The statement refers to a short liquidation event involving Ethereum $ETH with the following details

$25,080: This is the value of the position that was liquidated. In this case, it represents the size of the short position that was forcibly closed by the exchange.

$3,290.00: This is the price at which the short position was liquidated. The price of Ethereum $ETH rose to this level, likely causing the trader to incur significant losses, as the short position was bet on the price of ETH falling, not rising.

In a short position, a trader borrows and sells an asset in this case, ETH hoping the price will fall so they can buy it back at a lower price to make a profit. If the price rises instead, the trader faces losses. If those losses exceed the margin collateral held in the account, the position is liquidated to prevent further losses.

This short liquidation of $25,080 at $3,290 suggests that price rose to $3,290, causing the trader to lose that amount. It highlights the risk of short selling in volatile markets like cryptocurrency.

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