It seems you're referring to a short liquidation event involving Avalanche $AVAX where a position was liquidated for approximately $1,172.90 at a price of $41.89.

In the context of cryptocurrency trading, a short liquidation occurs when a trader borrows and sells an asset (expecting the price to fall) but is forced to buy it back to close their position due to a price increase, triggering a margin call or liquidation of the position. The specific details you're providing suggest that a short position was liquidated when $AVAX reached $41.89, resulting in a loss or forced closure of around $1,172.90 for the trader.

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