The post refers to a liquidated short position in $ALGO (Algorand cryptocurrency) worth $1.0095K at a price of $0.3264.

Here's the breakdown:

Liquidated Short: The trader was betting on $ALGO 's price decreasing, but the price rose, forcing the position to close due to insufficient margin.

$1.0095K: The value of the short position that was liquidated.

$0.3264: The price at which the liquidation occurred.

This indicates a bullish movement in $ALGO 's price, leading to losses for traders holding short positions.

#ALGO

#BinanceAlphaAlert

#SolvProtocolMegadrop

#BinanceAlphaAlert