Dogecoin Price Slips, Fueling Unusual 25,341% Liquidation Imbalance

Key Points

1. Dogecoin's price declined by 8.55% in the last seven days and over 3% in the last 24 hours, dropping to $0.2007.

2. Futures short position traders saw a 25,341% liquidation imbalance against long position traders, with $106,770 wiped out for short traders.

3. Long position traders recorded a slight loss of $419 within the same hour, bringing total liquidation to $107,190.

4. Trading volume dipped by 13.07% to $1.51 billion amid the price decline.

5. Over one billion DOGE flowed into whale wallets during the price dip in the last 48 hours.