$BTC
It looks like you're referencing a liquidation event in the #Bitcoin market. A $222K long position was liquidated at a price of $74,434. Liquidations occur when the price of an asset moves against a trader's position causing their collateral to be insufficient to cover the margin requirements. This can lead to the forced closure of positions which in this case was a long position on Bitcoin.If you'd like more details on the specifics of how this works or the implications of such liquidations feel free to ask!
