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If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 The leading market meme coin Dogecoin (DOGE) experienced an unusual liquidation on November 6, 2025. Specifically, the liquidation imbalance between short and long holders of DOGE reached 12,129% in the past hour. Dogecoin long positions crushed According to data from CoinGlass, the total liquidation amount of Dogecoin (DOGE) reached $244,110 in the past hour. Of this amount, $242,130 came from long traders, while short traders only lost $1,980. This means that longs were liquidated for 12,129% more than shorts. In just one hour, the price of Dogecoin fluctuated wildly, resulting in a one-hour forced liquidation.  All leverage holders who were long DOGE were hit hard, while short sellers were barely affected at all. Too many people are over-leveraged and betting that Dogecoin may rebound. However, the shorts profited, and the decline verified the shorts' judgment. . Large liquidations tend to occur below current prices. Therefore, if the price of Dogecoin continues to fall, a new wave of long positions will be sold off and the price will fall further. However, this could mean a price reversal. Sometimes, when almost all long positions have been wiped out, there is no one left to sell, causing the price to rebound. In the cryptocurrency futures trading market, traders borrow funds and make large bets on the direction of the price - longs bet that the price will rise and lose money if it falls. In contrast, short sellers bet that prices will fall and therefore lose money if prices rise. If the price goes too far against them, the exchange will force the position to close, resulting in liquidation. Dogecoin Price Still Below Expectations At press time, Dogecoin was facing strong downward pressure. The price of this “meme coin” is currently hovering around $0.1629, down 0.55% in the past 24 hours. Dogecoin trading volume also fell by 57.44% to $1.9 billion, indicating reduced market activity. According to technical analysis, Dogecoin (DOGE) is holding a descending resistance line in a descending triangle pattern. The market expects the price to temporarily rebound to around $0.17 before falling again to between $0.14 and $0.13. Therefore, unless the price breaks $0.18, momentum will remain bearish. The formation of a death cross on the Dogecoin price chart further strengthens the bearish outlook. A death cross pattern occurs when the 50-day moving average crosses downward from the 200-day moving average. Judging from historical data, this pattern usually indicates a continued downward trend for crypto assets. Meanwhile, on-chain analyst Ali Martinez revealed that the Dogecoin chart is within a longer channel, which indicates that it will see a 40% retracement. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 |
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