The post refers to a liquidated short position in $ARKM (Arkham cryptocurrency) worth $2.9746K at a price of $1.44609.
Here's the breakdown:
Liquidated Short: The trader was betting on $ARKM 's price decreasing, but the price rose, leading to the position being closed due to insufficient margin.
$2.9746K: The value of the short position that was liquidated.
$1.44609: The price at which the liquidation occurred.
This reflects a bullish movement in $ARKM 's price, resulting in losses for traders with short positions.
