Dogecoin bleeds 14% in June with $132 mln in unrealized losses – What now?
2025-07-01 07:40:49
Main Idea
Dogecoin (DOGE) experienced significant losses in June, with traders facing $132 million in unrealized losses and short volumes dominating, while indicators suggest potential further price declines.
Key Points
1. DOGE traders held $132.2 million in unrealized losses compared to only $5 million in profits, a 26:1 ratio of losing to winning trades.
2. Short volumes dominated with 51.97% of trades coming from shorts, and the Long/Short Ratio fell to 0.92.
3. Liquidity Heatmap analysis indicated potential price corrections, with DOGE possibly testing $0.162 or sliding to $0.159.
4. Despite bullish accumulation of $5.5 million on June 30, overall bullish momentum has been declining since peaking at $105 million on June 9.
5. Waning investor interest in DOGE suggests potential further declines in upcoming trading sessions.
Description
DOGE short traders continue to hold their positions despite accumulating significant unrealized losses.
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