#USCryptoWeek
Crypto: Dogecoin plummets and wipes out long positions.✨✨✨✨✨
$DOGE 💥💥💥
#BTCBreaksATH Dogecoin put derivative 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 surge before falling again, exposed the prevailing nervousness and vulnerability of speculative positions. This sequence illustrates how unpredictable Dogecoin remains, even for the most experienced traders.
🔸In brief.
🐶 Dogecoin experienced a rapid rise to $0.2129, followed by a sharp drop to $0.1973 in just a few hours.
🐶 This sudden correction triggered nearly $594,130 in long position liquidations.
🐶 A massive 1,000% imbalance was observed between long and short liquidations in just 4 hours.
🐶 Despite this drop, the price of DOGE surpassed the $0.20 threshold again, with a 1.45% increase in 24 hours.
A wave of liquidations triggered by a brutal correction.
While Dogecoin's volume had exploded to $1 billion, the cryptocurrency surprised the market with a sudden correction that caught many bullish investors in a context of high volatility. As the asset's price reached a local maximum of $0.2129, a rapid drop briefly took it down to $0.1973, triggering a series of cascading liquidations.
