It seems like you're referring to a long liquidation position for the cryptocurrency or asset symbolized as $IO with a liquidation amount of $1,703 at a price of $2.9121.

In this case

Long liquidation means that the trader had opened a long position buying to profit from price increases but the price of the asset fell to $2.9121, causing their position to be automatically closed liquidated by the exchange to prevent further losses

The $1,703 indicates the amount of money the trader lost as their position was forcibly liquidated

This is a typical scenario in leveraged trading, where the trader used leverage to amplify potential profits, but a significant price drop led to the forced liquidation of their position at the specified price point

If you need more information or further clarification, feel free to ask$IO

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