In this case, you're referring to a short liquidation involving $HBAR , the native cryptocurrency of the Hedera network. Here's the breakdown
$3.1057K likely refers to $3,105.70 (3.1057 thousand dollars, the value of the position that was liquidated.
$0.25188 is likely the liquidation price, meaning the price at which the short position was closed out.
What happened
A short liquidation occurs when a trader who is short on an asset in this case, is forced to close their position due to a price rise. When a trader shorts an asset, they borrow it and sell it, expecting the price to decrease so they can buy it back at a lower price, returning it to the lender and pocketing the difference. If the price instead increases, the trader faces the risk of a loss. If the price reaches a certain level, typically determined by margin requirements, the position is liquidated to prevent further losses.
In this case
The trader had a short position on $HBAR and was expecting the price to fall.
When the price of reached $0.25188, the position was liquidated, which would have resulted in a loss for the trader.
If you need more context on $HBAR or the mechanics of short liquidations, feel free to ask
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