๐๐ข๐๐ ๐ง๐ฅ๐๐ฃ๐ฃ๐๐ ๐ง๐ฅ๐๐๐๐ฅ๐ฆ ๐๐๐๐๐ก โ ๐ ๐๐ฅ๐๐๐ง ๐ฃ๐จ๐๐๐๐๐๐ ๐ช๐๐ฃ๐๐ฆ ๐ข๐จ๐ง ๐๐ข๐ก๐๐ฆ
Over 514% more longs liquidated than shorts in a brutal 24h wipeout
๐ป What Just Happened?
In the last 24 hours, Dogecoin (DOGE) long traders got hit hard.
โก๏ธ $6.33 million worth of long positions were liquidated, according to CoinGlass.
โก๏ธ This means traders who were betting DOGE would rise got their positions forcefully closed โ because price dropped instead.
Meanwhile, only $1.03 million in short trades (bets that DOGE would fall) were liquidated. Thatโs a 514% imbalance โ meaning long traders were much more exposed and wrong-footed.
๐ DOGE Price & Market Reactions
Current price: $0.16749, down 2.90% in the last 24h
However, trading volume is up 28.23% to $1.25B, showing many are still actively buying the dip
Some investors might see this as a discount opportunity, while others fear more downside if volatility continues.
๐ Whale Moves & Hidden Signals
Recently, DOGE whales (large holders) moved over $23B worth of DOGE in 24h
Itโs unclear if theyโre buying or distributing, but the big moves could signal major positioning happening quietly
๐ DOGE Drops Behind Tron (TRX)
Dogecoin has lost its #8 spot by market cap to Tron (TRX) after falling behind by $580 million in value. Thatโs a sign of weak growth and growing competition among top altcoins.
๐ง What This Means for Traders:
โ Donโt blindly chase pumps โ always watch for volatility traps
โ Keep position sizes manageable โ liquidations like this can wreck accounts
โ Watch Bitcoinโs movement โ a BTC rebound could still drag DOGE up with it
๐ก๏ธ Bottom Line:
The DOGE market just showed how quickly bullish sentiment can flip. With whales active, volume rising, and rankings shifting, itโs a reminder that in meme coin land โ fast moves = fast risks.
