DOGE is down 6.1%, but a short squeeze came first in the near term: short liquidations totaled $8,578 over the past hour, while longs saw just $81. Short sellers got wiped out first.
Binance and OKX are both trading at around $0.0590, with a 24-hour low of about $0.0554. Looking at the bigger picture, DOGE saw $29.697 million in liquidations over 24 hours, with longs accounting for 95.3%—on the broader scale, longs are still hurting more.
A 1-hour short squeeze doesn’t mean a reversal. First, watch whether short liquidations continue to grow. Do you think DOGE will recover first or keep probing lower?
$DOGE $BTC
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