๐จ $DOGE
JUST SURGED 15% โ BUT CAN IT KEEP GOING? ๐๐ฅ
Dogecoin jumped above $0.10 as $BTC
held above $85K, fueled by a massive market-wide short squeeze.
Over $1B in crypto positions were reportedly liquidated within 24 hours, with roughly 82% coming from shorts. Yet DOGE accounted for only about $12.66M of those liquidations.
That suggests DOGEโs move wasnโt driven entirely by forced short covering. Meme coins often show higher beta when leverage gets flushed from the market.
But liquidations have now cooled sharply, falling from over $300M per hour to below $11M.
๐ฅ The next move may depend on real spot demand.
Can DOGE continue higher without forced buying?
#DOGE #Bitcoin #Crypto #Memecoins #Binance
JUST SURGED 15% โ BUT CAN IT KEEP GOING? ๐๐ฅ
Dogecoin jumped above $0.10 as $BTC
held above $85K, fueled by a massive market-wide short squeeze.
Over $1B in crypto positions were reportedly liquidated within 24 hours, with roughly 82% coming from shorts. Yet DOGE accounted for only about $12.66M of those liquidations.
That suggests DOGEโs move wasnโt driven entirely by forced short covering. Meme coins often show higher beta when leverage gets flushed from the market.
But liquidations have now cooled sharply, falling from over $300M per hour to below $11M.
๐ฅ The next move may depend on real spot demand.
Can DOGE continue higher without forced buying?
#DOGE #Bitcoin #Crypto #Memecoins #Binance
