Dogecoin (DOGE) Longs Absorb $7.32 Million of a $7.82 Million Liquidation Wave

Forced Closures Cluster on Longs

A fourth consecutive session of selling pushed leveraged Dogecoin (DOGE) bulls over the edge on Thursday, setting off a liquidation wave that landed almost entirely on long positions. CoinGlass data records $7.82 million in forced closures across Dogecoin trades over the past 24 hours, with $7.32 million from longs against just $503,630 from shorts, a 1,453% skew in favor of the bears. The Dogecoin price stood near $0.0819 at the time of writing; when the session figures were compiled, the coin was down 1.26% in 24 hours at $0.0873 and 7.26% on the week, and both losses have since deepened.

The slide is four days old. Bulls stalled at the October 4 high near $0.097, and the coin drifted lower from Monday onward, with Wednesday the worst leg as Dogecoin closed down 5.41%. Traders positioned for a rebound, none arrived, and selling carried into Thursday's early hours, pushing the price through the 50-day moving average at $0.0892 and the 200-day at $0.087 to touch $0.0855. That left the coin below the moving-average support it had defended as recently as last week. A liquidation closes a leveraged position automatically once its collateral can no longer cover losses, and closures cluster in cascades: forced selling from closed longs adds supply, which pushes the price lower and sets off the next round. CoinGlass aggregates feeds across venues, so the total captures exchange-wide closures rather than a single order book. Desks tracking the wider altcoin market attribute the drop to a general crypto pullback rather than any Dogecoin-specific development; no coin-specific trigger has been identified.

Trader 0xdd6a Books $586,000

The same decline paid the other side of the book. Lookonchain's on-chain reporting shows a trader tagged 0xdd6a holding 20x margin trading shorts on Bitcoin, Ethereum, Solana, XRP and Dogecoin (DOGE) through Aster, a perpetuals venue, with the combined book sized at $26.5 million and carrying $586,000 in unrealized profit as of Thursday. Unrealized profit is the gain displayed on an open position before it is closed, and it moves with every tick. At 20x leverage the collateral behind the book is a fraction of that notional, which magnifies both gains and risk. The Dogecoin leg, 48.37 million DOGE worth $4.24 million, produced roughly $224,000 of the gain on its own, close to half the book's profit. The short book spans five major assets, which reads less as a single-coin bet than as a broad downturn trade, and nothing in the on-chain record ties the 0xdd6a label to a known fund or exchange.

Transfer flows point the same direction. Whale Alert logged 304,709,765 DOGE, valued at $27,045,644, moving from an unknown wallet to Binance while the selling pressure persisted, and the transaction is visible on the public ledger. Deposits of that size into a major exchange are conventionally read as a possible intent to sell, although the wallet's owner and purpose remain undisclosed. The shorts were still open at the time of reporting, and whether the trader locks the gains here or holds for a deeper slide is not disclosed.

$0.0817 Support Under Direct Test

Dogecoin (DOGE), the largest memecoin by market cap, is now trading essentially on top of its nearest support. Our composite scoring places $0.0817 at 53 out of 100, with the live tape within rounding distance of it; a clean break would expose the stronger floor at $0.0731, scored 64 out of 100, and raise the question of a deeper bear market leg. Reclaiming ground means clearing resistance at $0.0906, the strongest level on the board at 91 out of 100, which would also reopen the path our earlier bull flag read mapped toward $0.10. Positioning has not washed out: perpetual funding is slightly negative at -0.0088%, yet 76.8% of accounts still hold longs, a 3.31 long/short ratio that leaves leverage to unwind. Our Dogecoin technical analysis tracks both levels in real time. As for the trigger, the sources converge on a broad market pullback; that attribution is shared but unproven, and no Dogecoin-specific cause has been documented.