Dogecoin put the derivatives markets under pressure in record time. In four hours, traders in long positions saw over $590,000 disappear, caught by a 1,000% imbalance in liquidations.
The asset, driven by a lightning-fast rally before falling again, exposed the prevailing nervousness and the vulnerability of speculative positions.
This sequence illustrates how unpredictable Dogecoin remains, even for the most experienced traders.
Despite this drop, the price of DOGE surpassed the $0.20 threshold again, with a 1.45% increase in 24 hours.