The statement you provided indicates a long position liquidation in $NEAR Protocol cryptocurrency. Here's the breakdown of the information:

Amount Liquidated: $2.8392K roughly 2,839.2 US dollars

Liquidation Price: $5.052 per NEAR token.

In trading, a liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient funds in their margin account to cover losses. In this case, a long position (betting that the price will rise) in NEAR was liquidated when the price reached $5.052.

If the trader had opened the position at a higher price, and the price of NEAR dropped to $5.052, the position would have been liquidated to prevent further losses.

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