– Long traders lost $16 million; here’s where that leaves you

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– Long traders lost $16 million; here’s where that leaves you
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Dogecoin’s [DOGE] long liquidations climbed to a 30-day high over the last 24 hours, according to Coinglass. This, on the back of the...

This, on the back of the larger market falling following Bitcoin’s own price depreciation on the charts. In fact, the entire cryptocurrency market saw trade positions worth over $860 million being liquidated among 270,993 traders.

For instance, the values of its Relative Strength Index and Money Flow Index were 46.85 and 46.53, respectively. These indicators indicated a decline in demand for the altcoin among market participants and a spike in coin sell-offs.

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