In this case, you're referring to a long liquidation involving $LINK the native cryptocurrency of the network. Here's the breakdown

$1.0989K likely refers to $1,098.90 (1.0989 thousand dollars), the total value of the position that was liquidated.

$21.917 represents the liquidation price, which is the price at which the long position was closed out.

What happened

A long liquidation occurs when a trader has taken a long position betting that the price will rise but the price drops to a point where the position is forced to close, usually due to margin calls or risk management protocols.

In this case:

The trader had a long position on $LINK, meaning they expected the price of $LINK to rise.

However, when the price of $LINK dropped to $21.917, the position was liquidated to prevent further losses, as the trader was likely unable to maintain the margin required to keep the position open.

If you'd like more context on $LINK, long liquidations, or trading strategies, feel free to ask

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