Yesterday’s crypto surge? Vanished. Top cryptocurrencies are back in the red, erasing recent gains in a swift and brutal market reversal.
This negative trend has greatly impacted Dogecoin’s liquidation for long positions, as projected in Coinglass’s latest data.
Dogecoin longs just got rekt. A staggering $1.85 million vanished in the last 4 hours as Dogecoin’s price took a wild ride. Bulls hoping for a moonshot got burned, with long positions getting liquidated harder than shorts.
DOGE liquidation flips against bulls
Dogecoin suffered a flash flood of liquidations, a brutal, hours-long event that saw bear traders feasting on a staggering 3,444% imbalance.
Dogecoin’s wild ride left a trail of tears for bullish investors, with a staggering $1.85 million wiped out in liquidations. Bears, however, barely felt a scratch, losing a paltry $52,750. It’s a brutal reminder that in the high-stakes game of crypto, betting on the dog can sometimes lead to a kennel of despair, with longs absorbing a $1.8 million mauling.
DOGE investors who chased the hype train got spectacularly wrecked in just four hours. Bullish dreams evaporated as the meme coin plunged, leaving leveraged traders liquidated and licking their wounds.
DOGE holders just experienced a bloodbath. Long positions were decimated, outpacing short liquidations by a staggering 3,444%. This extreme imbalance has sent shockwaves through the DOGE community, crushing bullish sentiment and exposing the meme coin’s vulnerability to wild market swings. Is this the end of DOGE’s reign, or just a painful lesson in crypto’s chaotic reality?
DOGE slumps 4%
Dogecoin howled yesterday, its price leaping to a triumphant $0.167, injecting a shot of pure adrenaline into investor veins. The pack’s confidence is sky-high, fueled by fervent dreams of a rally that won’t quit.
DOGE traders, riding high on the bull market, doubled down with long positions, convinced the party wouldn’t stop. Reality bit hard. When the DOGE price tanked, a tidal wave of liquidations wiped out millions, leaving a trail of shattered dreams.
Dogecoin’s tail is between its legs, whimpering a 4% loss in the last 24 hours. Once the meme king, DOGE now languishes at $0.158, a stark reminder that even digital dog years can be brutal. The market’s mood has soured, and Doge is feeling the bite.
Dogecoin’s price nosedive has unleashed the bears, turning the 4-hour liquidation trend into a feeding frenzy. Traders are bracing for a rough ride as the new month begins under a storm cloud of bearish pressure.
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