$1MBABYDOGE /USDT
this update indicates that a short position of $1,000,000 worth of BABYDOGE will face liquidation if the price of BABYDOGE reaches $0.00369
Key Terms
ShortLiquidation When the price of an asset rises to a certain point, and a short seller's collateral becomes insufficient to cover the position, the position is automatically liquidated
$1.9688K: The monetary value of the short position that would be liquidated approximately $1,968.80
$0.00369 The price threshold at which liquidation occurs
This suggests a risk for the short seller if 's price increases to or beyond $0.00369. Traders monitoring this might anticipate volatility near this price level