#DOGE The price Fluctuation of DOGE: may cause losses and opportunities due to the Fluctuation of BTC

Investors trading in the crypto market are facing significant losses, with an increase in the price fluctuation of DOGE. The recent liquidation has attracted attention from investors.
The recent rise in DOGE price, triggered by the rise in BTC, has led to significant forced Close Position of investor positions, highlighting the risks of speculative trading in these Fluctuation markets.
"Shitcoin, along with most coins and tokens, recently experienced a rise with the pump of BTC price," he emphasized the dependency between encryption assets.
DOGE investors experienced significant liquidation when the price Fluctuation increased, resulting in major losses.
The interaction between BTC and DOGE is one of the main factors driving the market trend. On Tuesday, DOGE (Big Dog) rose to nearly $0.42, following the historical peak of BTC value. After a brief pump, the Meme coin quickly fell to around $0.39; this situation once again proved the well-known Fluctuation characteristic of DOGE. These up and down Fluctuations indicate that DOGE can quickly respond to general market trends, especially those driven by BTC.
Investors familiar with the Derivatives market face the harsh reality of liquidation. According to analysis, the value of the big dog futures position was liquidated for about $25.5 million within 24 hours, of which $14.7 million was due to shorts. The term 'REKT' refers to the situation where leveraged bets do not perform as expected and the funds are completely lost. Recent events have highlighted the risks of Margin trading in such a Fluctuation environment.
Obviously, the rise of DOGE is partly due to the influence of high-profile figures like ELON Musk. The CEO of Tesla has stated that he has been a supporter of DOGE as his favorite cryptocurrency since 2019, which has sparked interest in this coin. Musk's humorous comments about cryptocurrency and its potential connection to government efficiency have further increased investors' interest through his 'Department of Government Efficiency (D.O.G.E.)' initiative.
The Fluctuation of BTC prices has a wider impact on the entire cryptocurrency market. For example, after reaching a peak of $94040, the value of BTC fell to about $92338, which also caused changes in the alternative coin industry. The correlation between these assets indicates that investors should be cautious as the Fluctuation of BTC may trigger rapid price changes, especially in Tokens with high Fluctuation, such as Dogecoin.
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