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**81% of Binance Traders Bullish on Dogecoin: Next Big DOGE Move?**
Most recently, we have seen an influx of short positions getting liquidated in the DOGE perpetual futures market. In fact, a staggering 81% of traders at Binance were found to be bullish on Dogecoin (DOGE). This shift in sentiment could potentially mark the beginning of a new upward trend for DOGE.
Interestingly, it appears that most traders who bet against Dogecoin’s price action got caught on the wrong side of the market. Fewer than half of the closed DOGE perpetual futures positions were long, suggesting that a significant number of short sellers are now facing losses.
This dramatic shift in sentiment could potentially signal a turning point for DOGE. It is essential to keep an eye on future market developments and see if this newfound optimism translates into actual price action.
U.Today
Source: u.today
