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Dogecoin Long Liquidations Surge Past $60 Million Amid Market Dip
Dogecoin (DOGE) has seen a significant spike in long liquidations, surpassing $60 million in the past 24 hours as its price fell below the $0.12 mark. Remarkably, Dogecoin's liquidations were on par with those of Bitcoin, which also experienced just over $60 million in liquidations during the same timeframe. Given Bitcoin's much larger trading volume and market capitalization, this marked the most substantial daily liquidation event for Dogecoin since May 2021.
Dogecoin's trading metrics reveal a bearish sentiment among traders. Open interest in Dogecoin futures, representing the number of unsettled futures contracts, has dropped by over 18% to $642 million. Additionally, the long-short ratio for Dogecoin futures is now above 0.9, suggesting that traders are increasingly betting on further price declines. DOGE is down 8.6% in the past week, but has recovered slightly over the past 24 hours and traded up by 3.8%.
Large-cap memecoins in general have been trending downward. Shiba Inu (SHIB) and Pepe (PEPE) both dropped 8.8% over the past week, while leading Solana-based memecoin Dogwifhat (WIF) fell over 16.2%, according to CoinMarketCap data. The broader downtrend in memecoins and altcoins comes on the back of a decline in Bitcoin (BTC) price, which is down 2.88% in the past week.
The broader cryptocurrency market saw over $444 million in liquidations during the same period. According to Coinglass, the bulk of these liquidations, approximately $382 million, were long positions, indicating a widespread market downturn.
#DogecoinCommunity
#Dogcoin $DOGE
Dogecoin (DOGE) has seen a significant spike in long liquidations, surpassing $60 million in the past 24 hours as its price fell below the $0.12 mark. Remarkably, Dogecoin's liquidations were on par with those of Bitcoin, which also experienced just over $60 million in liquidations during the same timeframe. Given Bitcoin's much larger trading volume and market capitalization, this marked the most substantial daily liquidation event for Dogecoin since May 2021.
Dogecoin's trading metrics reveal a bearish sentiment among traders. Open interest in Dogecoin futures, representing the number of unsettled futures contracts, has dropped by over 18% to $642 million. Additionally, the long-short ratio for Dogecoin futures is now above 0.9, suggesting that traders are increasingly betting on further price declines. DOGE is down 8.6% in the past week, but has recovered slightly over the past 24 hours and traded up by 3.8%.
Large-cap memecoins in general have been trending downward. Shiba Inu (SHIB) and Pepe (PEPE) both dropped 8.8% over the past week, while leading Solana-based memecoin Dogwifhat (WIF) fell over 16.2%, according to CoinMarketCap data. The broader downtrend in memecoins and altcoins comes on the back of a decline in Bitcoin (BTC) price, which is down 2.88% in the past week.
The broader cryptocurrency market saw over $444 million in liquidations during the same period. According to Coinglass, the bulk of these liquidations, approximately $382 million, were long positions, indicating a widespread market downturn.
#DogecoinCommunity
#Dogcoin $DOGE
$DOGE very happy coming soon
#Dogcoin holder good news in same day
$BTC $BNB
#Megadrop #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving
#Dogcoin holder good news in same day
$BTC $BNB
#Megadrop #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving
#Dogcoin
Wow! just wow!
An appreciation of 150% in a single day! 😱😱
That's what an initial coin offer (ico) can give you.
So, whether hold tight or give away, it'ss win-win situation.
Cryptocurrency is a world which can make someone a millionaire in an overnight .
Welcome, to the Wonderland.
Wow! just wow!
An appreciation of 150% in a single day! 😱😱
That's what an initial coin offer (ico) can give you.
So, whether hold tight or give away, it'ss win-win situation.
Cryptocurrency is a world which can make someone a millionaire in an overnight .
Welcome, to the Wonderland.
$DOGE
Today is April Fool’s Day, and it seems like $DOGE is having a bit of fun too, pumping with the resistance level at $0.222 and support at $0.205. Keep an eye on the jesting coin!
#Memecoins #Dogcoin #BOME🔥🔥🔥 #WIF🔥
Today is April Fool’s Day, and it seems like $DOGE is having a bit of fun too, pumping with the resistance level at $0.222 and support at $0.205. Keep an eye on the jesting coin!
#Memecoins #Dogcoin #BOME🔥🔥🔥 #WIF🔥
Dogs Vs $BTTC
BTTC total supply is 900 trillions
Vs
Dogs total supply is 100 quadrillions.
1 trillion =1000 billions
1 quadrillions = 1000 trillions
in my opinion ,invest in bttc as much as you can.
#bttc #BTTCtothemoon #Dogcoin #BinanceSquareFamily #BinanceEarnProgram
BTTC total supply is 900 trillions
Vs
Dogs total supply is 100 quadrillions.
1 trillion =1000 billions
1 quadrillions = 1000 trillions
in my opinion ,invest in bttc as much as you can.
#bttc #BTTCtothemoon #Dogcoin #BinanceSquareFamily #BinanceEarnProgram