Short liquidation amount: $2.7192K likely representing a loss or the total value involved, which is $2,719.20
Liquidation price: $0.97919 (the price at which the short position was liquidated
In this situation, a trader had a short position in $MOVE, meaning they bet on the price of $MOVE to fall. However, the price increased to $0.97919, triggering the liquidation of the position to limit further losses.
A short liquidation occurs when the price of the asset moves against the trader's position, and the position is forcibly closed to prevent additional losses beyond the trader's margin.
If you need more details about short liquidations or anything else related to this, feel free to ask$MOVE
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