The volume of cryptocurrency position liquidations on the derivatives market in the past 24 hours exceeded $111.44 million. Interestingly, the majority of liquidations were seen in Dogecoin (DOGE), with $5.91 million liquidated. Long positions accounted for $1.25 million of this, while the rest were short positions. This suggests that bears, who expected DOGE's price to fall, had significantly higher liquidations than bulls. Despite a decline in the cryptocurrency market, DOGE not only recovered but also experienced a 15.62% growth. The overall liquidation layout in the market is now uncertain, except for DOGE, where bulls have gained an advantage.



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