Dogecoin (DOGE) Experiences Abnormal Liquidation Imbalance... 'Long Position Accounts for 92.36%'
JH Kim
Summary
- Dogecoin (DOGE) reported that the liquidation proportion of long positions reached 92.36%.
- It was revealed that the liquidation volume of long positions over the past 24 hours was 1209% more than the total of short positions.
- It was added that latecomers or over-leveraged traders received margin calls due to improper risk assessment.
According to the cryptocurrency specialist media UToday on the 18th (local time), an abnormal liquidation imbalance has occurred in Dogecoin (DOGE).
The liquidated Dogecoin positions over the past 24 hours amounted to $13.88 million, which is not significant considering the entire cryptocurrency market size of $420 million.
The media stated, "The issue is not the scale of the liquidation. The problem is that 92.36% of the liquidated volume over the past 24 hours was long positions," explaining, "In numerical terms, the amount of liquidated longs is 1209% more than the total of shorts."
It added, "Latecomers or over-leveraged traders have received margin call notifications from exchanges due to improper risk assessment."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
