$APE /USDT short liquidation involved $4.5143K being liquidated at a price of
$1.2774. This indicates that short positions were forced to close due to the price moving against them likely rising to the point where their margin was insufficient. Liquidations of short positions typically lead to upward price pressure, as the buying to cover those positions increases demand
If you're tracking this for trading it could be a signal of increased volatility or potential trend reversal in the market
Let me know if you'd like further insights