You're referring to a short liquidation involving the asset $MANA . Here's the breakdown
Short Liquidation: In a short position, the trader borrowed to sell at a higher price, expecting the price to fall. However, if the price rises instead, the trader must buy back at a higher price to close the position, which can result in a loss and lead to liquidation.
$1.7035K: This represents the total value of the short position that was liquidated, approximately $1,703.50.
$0.507: This is the price at which the short position was liquidated. The asset $MANA reached $0.507 per unit, which likely triggered the liquidation, as the price increased to a level that forced the trader to close the position.
In summary, the trader was forced to close their short position in $MANA at $0.507, likely because the price increased and triggered a margin call or liquidation event. Let me know if you need more details
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