The liquidation event you're referring to involves $PNUT likely a token or cryptocurrency Here's the breakdown

$40.383K is the total value of the short position that was liquidated.

$0.62557 is the price at which the short position was automatically liquidated

In a short liquidation, the trader had taken a position betting that the price of $PNUT would fall. However, the price of increased instead, reaching $0.62557, and as a result, the position was liquidated to prevent further losses. This automatic liquidation happens when the price moves against the short position to a point where the trader can no longer maintain the position

If you need more information about or short liquidations, feel free to ask

#BTCNextMove #MarketPullback #BinanceAlphaAlert #USJoblessClaimsFall #ElSalvadorBTCReserve