$DOT It looks like you're referring to a short liquidation event for Polkadot $DOT with the liquidation amount of $1.8057K occurring at a price of $7.081.
Here's a breakdown of the terms:
$DOT: This is the ticker symbol for Polkadot, a blockchain platform that enables different to transfer messages and value in a fashion; it is known for enabling interoperability between .
Short Liquidation: This refers to the forced closing of a short position. In a short position, a trader borrows and sells an asset (in this case, DOT) with the intention of buying it back at a lower price. If the price rises, a liquidation happens when the position is automatically closed to limit further losses. The liquidation price is typically set by the margin level.
$1.8057K: This is the value of the position being liquidated, indicating a liquidation worth $1,805.70.
$7.081: This is the price at which the short position was liquidated. It suggests that the price of DOT reached $7.081, which is likely above the price at which the trader initially shorted it, thus triggering the liquidation.
In summary, a trader holding a short position in Polkadot was forced to close their position due to the price rising to
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