This means that $42,800 worth of short positions on Dogecoin $DOGE were liquidated when the price hit $0.198.
In other words as the price rose to this level traders who had bet on DOGE’s price falling short sellers experienced losses.
Since they didn’t have enough funds to cover these losses their positions were automatically closed or liquidated.
This likely contributed to upward price pressure as shorts were forced to exit at the higher price.
