This data indicates that a short position in Ethereum ($ETH ) was liquidated at a price of $3449.15, with a total value of $50,300
1. Liquidation: This occurs when a trader's margin is insufficient to cover losses, forcing the exchange to close the position to prevent further loss.
2. Short Position: A bet that the price of Ethereum would fall. In this case, the price likely increased instead, leading to the liquidation.
3. $50.3K: This is the total value of the liquidated position, including any leverage the trader used.
Liquidations are common in high-leverage trading, especially in volatile markets like crypto.