This indicates a short position in Solana $SOL was liquidated due to a price increase. Here’s what this means:
The short position in $SOL was valued at $62.5K.
The liquidation price was $202.79.
A short position is a bet that the price will decrease but as SOL's price rose to $202.79, the position was liquidated to prevent further losses. The exchange automatically closed the position XX as the trader’s margin was insufficient to cover the losses from the price increase.
