Bear liquidations wiped out $1.57 million in bearish positions within a single hour. The price of DOGE broke through the $0.10 barrier, one of its strongest sessions this month. Despite the rally, technical indicators suggest this was more of a short squeeze than a durable trend reversal. CoinGlass data shows Dogecoin posted double-digit daily gains on February 25 after a massive short liquidation that caught bearish traders off guard.
This move occurred alongside an intraday rebound that pushed the price above $0.10. In just one hour, supply exhaustion and the forced closure of futures contracts fueled the memecoin’s vertical ascent. On Binance, DOGE/USDT reached a daily high of $0.1026, up over 10% in a day after a period of sideways trading between $0.095 and $0.098. The liquidation statistics are striking: longs lost $119,640, while shorts were wiped out by $4.09 million, indicating momentum was driven by forced seller coverage.
This episode underscores the risks of excessive leverage in high-volatility assets. With more than $341 million liquidated across the crypto market, Dogecoin showed how a lack of liquidity and over-leverage can turn a small spark into a financial wildfire.
Leave a Reply