$ADA This is the ticker for , a well-known blockchain platform that aims to provide a secure and scalable platform for the development of decentralized applications and smart contracts.
Short Liquidation: A short liquidation occurs when a trader takes a position betting that the price of $ADA will decrease. If the price increases instead, the trader's position becomes unprofitable. The liquidation happens when the price rises to a certain level, triggering the forced closure of the position to avoid further losses.
$1.8903K: This represents the value of the liquidated position, which is approximately $1,890.30.
$0.904: This is the price at which the short position was liquidated. The price of $ADA rose to $0.904, causing the short position to be automatically closed.
In this case, the trader had a short position on $ADA, expecting its price to fall. However, as the price increased to $0.904, the position was liquidated, leading to a loss for the trader
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