At this point, in the red! (4)

I believe the answer is:

here

'at this point' is the definition.
(here means in this place)

'in the red' is the wordplay.
'in' indicates the answer is hidden within the clue.
'HERE' is hidden in the letters of 'the red'.

(Other definitions for here that I've seen before include "In this place - present" , "final clue?" , "In attendance" , ""___ be dragons" (old map inscription?)" , "Present; I say!" .)

I've seen this clue in The Telegraph.

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