$MANTA LONG LIQUIDATION This indicates the liquidation of a long position in $MANTA.
$2.3468K: The total value of the liquidation is $2,346.80.
at $0.85107: The liquidation occurred when the price of $MANTA reached $0.85107.
In a long position, a trader buys the asset expecting its price to increase. However, if the price moves in the opposite direction, the position can be liquidated. In this case, the position was likely closed at $0.85107, resulting in a loss of $2,346.80. Liquidations typically occur when the asset price reaches a level where the trader's margin is no longer sufficient to maintain the position, especially in leveraged trading
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