It appears that a $HIVE short position was liquidated, where $1.1423K likely 1,142.3 units of the token was forcibly closed at a price of $0.34677.
This suggests that the person or entity holding a short position in $HIVE faced a liquidation event, likely due to the price of the asset moving against their position. In this case, the price reached $0.34677, triggering the forced closure of the short position.
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