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Title: 20,168,692 Dogecoin (DOGE) Liquidated in 24 Hours, What Happened?
As the price of Bitcoin surged, many anticipated a synchronized movement in the altcoin market. However, despite Bitcoin’s appreciable climb in the last 24 hours, DOGE has stubbornly refused to break past the $0.408 resistance level.
Instead of mirroring the impressive growth exhibited by its peers, Dogecoin adopted a high-liquidation pattern, with an astonishing 20,168,692 DOGE liquidated within this short period.
Notably, Ethereum witnessed the largest liquidation among altcoins, with $46.72 million worth of ETH being lost in a single day. Meanwhile, long-position traders suffered losses amounting to $28.05 million, while short traders saw their positions wipe out by $18.67 million.
This unprecedented surge in liquidations is particularly noteworthy considering the significant volatility seen in recent times within the cryptocurrency market. It remains crucial for DOGE investors and enthusiasts alike to remain vigilant, monitor the situation closely, and stay abreast of any developments that may impact the value of their DOGE investments.
Stay tuned for more updates on this story as it unfolds.
**Author: Godfrey Benjamin**
Original Article:
Important Call Issued to Dogecoin Node Operators, Here’s Why
Source: u.today
