Crypto Liquidations Cross $2.22 Billion, Here’s How Much Dogecoin Traders Lost
The cryptocurrency market has seen a significant decline, with a total market cap dropping by approximately 11% to $3 trillion, the lowest since November 15, 2024. Over $2.22 billion in liquidations occurred within 24 hours, affecting multiple assets. Dogecoin traders faced losses exceeding $82 million, primarily from long positions, totaling $69.32 million. Short sellers also experienced $13.35 million in liquidations due to brief price spikes. Bitcoin's decline below $100,000 triggered a broader sell-off, resulting in over $406.96 million in liquidated positions, with $341.36 million from long trades. Ethereum traders suffered the most, with $601 million in liquidations. Dogecoin is currently trading at $0.235, down 22.5% in the past day.
