Dogecoin (DOGE) has experienced liquidation in the last 24 hours, with long-position traders suffering more losses than short position traders. Investors lost over 33 million DOGE, valued at $8.44 million, with long-position traders losing $6.91 million and short position traders losing $1.53 million. This liquidation imbalance also affected other cryptocurrencies like Bitcoin, Ethereum, and Solana. The decline in DOGE's price has impacted traders who were betting long on the coin, highlighting the unpredictability of the cryptocurrency sector. Despite the decline, investors remain optimistic of a price rebound as trading volume has surged by 54.26% to $1.48 billion, indicating increased interest among investors. Experts believe the meme coin will recover soon, as there has been a surge in Open Interest and significant investment committed to a Dogecoin boom.



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