$33 Million In Dogecoin Shorts Liquidated As Price Shoots

Dogecoin witnessed a significant growth trend in 2021. This remarkable feat connects to the influence of Tesla’s CEO and billionaire, Elon Musk. The billionaire has remained a prominent proponent for Dogecoin, and his position could either increase or decrease its price movement. Most crypto assets took to the south during the recent bearish trend in the crypto market. This brought considerable losses in value for most of them. In addition, Dogecoin, the largest and leading meme cryptocurrency, also recorded a downward movement. Related Reading: Dogecoin (DOGE) Price Manipulated By Whales? A Look Off And On-Chain But the recent positive progress in the crypto market is pushing the assets north. For Dogecoin, the asset has finally broken its strong resistance at $0.135 as the price jumped by more than 110%. The new price surge from DOGE is linked to Elon Musk Twitter deal of almost $44 billion. Dogecoin Records Largest Liquidated Positions In Short Calls Data on the overall crypto liquidations in the market sat at $261 million over the past 24 hours. The record indicated that about 110.99k traders are affected in their force liquidation saga. Following Dogecoin’s recent price jump, the token got the most considerable value of liquated coin positions. Details showed that over $61 million were liquidated from Dogecoin over the past 24 hours. But more than 54% of the value, representing about $33.11 million, of the liq...