$MOVE Short Liquidation:This occurs when a trader who has taken a short position betting that the price of the asset will decrease is forced to close that position due to the price moving against them rising. When the price rises to a certain point, the short position is liquidated to prevent further losses.
$1.6085K: This represents the value of the short position that was liquidated, totaling $1,608.50.
$1.0232: This is the price of MOVE at the time of the liquidation, which likely indicates that the price of MOVE rose to this level, causing the liquidation of the short position.
In summary, a trader who was short on MOVE expecting its price to drop saw the price increase to $1.0232, leading to the liquidation of their position at a loss of $1,608.50.$MOVE
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