Doge coin experiences unusual liquidation imbalance... 92.36% long positions
An unusual liquidation imbalance has occurred in Dogecoin (DOGE), according to Yutoday. As of the last 24 hours, the liquidated Dogecoin positions amounted to $13.88 million, which is not much considering the overall cryptocurrency market size ($4.02 billion). “The problem is not the size of the liquidations. The problem is that 92.36% of the liquidated volume in the last 24 hours was long positions. To put it in numbers, the amount of longs liquidated is 1,209% more than the total amount of shorts.” ”The reason is, as always, simple. “The reason is simple as always: latecomers or overleveraged traders failed to properly assess their risk and received a margin call from the exchange.
