Dogecoin Short Sellers Take Huge Losses Amid 123% Liquidation Imbalance

A significant liquidation imbalance recently impacted Dogecoin (DOGE) traders, resulting in a massive loss for short sellers. CoinGlass data shows that $3.61 million worth of DOGE was wiped out within the past 24 hours alone. This sudden downturn stems from the coin’s price volatility. Despite recent gains and bullish sentiment, long position traders were heavily impacted by this plunge, losing a total of $2.89 million. 123% liquidation imbalance on the market means that those holding long positions suffered the brunt of the losses,