated: $4,123

Price at liquidation: $0.81049

In a short position, the trader borrows $COW tokens to sell them at a higher price, hoping the price will decrease so they can buy them back at a lower price and profit from the difference. However, if the price increases instead, the trader's position is liquidated to prevent further losses.

For this case

The price of COW rose to $0.81049, triggering the liquidation of the short position.

The trader incurred a loss of $4,123 as the position was liquidated at this higher price.

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