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Dogecoin longs face 1,453% liquidation skew amid market selloff, losing $7.32M as price drops below key averages.

Market News
08 Oct 2026
UToday
View Source
Bearish
Dogecoin longs face 1,453% liquidation skew amid market selloff, losing $7.32M as price drops below key averages.

Dogecoin experienced a sharp selloff causing a massive liquidation imbalance heavily skewed towards long positions, which lost $7.32 million compared to $503,630 in shorts. The liquidation ratio of longs to shorts reached 1,453%, reflecting leveraged bullish traders caught off guard by the price decline. Dogecoin's price fell below its 50 and 200-day moving averages, hitting a low of $0.0855, continuing a downtrend that saw a 7.26% weekly drop. Meanwhile, short sellers profited, with one trader gaining $224,000 on a 20x short position. This selloff highlights the risks of leveraged bullish bets in volatile crypto markets and suggests cautious trading ahead.

Dogecoin trades at Rp1,543 on Pluang, down 2.28% as of Oct 08, 2026 22:13 WIB, reflecting ongoing volatility. The platform shows a market cap of Rp244.62 trillion and a 24-hour trading volume of Rp18.75 trillion. Sell orders dominate with 60% of activity, indicating cautious sentiment among Pluang users amid recent price drops.

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