Dogecoin Leads Losses Among Majors as Profit-Taking Grips Crypto Market
2025-07-15 06:07:37
Main Idea
A wave of profit-taking and risk-off trading led to significant liquidations in the crypto market, with Dogecoin being the worst-performing major cryptocurrency.
Key Points
1. Long liquidations crossed $450 million in the past 24 hours, with a single Bitcoin-tracked trade losing nearly $100 million.
2. Total liquidations reached $675.8 million, marking one of the heaviest wipeouts since April.
3. Dogecoin (DOGE) was the worst-performing major cryptocurrency, dropping over 7.6%, while BTC and ETH fell 3.1% and 2.6%, respectively.
4. The largest single liquidation was a $98.1 million BTC/USDT long on Binance.
5. Analysts noted cautious optimism in options data, with short-dated implied volatility ticking higher but remaining below 2023 averages.
Description
A wave of profit-taking and risk-off trading ripped through crypto markets late Monday, with long traders being liquidated for over $406 million in 24 hours. Another $269 million came from short-side losses, taking the total liquidation figure to $675.8 million, marking one of the heaviest wipeouts since April. The heaviest blow landed on bitcoin (BTC) longs, which saw over $333 million in forced closures, followed by ether (ETH) at $113 million and XRP at $36 million. Solana’s SOL and dogecoin ...
Latest News
- ICP Slides 3% But Caffeine Launch Sparks Rebound2025-07-15 17:02:37
- Bitwise Adds Proof of Reserves for Bitcoin, Ether ETFs2025-07-15 16:32:35
- NEAR Protocol Suffers 3% Decline Before Recovering on Significant Volume2025-07-15 16:32:20
- Why ‘ETH Is Going to $10,000,' Explains EMJ Capital Founder and President2025-07-15 16:32:04
- BNB Slips Nearly 2% as Traders Cash Out After Run Higher2025-07-15 16:31:44