Dogecoin Liquidations Eclipse Bitcoin After 23,354% Hourly Spike

Published at 2026-01-08 14:45:19

Dogecoin (DOGE) recorded higher liquidations than Bitcoin (BTC) in the most recent 60‑minute window after an extraordinary 23,354% price move during that period, data shows. The surge triggered a massive imbalance of forced position closures concentrated in DOGE, leaving the meme coin’s liquidation totals far above those for BTC as of Thu, 08 Jan 2026 09:24:00 -0500.

The episode underscores how extreme short‑term volatility and thin liquidity can amplify risk for leveraged traders and drive outsized derivative activity around smaller tokens. While such a spike can temporarily dominate liquidation statistics, it doesn’t necessarily signal a sustained market shift; instead, it highlights contagion risk and the importance of risk controls for exchanges and traders alike as markets normalize and liquidity returns.

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