The information provided refers to a short liquidation involving the cryptocurrency $NEAR Here's the breakdown

Amount liquidated: $1,868.7

Price at liquidation: $5.448

In the context of a short position, the trader borrows NEAR tokens to sell them at a higher price, with the expectation that the price will drop. However, if the price rises instead of falling, the trader's position will be liquidated to limit further losses.

For this case

The price of $NEAR increased to $5.448, triggering the liquidation.

The trader's short position was closed at this price, resulting in a loss of $1,868.7.

Let me know if you need more details on how short liquidations work

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