This statement appears to reference a liquidation event in a cryptocurrency trading context, specifically related to the $XLM (Stellar) token:

Short Liquidation: Indicates that a trader holding a short position on $XLM was forced to close their position due to the price moving against their bet i.e., the price increased.

$1.6124K: The value of the short position that was liquidated, equivalent to $1,612.40.

$0.4632: The price of at the time the liquidation occurred.

Such liquidations typically happen in leveraged trading, where traders borrow funds to increase their exposure. If the market moves against their position and their margin can't cover the loss, the exchange liquidates the position to recover funds. This is a common risk in high-leverage trading.

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