Crypto Liquidations Don Pass $371M As DOGE Pullback Spark Squeeze
Crypto liquidations for global derivatives platforms don jump reach $371 million within 24 hours, with 67% na comot from short positions. Major single-coin liquidations include $15 million BTC short for Binance and $10 million ETH short for Bybit. Smaller altcoins like DOGE, SOL, XRP and ARB get multi-million dollar liquidations after DOGE sharply drop from $0.2129 to $0.1973, wey trigger $594,130 long liquidations and 1,000% imbalance against the bulls. This wave of crypto liquidations force short squeeze wey raise Bitcoin by 2% and Ethereum by 1.8%, while DOGE recover pass $0.20 amid 36% volume jump and whale accumulation. Traders dey expect say volatility go continue as rising funding rates and market depth dey affect momentum. Sustained upside fit depend on institutional participation and key resistance levels, while reversal fit make long liquidations worse.
Bullish
Di news wey combine about wide crypto liquidations wey cause short squeeze wey join push price high, whale accumulation, volume jump, and recovery pass key levels dey show say bullish momentum dey return for BTC, ETH, and DOGE. For short term, forced liquidation and short-covering dey support price spikes, while steady volume and institutional participation still important for long-term uptrend. But, increasing funding rates and possible resistance levels fit cause more wahala or reversal, wey mean say traders need to dey watch market depth and main technical levels well.