$DYDX /USDT his indicates that a long position on was liquidated at a price of $1.423 The value of the liquidation was approximately $1,263.3 likely denominated in USDT or USD
What this means
1Long liquidation The trader expected the price of to increase but was forced to sell because the price dropped to $1.423 triggering their liquidation threshold
2 Market impact this could add short-term selling pressure on depending on the size of the liquidation and market liquidity.
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