You are referring to a short liquidation event for Syscoin $SYS with the liquidation amount of $1.7449K occurring at a price of $0.1107.
Here’s the breakdown
$SYS: This is the ticker symbol for Syscoin, a blockchain platform designed for scaling decentralized applications and providing a range of services such as asset tokenization and decentralized marketplaces.
Short Liquidation: A short position involves borrowing an asset (in this case, $SYS) and selling it, hoping the price will fall. If the price increases, the position can be liquidated to prevent further losses. The liquidation price is the threshold at which the position is automatically closed.
$1.7449K: This is the value of the position being liquidated, which amounts to $1,744.90.
$0.1107: This is the liquidation price at which the short position was closed. When $SYS reached $0.1107, the short position was liquidated. This suggests that the trader had shorted at a higher price, but when the price rose to $0.1107, the position was closed out, and the trader incurred a loss.
In summary, a trader with a short position in Syscoin was forced to close their position when the price of $SYS rose to $0.1107, resulting in a loss of $1,744.90.
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