$TAO LIQUIDATION AMOUNT : $1.8147K (approximately $1,814.70)
Price at Liquidation: $543.66 per TAO
In this case, the trader had a short position in TAO, betting that its price would decrease. However, the price of TAO increased to $543.66, causing the position to be liquidated at that price.
Short liquidation occurs when the market moves against the trader's position—in this case, the price rising instead of falling. The trader was likely forced to buy back $TAO
at a higher price, resulting in the liquidation event and a loss on the position. The liquidation amount of $1,814.70 suggests a sizable short position was involved.$TAO
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