Despite improved expectations for July, Dogecoin [DOGE] and its bearish trend persist. At press time, DOGE is trading at $0.1116 after falling 6.72% over the past 24 hours. Earlier today, the meme coin fell to a low of $0.1103. While most assets on the market have hit new all-time highs over the past few months, DOGE has struggled. The asset is currently 84.9% below its all-time high of $0.7376 set on May 8, 2021.

Among them, Dogecoin has more than $4 million in liquidations in a day. According to CoinGlass data, Dogecoin is leading in meme currency liquidations. Even though the $4.92 million in liquidations in a day is lower than Bitcoin [BTC]’s $90.06 million, it is still a noteworthy amount for Dogecoin. At the liquidation threshold, long traders accounted for $4.87 million of the 41,554,054 Dogecoins liquidated so far.

Dogecoin co-founder’s reaction

Dogecoin co-founder Billy Markus, who goes by the name Shibetoshi Nakamoto on X, posted a tweet on Twitter that summed up his current feelings on Bitcoin as it plunged sharply below the $60,000 mark. The Dogecoin co-founder responded to Bitcoin’s sharp drop by saying, “Damn Bitcoin.”

According to Markus’ tweets, he owns 0.006 BTC, and he recently participated in a debate on X about whether it is better to own one Dogecoin or a full Bitcoin. This may come as a surprise to the DOGE community, but Satoshi Nakamoto stated that he would rather own one BTC than one DOGE.

Will DOGE recover this weekend?

According to Changelly, the asset’s price could see a slight increase from current levels. The platform noted that Dogecoin will trade around $0.117331 on Saturday and around $0.11690 on Sunday.