This refers to a long liquidation involving $AVA , the native cryptocurrency of the Avalaunch platform. Here's a breakdown

$1.1828K likely refers to $1,182.80 (1.1828 thousand dollars which is the value of the position that was liquidated.

$1.27358 represents the liquidation price, meaning the price at which the long position was forcibly closed

What happened

A long liquidation occurs when a trader takes a long position betting the price will rise but if the price falls too much, the position is automatically closed to prevent further losses, often due to margin calls or liquidation rules.

In this case

The trader was holding a long position on $AVA, expecting its price to increase.

When $AVA dropped to $1.27358, the position was liquidated to avoid further losses.

Long liquidations are typically triggered when the asset's price moves in the opposite direction of the position, and the trader is unable to maintain the required margin.

If you'd like more information on $AVA or how long liquidations work, feel free to ask

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