$ATA SHORT LIQUIDATION event involving Automata Network with the following details:

Amount liquidated: $3.0389K or $3,038.90

Liquidation price: $0.1894 per unit of $ATA

What this means:

Short position: The trader had a short position on $ATA, betting that its price would decrease.

Liquidation: The price of $ATA increased to $0.1894, which triggered the forced closure of the short position. In short selling, if the price of the asset rises instead of falling, the trader incurs a loss.

Loss: The trader experienced a loss of $3,038.90 because the price of $ATA went against their position and rose to the liquidation price of $0.1894.

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