It seems you're referring to a short liquidation event for 1,000,000 LUNC (Luna Classic) at a price of $0.06761, resulting in a liquidation value of $18.29K.
In this context:
Short Liquidation: This typically refers to a scenario where traders who were betting against the price (shorting) get liquidated because the price of the asset rises instead of falling, forcing them to cover their positions. It can occur in margin trading or futures markets.
$18.29K: This represents the liquidation value, meaning the amount that was liquidated due to the short position being forced to close at the specified price.
$0.06761: This is the price at which the short position was liquidated.
This could potentially lead to increased volatility in the LUNC market, depending on the scale of liquidations and the positions involved. Would you like to dive deeper into how this affects LUNC's price movement or the implications of short liquidations?
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