Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge
Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours. Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw minimal....
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The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week. Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518....
Dogwifhat, the once-high-flying Solana-based meme coin, suffered a brutal week, mirroring a broader crypto market correction and raising questions about the sustainability of the meme coin craze. Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge Meme Coin Mania Meets Market Mayhem WIF, the token powering Dogwifhat, saw its price plummet 15% in just 24 hours. This dramatic drop erased all the gains from a recent rebound rally. The sell-off wasn’t isolated to Dogwifhat; the entire crypto market experienced a double-digit tumble, with major altcoins....
The largest single Bitcoin liquidation order was valued at an impressive $9.98 million and occurred on the BTCUSDT trading pair when this article was written. In the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. Data from CoinGlass shows that Bitcoin (BTC) shorts experienced liquidations totaling $177.15 million, […]
Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that the global crypto market will reach a market capitalization of $100 trillion. The financial expert has maintained a strong bullish position for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market capitalization. Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge Crypto Market To Hit $100 Trillion Market Cap In a recent YouTube interview on the Blockworks Macro channel, Pal predicted that....