DOGE longs suffered $60 million in liquidation, the largest loss since 2021

DOGE experienced its largest liquidation since 2021 in recent market fluctuations, resulting in a total liquidation amount of $60 million for long positions. According to Coinanlyze data, almost all DOGE liquidation activity in the past 24 hours came from long positions, with only short positions worth about $600,000, which bet on the token's decline, being liquidated. In addition, in the past 24 hours, major tokens fell by 10%, and a total of $440 million in cryptocurrency long positions were liquidated.