* Short Position: A trader opens a short position when they expect the price of an asset to decline. They borrow the asset and sell it, hoping to buy it back at a lower price later, returning it to the lender and profiting from the difference.
* Liquidation: If the price of the asset moves against the trader's prediction and rises above a certain level (the liquidation price), their position is automatically closed by the exchange to prevent further losses. This is known as liquidation.
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* ETH Liquidated Short: $87.6K at $2807.41: This means that short positions worth $87,600 of Ethereum were liquidated when the price of ETH reached $2807.41. This suggests that a significant number of traders were betting on the price of Ethereum to fall, but it rose instead, triggering their liquidations.
* DOGE Liquidated Short: $50.1K at $0.260: Similarly, short positions worth $50,100 of Dogecoin were liquidated when the price of DOGE reached $0.260. This indicates that traders who were expecting the price of Dogecoin to decline were caught off guard by a price increase.
Overall, this information suggests that the prices of both Ethereum and Dogecoin experienced unexpected upward movements, causing significant losses for traders who had bet against them. This highlights the volatility and risks associated with cryptocurrency trading, especially when using leverage or engaging in short selling.
