Key Insights:
- Dogecoin surged 10% in one hour after $1.57 million in short positions were liquidated, triggering sharp upward momentum.
- Short liquidations totaled $4.09 million in 24 hours, far exceeding long liquidations and highlighting strong bearish overexposure in DOGE markets.
- DOGE reclaimed the $0.10 level as volatility rose, while broader crypto liquidations reached $341.21 million across major digital assets.
Dogecoin posted a sharp 10% gain on Feb. 25 after $1.57 million in short positions were liquidated within a single hour. Data from CoinGlass shows that the forced closures aligned with a sudden intraday rebound. Consequently, DOGE climbed above the $0.10 mark during one of its strongest sessions this month.
The move unfolded quickly as bearish traders lost positions during the spike. Moreover, liquidation imbalances heavily favored short sellers, intensifying upward pressure. The rapid unwind shifted short-term momentum across major exchanges.
Price Breaks Key Intraday Barrier
DOGE traded near $0.1007 after reaching an intraday high of $0.1026 on the Binance DOGE USDT pair tracked by TradingView. The token had hovered between $0.095 and $0.098 in recent sessions as buyers absorbed supply. However, once price pierced resistance, liquidations accelerated and fueled further gains.
Additionally, the surge erased a cluster of leveraged positions that had built during the consolidation phase. The quick breakout forced traders to close bearish bets at market prices. Hence, the rally gained speed within minutes.
Liquidation Imbalance Drives Momentum
Liquidation data shows $1.57 million in shorts disappeared during the one hour spike, while long liquidations stood at $119,640. Over the past 24 hours, total DOGE liquidations reached $5.14 million. Significantly, shorts accounted for $4.09 million of that total.
This imbalance underscores how concentrated leverage amplified the price swing. Besides, traders reacted swiftly as volatility returned to the memecoin market. The liquidation cascade strengthened the intraday recovery.
Broader Market Context Adds Pressure
The episode occurred as total crypto liquidations across the market hit $341.21 million within 24 hours. Bitcoin and Ethereum led overall liquidations, yet DOGE showed one of the most concentrated hourly squeezes. Additionally, rising volatility across major assets added to the momentum shift.
DOGE remains below descending resistance on the daily chart despite reclaiming $0.10. However, the scale of forced short covering has altered near-term positioning and restored short-term trading activity.
