$XVS Long Liquidation This occurs when a trader who has taken a long position expecting the price of the asset to rise is forced to close their position because the price moves against them falling instead of rising. The position is liquidated to prevent further losses.
$1.3972K: This is the value of the long position that was liquidated, amounting to $1,397.20.
$9.82573: This is the price of XVS at the time of liquidation, indicating that the price dropped to $9.82573, causing the long position to be liquidated.
In summary, a trader who was long on $XVS expecting its price to rise saw the price fall to $9.82573, resulting in the liquidation of their position at a loss of $1,397.20.$XVS
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