📉$OP You're referencing a short liquidation for the OP asset with a position 💯of $5,824.1K (around $5.8 million) at a price of $1.12704 per unit. This indicates that a short position on OP was closed at this price, likely because the price of OP increased, causing the short seller to buy back the asset at a higher price than the one they initially sold at.📊
This short liquidation typically indicates upward momentum in price as short sellers are forced to close their positions, which could fuel additional price growth due to the buying pressure🚨.
⚡Are you keeping an eye on the OP market or looking for specific insights into this short liquidation event?👍