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

Amount liquidated: $3,118.3

Price at liquidation: $0.03232

In a short position, the trader borrows $PENGU tokens and sells them at a higher price, hoping the price will decrease so they can buy back the tokens at a lower price to return to the lender, making a profit from the difference. If the price rises instead of falling, the position is liquidated to limit further losses.

For this case:

The price of PENGU increased to $0.03232, which caused the liquidation of the short position.

The trader incurred a loss of $3,118.3 as the position was liquidated at this higher price.

Let me know if you need further clarification or have more questions

#BTCNextMove #CorePCESignalsShift #BinanceAlphaAlert #USUALAnalysis #BinanceLaunchpoolBIO