Dogecoin (DOGE) Longs Wipe Out 17.83M Coins in Market Selloff

Derivatives data shows 17,833,333 memecoin Dogecoin (DOGE) held in leveraged long positions was liquidated over the past 24 hours, as a market-wide selloff cleared roughly $342 million from traders across crypto. The damage on the coin's book fell almost entirely on one side of the trade: longs accounted for $1.391 million of the $2.45 million in total Dogecoin liquidations, a 57% share, while shorts absorbed the remaining $1.05 million. A long liquidation is the forced closure of a leveraged bet on higher prices once losses push a margin balance below the required level; when many such positions close within hours, the selling they trigger can deepen the initial drop and add slippage in thin books. That sequence ran through Thursday's session, with the Dogecoin price down close to 3% and trading near $0.078 at 14:00 UTC before recovering part of the loss. Live monitoring shows the coin changing hands near $0.0798, up about 0.8% since those readings and 0.9% over 24 hours. The flush interrupted a firmer run: Dogecoin (DOGE) had risen for three consecutive days earlier in the week and touched $0.08 before profit-taking across risk assets turned the tape. The coin's own wipeout is a small slice of the day's total, but its composition matters more than its size. In a market that cleared $342 million in the same window, Dogecoin contributed $2.45 million, and more than half of that landed on traders who had bought with leverage. Forced sales of that kind remove the positions least able to sit through a pullback, and they hit the book at whatever price the market will take, which is why liquidation clusters often mark short-term turning points rather than the start of a new trend.

COINOTAG's composite scoring, which rates each level 0-100 from the indicators that meet there, puts the strongest resistance at $0.0822, where the 100-day moving average, the R2 pivot and the 0.618 Fibonacci level converge, scored 97/100. The nearest support, $0.0789, sits directly beneath the market at 79/100. Open interest, the value of live derivative contracts, stands at open interest of $409.5 million across Dogecoin (DOGE) derivatives, and the long/short account ratio reads 3.49, with 77.7% of accounts positioned long.

Fed Hold and a 3.6% PCE Print

The macro calendar did most of the work. The Federal Reserve kept interest rates steady at its October meeting on Wednesday, as expected, but the accompanying tone unsettled risk positions: two officials dissented in favor of a quarter-point increase, and Chair Kevin Warsh declined to signal what the central bank might do when it meets again in December. Rate expectations in traditional finance still lean toward a 25 basis point move at the Dec. 9 meeting, which keeps borrowing-cost uncertainty over every risk asset into year-end. Thursday's data then added pressure of its own. The personal consumption expenditures price index, the Fed's preferred inflation gauge, rose a seasonally adjusted 0.5% for the month in September, taking the annual inflation rate to 3.6% and keeping price increases well above the Fed's target. Few cryptocurrencies recouped their losses in the wake of the report, and Dogecoin's pullback from $0.08 tracked the wider altcoin market's stall. For a coin that trades with high sensitivity to macro sentiment, the combination of a hold paired with hawkish dissents left no clear dovish cue to buy into. Chart watchers have been working with resistance near $0.083 and $0.087 on any rebound, with support first at $0.074 and $0.069 if the slide extends; a fuller map sits in our technical analysis of Dogecoin. The next sessions test whether the three-day climb that peaked at $0.08 resumes once the macro overhang clears. Dogecoin enters that test holding much of the week's gain, with live pricing near $0.0798 leaving the coin close to the level it touched before profit-taking began.

One-Sided Book, Modest Damage

That positioning is the lens for the day's numbers. A book in which more than three quarters of accounts sit long offers limited natural buying when leveraged longs unwind, so the $1.391 million of forced long sales inside Dogecoin's $2.45 million total landed against one-sided positioning, as seen when volume jumped 79% near the $0.075 floor on Bitget earlier this month. Open interest of $409.5 million shows much of the book survived the flush, leaving room for a second round of liquidations if the market-wide deleveraging that took $342 million resumes. What Thursday settled is arithmetic rather than direction: the share and its denominator, $1.391 million of $2.45 million on longs, inside a $342 million market total. Dogecoin's own damage was modest; the next move belongs to the wider market.