In this case, the liquidation event involves the cryptocurrency $DOGE

The liquidation amount is $3.1878K, which represents the value exposed in the long position.

The liquidation price is $0.31597, meaning the price of $DOGE reached this level, and the long position was automatically closed by the exchange to prevent further losses.

A long liquidation occurs when a trader has bet on the price of DOGE rising. However, the price moved against the trader fell below their entry point reaching $0.31597, triggering the liquidation of the position. The trader is forced to close the position, potentially incurring a loss, as the price did not increase as expected

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