The statement refers to a short liquidation involving Cardano $ADA . Here's a breakdown:

Short liquidation: This happens when a trader who has bet against the price of an asset by shorting it is forced to close their position due to the price of the asset rising too much, triggering a margin call.

$10.212K: This represents the value of the short position that was liquidated, meaning a $10.212K short position in Cardano was closed due to a price increase.

$0.87614: This is the price of Cardano $ADA when the liquidation occurred. The price of ADA reached $0.87614, triggering the forced liquidation of the short position.

In summary, a $10.212K short position in Cardano was liquidated when the price of ADA rose to $0.87614, forcing the trader to close their position at a loss

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