2026-01-07 23:26:01

DOGE futures just witnessed a brutal liquidation cascade. The numbers tell the story: $4.96M wiped out across positions, with longs absorbing nearly $4.92M in losses while shorts barely felt the pain at $42K. Talk about asymmetric carnage. The price action mirrored this chaos—dipping as low as $0.1495 before finding buyers above $0.15. On the technical side, RSI hovering around 65 signals overbought territory, though the MACD remains in bullish territory, hinting at conflicting signals. Chart watchers are spotting a descending triangle pattern forming, which could indicate consolidation ahead or a potential breakdown. The leverage flush suggests capitulation from aggressive long holders, leaving the question: is this a relief bounce or the start of something bigger?

DOGE-1,48%

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MidnightGenesis

· 01-07 23:56

On-chain data shows just how brutal it is... 4.96M directly evaporated, with the bulls bearing 96% of the loss, the ratio is extremely skewed. Worth noting is the bottom at 0.1495, which looks like someone is deliberately supporting the price. RSI at 65 is indeed overbought, but the MACD is still bullish, and I need to keep monitoring this conflicting signal. If the descending triangle breaks... well, based on past experience, this kind of pattern usually leads to a sideways move in the next step. The interesting part is this wave of liquidations, which feels like the main players are clearing out their positions, or is it just a risk splash? If history repeats, we should have an answer within the next 24 hours.

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GasFeeSobber

· 01-07 23:43

Haha, it's those leverage guys again creating a bloodbath, 4.92M in longs just got liquidated, shorts are making a killing.

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CodeAuditQueen

· 01-07 23:41

This wave of long liquidation logic is as disgusting as reentrancy attacks, with liquidity pools being drained directly. --- The conflicting signals of RSI 65 and MACD remind me of the contradictory contract logic during audits—someone always tries to cut corners. --- $4.92M long liquidation massacre, leveraged liquidation is like unchecked_transfer() without inspection, risk overflow. --- Before the descending triangle closes, don't take sides. This pattern is like some vulnerabilities—looks clear on the surface but may actually be a honeypot. --- Want to see the audit report? This chart looks like it needs a security assessment. --- Longs are being wiped out like a slaughterhouse, while shorts only lose a strand of hair. This inequality is more distorted than gas optimization.

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