$AGLD AMOUNT LIQUIDATED $1.3167K (or $1,316.70)

Liquidation price: $2.20928 per unit of

What this means:

Short position: The trader had a short position on $AGLD, betting that its price would decrease.

Liquidation: The price of $AGLD increased to $2.20928, triggering the liquidation of the short position. Since short selling involves selling an asset at a higher price and buying it back at a lower price, an increase in the asset's price forces the trader to buy back at a higher price, leading to a loss.

Loss: The trader faced a loss of $1,316.70 due to the price of $AGLD rising and causing the position to be liquidated at the price of $2.20928.

In short liquidations, the price moving against the trader's position leads to an automatic closure of the position to prevent further losses.

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