$CKB short liquidation event involving Nervos Network , where a position was liquidated for $1,388.50 at a price of $0.01282 per CKB token.

In a short liquidation:

A trader borrows and sells an asset, expecting the price to fall. However, if the price rises instead, they may be forced to buy it back at a higher price to cover the position, thus realizing a loss.

The position is typically liquidated when the price reaches a certain threshold, often due to the trader's margin not covering the loss or the broker/platform triggering the liquidation process.$CKB

For this event, it appears the trader was liquidated at a price of $0.01282 per CKB, incurring a loss of approximately $1,388.50 due to the price increase in CKB.

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