The data provided indicates that a short position worth $91,500 was liquidated on
Bitcoin ($BTC ) at a price of $96,714.80.
Here’s what it means:
1. Short Position: The trader bet on the price of Bitcoin decreasing.
2. Liquidation: The price of Bitcoin increased to a point where the trader’s margin
(collateral) was insufficient, and the position was forcibly closed by the exchange to prevent further losses.
3. $BTC Price at Liquidation: $96,714.80.
This implies Bitcoin's price surpassed the level where the short position could remain active, resulting in the loss for the trader who opened the position.
Note: This specific liquidation figure is high, suggesting the involvement of significant leverage or large capital.
The mentioned BTC price appears unusually high compared to historical prices (as of 2024), possibly indicating a typo or a specific market scenario (e.g., simulated trading or an error).
