That message indicates a short position in Bitcoin (BTC) worth $107,000 was liquidated at a price of $106,790.50
Breaking it down.
🟢 Liquidated Short: A trader bet that BTC’s price would go down, but it went up instead. Their position was forcibly closed (liquidated) by the exchange because it hit the margin threshold.
$107K: The notional value of the short position.
$106,790.50: The price at which the liquidation occurred—BTC reached this level, triggering the event.
This can be seen as a bullish signal, suggesting strong upward momentum, especially if there are many shorts being liquidated in quick succession.
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