Dogecoin Outshines Bitcoin With 23,354% Hourly Liquidation Imbalance
The post Dogecoin Outshines Bitcoin With 23,354% Hourly Liquidation Imbalance appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) has posted more liquidation than Bitcoin (BTC) in the last 60 minutes, as it spiked by 23,354% within this time frame. The meme coin’s liquidation imbalance dwarfs that of Bitcoin within the same period on the cryptocurrency market. Dogecoin bulls lose over $2 million as market hype fades CoinGlass data reveals that Dogecoin bulls were wiped out of $2.05 million out of the total loss of $2,058,740. The liquidation occurred as DOGE nose-dived after the broader crypto market fell by 2.67% following Bitcoin’s inability to flip the $94,000 resistance level. Bitcoin’s price stall negatively impacted altcoins, and this triggered massive liquidation for Dogecoin. As the price dropped, Dogecoin traders went for profit, further increasing the sell-off and liquidation pattern. Dogecoin quickly dropped from a peak of $0.1485 to its current level. As of this writing, Dogecoin is changing hands at $0.1398, which represents a 5.42% decrease in the last 24 hours. The development has affected traders’ sentiments. Currently, trading volume has dropped by 25.43% to $1.66 billion as bearish sentiments grow in the ecosystem. The memecoin’s price has reversed previous weekly gains of 15.67%. Prior to the sharp decline, Dogecoin was selling near the $0.16 resistance. You Might Also Like Meanwhile, short traders suffered a mild loss of $8,740 when DOGE slipped briefly to $0.1393. Dogecoin’s recovery might depend on Bitcoin’s next move and the memecoin’s ability to hold the $0.135 support. Any further slips might delay the leading memecoin’s rebound move in the market. Golden Cross Hopes Fade as DOGE Eyes $0.135 Support Notably, Dogecoin kicked off 2026 with a golden cross setup and spike in volume. The bullish signal had raised hopes of DOGE’s move to $0.2. However, those gains have been eliminated by the current liquidation development and declining volume. It is likely that for Dogecoin to…
Filed under: News - @ January 8, 2026 6:19 pm