Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge

Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours.
Long Positions Liquidated
According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw