A notable liquidation occurred on a $TIA
short position valued at $74,300 which
was triggered as the token's price rose to $5.400.
This liquidation means the trader had bet on a decline in TIA’s price expecting it to fall. However as TIA’s price climbed to $5.400, the trading platform automatically closed the position to prevent further losses.
In leveraged trading these forced closures or liquidations are designed to protect traders from escalating losses when the market moves contrary to their expectations.
In this instance the rising price of $TIA led to an exit from the trade at a financial loss for the trader.
