This refers to a short liquidation involving $UNI , the native token of the decentralized exchange. Here's a breakdown of the details

$12.449K likely refers to $12,449 (12.449 thousand dollars, which is the value of the position that was liquidated.

$13.7562 represents the liquidation price, which is the price at which the short position was forced to close.

What happened

A short liquidation occurs when a trader has a short position betting the price will go down but if the price rises instead, the position is automatically closed liquidated to limit the trader's losses. This happens when the price reaches a certain threshold, often due to margin requirements or risk management protocols.

In this case

The trader had a short position on $UNI, expecting its price to decrease.

However, when the price of $UNI rose to $13.7562, the short position was liquidated, which likely resulted in a loss for the trader because they had to buy back the asset at a higher price than they originally sold it for.

Short liquidations occur in volatile markets when prices move against the position, forcing automatic closings to avoid further risk.

If you'd like more information on $UNI , short liquidations, or related concepts, feel free to ask

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