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Dogecoin (DOGE) Rockets in Abnormal Liquidations Imbalance by 1,209%
As of today, the market is still reeling from a massive sell-off that started yesterday morning. In the midst of this turmoil, we witnessed an unusual surge in Dogecoin (DOGE) with an abnormal liquidation imbalance reaching as high as 1209%. This event has sparked immense speculation among crypto enthusiasts and traders alike.
At first glance, it seemed like the tide was turning in favor of DOGE bulls. The price surged by over 1.5% within a short period, indicating a significant influx of buying pressure. This rapid increase, however, proved to be short-lived as the market’s sentiment shifted dramatically. A massive sell-off ensued, wiping out most of the gains and leaving investors reeling.
Several factors contributed to this tumultuous sequence of events. The cryptocurrency space has been on edge since yesterday morning due to a confluence of technical indicators that suggested a correction was imminent. It wasn’t long before reality caught up with expectations, leading to an unwinding of positions.
Source: u.today
