In this case, you're referring to a short liquidation event for $COW . Here's the breakdown:
$4.9912K refers to the value being liquidated, approximately $4,991.20.
$0.99825 is the price at which the liquidation occurred or the price of the $COW token during the event.
This means that a short position on was liquidated when its price reached $0.99825. When the price of an asset rises instead of falling (as expected in a short position), and the trader does not have enough margin to support the position, it leads to forced liquidation.
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