$SCRT /USDT long liquidation occurs when a trader's long position is forcibly closed due to the asset's price dropping to or below a specific level known as the liquidation price. In this case
Liquidation Amount $2,040.1
Liquidation Price $0.55635
This suggests that $2,040.1 worth of SCRT positions were liquidated when the price reached $0.55635 likely due to insufficient margin to maintain the position Such events often occur during periods of high volatility or sharp market declines