The liquidation event you mentioned involves a short position on $ONT (Ontology), and here are the details:

Liquidated Amount: $1,596.2 (likely USD or equivalent)

Price at Liquidation: $0.2691

In this scenario, a trader had taken a short position on $ONT, expecting its price to decline. However, when the price reached $0.2691, the market moved against the short position, and the trader’s position was liquidated, resulting in a loss of $1,596.2.

To summarize:

Shorting $ONT: The trader was betting the price of $ONT would fall.

Liquidation Price: $0.2691 — this is the price at which the short position was forced to close due to losses exceeding a predefined margin or risk threshold.

Loss: $1,596.2 — the amount lost due to the liquidation.

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