$THE Short Liquidation: As previously mentioned, a short liquidation occurs when a trader who has bet that the asset's price will fall short position is forced to close their position due to the price rising to a certain point, resulting in a loss.

$1.2749K: This indicates the value of the short position being liquidated, which is $1,274.90. The "K" denotes thousands.

at $1.70077: This is the price at which the short position was liquidated, meaning the asset was trading at $1.70077 when the liquidation occurred.

In summary, a short position worth $1,274.90 in $THE was liquidated when the price reached $1.70077. This means the trader who had bet on the asset's price falling had their position closed at this price level due

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