$ACT (likely referring to a specific crypto asset, token, or project).
$ACT : The cryptocurrency symbol, representing the asset that was traded.
Liquidated Long Position: This occurs when a trader's long position (a bet that the price would increase) is forcibly closed because the price dropped below the margin maintenance level set by the exchange.
Amount Liquidated: $59.4K (indicating the total value of the position that was liquidated).
Price of Liquidation: $0.567, the price at which the liquidation event occurred.
Context:
Liquidations are common in leveraged trading, where traders borrow funds to increase their position size.
If the market moves against the position long bet loses value as the price drops), the exchange may liquidate the position to cover the borrowed funds.