In the case of the ETC Ethereum Classic short liquidation you're mentioning:

$13.789K: This is the value of the short position that has been liquidated, amounting to $13,789.

$25.576: This is likely the price of Ethereum Classic $ETC at which the short position was liquidated.

What it means:

Short Liquidation: This refers to a situation where a trader was betting that the price of $ETC would decrease shorting but instead, the price increased to a level where the trader's position could no longer be sustained, triggering a forced liquidation.

When the price rises, the short seller has to buy back the asset at a higher price than they sold it for, resulting in a loss. If the price goes above a certain threshold (the liquidation price), the position is automatically closed to prevent further losses.

Example:

If someone shorted ETC at, say, $20 expecting the price to drop, but it rose to $25.576, their position would get liquidated because they would owe more than they initially borrowed. In this case, the loss on the liquidation is about $13,789.

Let me know if you need further clarification

#MarketPullback #MarketCorrectionBuyOrHODL? #USUALTradingOpen #USJoblessClaimsFall #GrayscaleSUITrust