⚡$JUP It seems you're referring to a short liquidation for the cryptocurrency or asset named Jupiter ($JUP), with a liquidation value of $59,990 at a price of $1.19979.👍
In this scenario, the trader had shorted (bet against) the asset, but when the price of $JUP increased to $1.19979, the position was automatically liquidated. A short liquidation happens when the price rises contrary to the trader's expectation, forcing them to buy back the asset to cover the short position, resulting in a loss.
In this case, the trader's loss from the short liquidation was $59,990 due to the price increase to $1.19979. This typically happens in leveraged trading when the price move exceeds the margin requirements, triggering the liquidation.
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JUPUSDT
Trajne ter. pog.
0.2078
+7.83%

BTCUSDT
Trajne ter. pog.
83,988.7
+2.61%

USDCUSDT
Trajne ter. pog.
1.0007
-0.01%