This refers to a short liquidation event for $EOS a cryptocurrency, where the value of the position being liquidated was $1.0308K at a price of $0.785 per unit of $EOS

Here’s a breakdown

$EOS EOS is a blockchain platform and cryptocurrency.

Short liquidation: This happens when traders who have bet against the price of the asset i.e., short positions face a price increase, forcing them to close or liquidate their positions at a loss.

$1.0308K: The value of the short position being liquidated, which amounts to $1,030.80 assuming this is in USD

$0.785: The price per unit of EOS at the time of the short liquidation.

In a short position, traders are hoping the price of EOS will decrease. However, if the price rises instead, their positions are at risk of liquidation to cover the losses. Short liquidations like this can contribute to sudden price movements, especially in highly volatile markets like

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