Bottom line: $762,000 in DOGE positions were liquidated in the past hour, 99.3% of them longs. Those who chased the rally got wiped out first, but open interest hasn't fallen yet.
DOGE is currently at 0.09484, up about 0.5% over 24 hours. Its current price is 0.09484 on both Binance and OKX, with a high of around 0.0976 and a low of around 0.0938. The price has barely moved, but leverage has already shifted.
$2.59 million liquidated in 24 hours, with shorts accounting for 56%, suggesting that those who chased the drop earlier were also squeezed. Total open interest is $1.279 billion, up 0.61% on the day; however, Binance open interest fell 4.57% over the past 4 hours, as short-term positions are changing hands.
$DOGE $BTC
Longs have been getting flushed out for over an hour. Do you think this DOGE move is shaking out leveraged positions, or will it keep grinding?
View in real time: https://www.coinboss.com/currencies/DOGE