Ticker: $LTC (likely Litecoin, a popular cryptocurrency).
Liquidated Position: A short position worth $184K was liquidated.
Liquidation Price: $124.54.
Explanation:
1. Short Position: A short trade is a bet that the price of an asset will decline.
The trader sells the asset they do not own, aiming to buy it back later at a lower price to profit from the difference.
2. Liquidation: This happens when the price of the asset moves against the short position (i.e., rises).
In this case, the price of $LTC likely reached $124.54, triggering automatic closure of the position (liquidation) to prevent further losses.
Liquidation occurs when a trader’s margin (collateral) is no longer sufficient to cover the position.
3. $184K: This is the notional value of the liquidated position, indicating a relatively large trade.
4. Price Point ($124.54): This indicates where the liquidation was triggered, likely due to a margin call.