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Dogecoin (DOGE) Rockets in Abnormal Liquidations Imbalance by 1,209%
In a shocking turn of events, the price of Dogecoin (DOGE) has experienced an unprecedented surge in liquidations imbalance, reaching an astonishing 1,209%. This abnormal behavior has sent shockwaves throughout the crypto community, leaving many investors scrambling to make sense of this sudden and unexpected move.
According to our analysis, DOGE’s rapid ascent was fueled by a perfect storm of market conditions, including a simultaneous all-time high in Dogecoin trading volume. As a result, the cryptocurrency saw a surge in buying pressure that drove the price up sharply.
It is worth noting that this abnormal imbalance occurred at the same time as the overall crypto market experienced a significant sell-off. In response to this unexpected event, DOGE’s price spiked upwards by 1.5%. Unfortunately, this upward momentum was short-lived and led to further liquidations of long positions.
Source: u.today
