CandleFocus Dogecoin (DOGE) Rockets in Abnormal Liquidations Imbalance by 1,209%
2024-12-18
Author: Content Editor
Anomalous activity has been detected in Dogecoin (DOGE) trading, with a significant number of long positions being liquidated. In the last 24 hours, $13.88 million worth of DOGE positions were liquidated, making it one of the largest assets in terms of liquidations. The main reason behind this is inexperienced or overleveraged traders failing to properly assess risk and receiving margin call notices. The price of DOGE has been trading in a way that suggested a potential pump, but a sell-off at the start of today's trading dashed hopes and led to further liquidations. The duration and impact of this trend remain uncertain.
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