2026-01-08 03:31:30

Recent market volatility is worth paying attention to. On Tuesday afternoon, Dogecoin experienced a fierce liquidation event—totaling $4.96 million in liquidations, with longs bearing $4.92 million in losses and shorts only losing $42,000. The story behind this number is quite clear: many traders eagerly increased leverage to go long when DOGE rebounded from $0.1495 to above $0.15, but the price failed to continue strengthening and was eventually liquidated.

Although this "leverage reset" looks a bit brutal, it actually cleared out excessive speculative positions in the market, freeing up more opportunities for spot buyers and genuine long-term investors.

From a defensive standpoint, the bulls still successfully held the critical support at $0.15—shorts failed to push the price below $0.145. Interestingly, this situation is somewhat similar to the early stages of the 2021 bull market: leverage grew rapidly, the market entered a consolidation phase, then momentum started to rebound, ultimately opening up long-term upside potential.

On the technical side, some positive signals are also beginning to emerge. The RSI indicator has returned to pre-drop levels and even touched 65, approaching an overbought zone. This recovery suggests that market enthusiasm is gradually returning. After the liquidation storm, is a rebound really on the horizon? The market will provide the answer.

DOGE-1,56%

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LayerZeroHero

· 01-08 18:54

$4.92 million liquidation... The fact proves that greedy leveraged positions will always be washed out, but holding the 0.15 defense level—what does that indicate? Technically verify the RSI recovery data. Does this wave really resemble the consolidation rhythm of early 2021? It depends on whether it can break through in the follow-up to be meaningful.

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CryptoCross-TalkClub

· 01-08 04:01

Laughing to death, it's the familiar routine again—bulls get wiped out and are left scrambling, while we bunch of newbies are still studying the 0.15 support level. Truly the art of paying tuition. I was also involved in that wave in 2021. How did it end again? Forgot, my brain has been cleared out by the liquidation storm.

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DefiPlaybook

· 01-08 03:59

$4.92 million liquidation, this is called "shearing the sheep," the exchange is the biggest market maker [dog head] Leverage reset sounds academic, but it's actually just the quick transfer of retail investors' funds to the exchange's wallet Did the 0.15 hold? I think it's just that the shorts are too lazy to keep smashing, waiting for a rebound to kill another wave Is this wave similar to early 2021? Back then, I was earning 300% APY from liquidity mining, now I can't even find 20% What's so exciting about RSI 65? If it jumps to 80 tomorrow, I might believe in a rebound story again Liquidation is just liquidation; the real interesting part is which smart money is secretly building positions at the bottom, that's what’s worth watching

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WhaleSurfer

· 01-08 03:57

4.92 million liquidation, this is the price of greed... but I did manage to hold onto 0.15, kind of interesting --- It's that leverage reset theory again. If I had known, I wouldn't have chased the high. Now I can only wait for a rebound to save the situation --- Looking at this rhythm, it somewhat resembles 2021... but can it take off this time? I'm not too confident to bet --- RSI has warmed up again, is there still hope for the bulls? Let's wait and see --- 4.96 million liquidation, this is market self-correction. Retail investors buying spot is the true way --- Holding onto 0.15 is indeed good, the bears are so weak, waiting for the right moment... --- When the leverage dream shatters, it's the best time to buy the dip. It all depends on who dares to take the plunge

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MainnetDelayedAgain

· 01-08 03:50

According to the database, $4.92 million long liquidations have been successfully recorded on the timeline... How long has it been since the last commitment to "must hold the key support"? It is recommended to be included in the Guinness World Records. Waiting for the flowers to bloom, let's see how long the RSI of 65 and the "similarity" of 2021 can last.

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GamefiHarvester