The statement you've provided seems to describe a short liquidation event for the $ZEC asset. Here's a breakdown

$ZEC This is likely referring to the Zcash cryptocurrency

Short liquidation: A short position involves selling an asset with the expectation that its price will decrease. A liquidation of a short position occurs when the price moves in the opposite direction (up) beyond a certain threshold, forcing the position to be closed.

$2.379K: This is the value of the short position being liquidated, meaning the trader had a position worth $2,379 in ZEC.

At $61.26: This is the price level at which the short position was liquidated, meaning the price of ZEC reached $61.26, causing the liquidation.

To summarize, a trader who was shorting Zcash with a position size of $2,379 had their position liquidated when the price reached $61.26. This suggests the trader expected the price of ZEC to fall but instead, it rose to that price, triggering the liquidation.

Would you like further information or analysis on short liquidations$ZEC

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