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Dogecoin (DOGE) Long Traders Stunned as Liquidation Hits $11 Million
Despite DOGE’s recent price consolidation, long traders in the cryptocurrency have been left stunned after liquidation reached a staggering $11 million.
Uncertain price outlook Meanwhile, as reported by U.Today, Dogecoin whales recently acquired 270 million DOGE valued at $89.64 million. The whales took advantage of the latest price dip and might have purchased as the coin continued consolidating. The whales have acquired anticipation of a possible bullish price rebound.
The price outlook remains uncertain for DOGE to chart a massively bullish uptrend. When asked about possible price peaks recently, Billy Markus, Dogecoin’s creator, gave no solid clue . Traders and investors alike will have to watch the market dynamics and flow with the unpredictability of the crypto space.
This unexpected liquidation has left many traders wondering what could be driving this sudden downturn in DOGE’s long positions. Despite the current uncertainty, many experts believe that this sudden sell-off may not necessarily signal a bearish trend for DOGE.
In related news, Dogecoin surpassed $1 billion on this date seven years ago: details
Source: u.today
