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Dogecoin Liquidations Show Market Imbalance as Bulls Surge

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Cryptocurrency News

DOGE,Liquidations,Perpetual Futures

Dogecoin perpetual futures saw a dramatic imbalance in liquidations, with shorts exceeding longs by 400%. This surge follows a 6% price increase in Dogecoin over 24 hours, highlighting a market trend of unexpected price swings. Overall, $201.55 million in liquidations occurred across the market, with a higher proportion of shorts liquidated, indicating risk aversion and potential for future volatility.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The fact is that it is still a thin market with many people enjoying their weekend and not watching digital asset charts. From the other point of view, it is clear that at least right now the vision of most market participants leans toward bull market continuation. After what happened in November, it seems logical many anticipate the same for January as round two.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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