Dogecoin Faces 1,453% Liquidation Tilt as Market Selloff Takes Toll on Bulls
Photo: U.Today
Dogecoin (DOGE ) bulls are feeling some pain as the latest market selloff has seen a sharp imbalance in liquidations, with long positions facing significantly heavier losses than shorts. According to CoinGlass, liquidations are skewed toward longs by 1,453%, showing how much leveraged bullish bets have been caught on the wrong side of the market move. CoinGlass data shows a total of $7.82 million worth of Dogecoin positions liquidated. Long positions were dominant, with $7.32 million against shorts of $503,630. The percentage imbalance between longs and shorts yields 1,453%.
Source: U.Today
