Dogecoin’s 10% Surge: A Tale of $1.57 Million Lost in One Hour of Chaos

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Upon reviewing the most recent data from CoinGlass, it appears that Dogecoin-an asset not often known for its dignified comportment-experienced a rather startling rise on February 25. A most concentrated wave of short liquidations, as if the very heavens conspired to bring an end to them, obliterated $1.57 million in bearish positions in the span of a mere hour. This spectacle, akin to a dramatic play of fortune and misfortune, occurred just as the token staged a notable rebound, forcing DOGE above $0.10 and marking one of its strongest sessions this month, as if it had been beckoned to do so by some unseen hand.

According to the daily chart from Binance, which, of course, we must take as the very gospel of modern markets, the token was trading at $0.1007 after reaching an intraday high of $0.1026, a rise of over 10% for the day. This occurred following several days of rather tiresome price movement within the narrow confines of $0.095-$0.098, where, as always, buyers stood firm against the supply, like brave knights defending their keep. The price, much to the dismay of some, began its rise, and with it, leveraged short positions were swiftly unwound, one after another, as though they were no more than fragile strings in the wind.

Dogecoin’s Spectacular Rise: Shorts Meet Their Unfortunate End

From the lofty perspective of market structure, this surge appears more a short squeeze-an act of vengeance, if you will-than a confirmed trend reversal. The dear DOGE still languishes below the key descending resistance levels that one might observe on the daily chart. However, this remarkable rally to the $0.10 level, accompanied by a most public display of forced short covering, is likely to stir the emotions of even the most stoic of market participants. If nothing else, it shall surely change the atmosphere surrounding Dogecoin in the near future.

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Indeed, liquidation data has revealed that $1.57 million in short positions were swept away like dust in the wind, while the long liquidations, so few they are hardly worth mention, amounted to a paltry $119,640. In the past 24 hours, a total of $5.14 million in DOGE liquidations occurred, with shorts taking the lion’s share at $4.09 million-truly a one-sided affair. This all unfolded amidst a broader backdrop of $341.21 million in crypto positions being liquidated across the market in the same period. While Bitcoin and Ethereum took the lead, it was the concentrated nature of the DOGE shorts that demonstrated just how swiftly fortunes can change when liquidity evaporates and volatility surges, even at the merest hint of overleverage.

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2026-02-25 19:06