Dogecoin Faces Nearly $5M Liquidations Amidst Market Retreat

General crypto markets witnessed a downtick, taking away $300M in liquidations. Dogecoin sees an 80% hike in Derivatives volume as short-sellers defeat the bulls. Relative Strength Index (RSI) labels DOGE ultra oversold, but there’s a catch. Dogecoin has experienced a massive downturn, as the crypto bears placed the token in the crossfires of the ongoing market-wide meltdown this Thursday. Dropping over 7% in value in 24 hours, DOGE witnessed $4.85 million in overall liquidations in Derivatives markets, with the lion’s share of them consisting of long positions. Bulls Battered as DOGE Hits 3-Month Low Per the latest Derivatives markets

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