In this case, you're referring to a short liquidation of $1000CAT likely a crypto asset or stock. Here's the breakdown:
Liquidation Amount: $5.0218K
Liquidation Price: $0.04099 per unit of $1000CAT
A short liquidation occurs when a trader who is betting that the price of an asset will fall short position has their position closed out because the price has moved against them, reaching a point where the margin or collateral can no longer support the trade.
Here's what this means:
The trader had a short position on $1000CAT which was liquidated when the price reached $0.04099 per unit.
The value of the position at the time of liquidation was $5.0218K.
Would you like to dive deeper into how short liquidation works or any other related information
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