Long positions on Dogecoin were massively liquidated during the latest crypto market selloff, with a 1,453% imbalance against them. A total of $7.82 million in positions were liquidated, including $7.32 million on the long side against only $503,630 on the short side. DOGE price fell to $0.0873, down 1.26% over 24 hours and 7.26% over the week, dropping below its 50 and 200-day moving averages. One trader pocketed $224,000 in gains on a short position of 48.37 million DOGE, while a transfer of 304.7 million DOGE, worth $27 million, was made to Binance, intensifying selling pressure.
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