The article highlights the continued market turbulence impacting Dogecoin and other altcoins. Dogecoin's price has dropped by 5.85% in 24 hours, leading to a significant imbalance in liquidations, primarily affecting long traders. Dogecoin has seen over $23.65 million in liquidations, with $19.13 million from long traders and $4.52 million from short traders. The article mentions that Dogecoin's volatility often leads to this liquidation imbalance. Despite optimism in the long-term market, Dogecoin's price has consistently moved against it, with a drop of 20.5% in the past week and a 46% decline year-to-date. The limited whale activity suggests cautiousness in the broader market. However, there are some catalysts that could fuel Dogecoin's price rebound, including its correlation with Bitcoin and the potential approval of a Dogecoin ETF, which asset managers like Grayscale and Bitwise are supporting. Overall, long traders remain optimistic about Dogecoin's future rally beyond the current sell-off.



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