In accordance with Bitjie.com, Dogecoin experienced a dramatic surge in liquidation imbalance, reaching 165,815% within one hour, marking one of the most significant trading events in the history of the meme cryptocurrency. During this period, total losses amounted to $462,340, with long-position traders suffering the most, losing $287,990, compared to $174,350 for short-position traders. The price of Dogecoin dropped to $0.1369, a 1.46% decline, while trading volume fell by 41.14% to $23.6 billion. Following the announcement of a 2x Long Dogecoin ETF by 21Shares, trading volume surged over 40%, with $31 billion flowing into the Dogecoin market.
Dogecoin Faces 165,815% Imbalance in One-Hour Liquidations
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