It looks like you're referring to a long liquidation on Solana (SOL) with a liquidation value of $1.59K at a price of $198.76. Liquidations occur when traders who have taken a long position are forced to sell off their assets because the price drops to a level that no longer supports their position.

In this case, it seems like traders who had opened long positions on SOL were liquidated when the price of Solana hit $198.76, leading to a total liquidation value of $1.59K.

Is there more information you're looking for about this liquidation event or about Solana in general?

$SOL $BTC $BNB #SolanaUSTD #PolkadotETF #BTCHovers100k #USBitcoinReserves #AICrashOrComeback

BNB
BNBUSDT
843.63
-3.44%

BTC
BTCUSDT
86,136.4
-1.54%

SOL
SOLUSDT
123.43
-3.87%