You're referring to a long liquidation involving the asset $SAND. Here's the breakdown:
Long Liquidation: In a long position, the trader buys the asset $SAND D in this case betting that its price will increase. If the price decreases significantly, the trader's position may be liquidated to prevent further losses, typically due to margin calls or other risk management protocols.
$3.3336K: This represents the value of the long position that was liquidated, amounting to approximately $3,333.60.
$0.57151: This is the price at which the long position was liquidated. The asset $SAND reached $0.57151 per unit, which likely triggered the liquidation due to the price decline or margin requirements.
In summary, the trader was forced to close their long position in $SAND at $0.57151 when the price dropped to this level, possibly because the value of the position fell to the point where liquidation was required. Let me know if you'd like further clarification
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