Dogecoin Jumps 10% After $1.57M Short Squeeze in One Hour
CoinGlass data shows Dogecoin logged a double‑digit gain on Feb. 25 after a sharp burst of short liquidations erased $1.57 million in bearish positions in just one hour. The rush of buying pressure coincided with a strong intraday rebound that pushed DOGE back above $0.10, delivering one of its best trading sessions of the month and briefly renewing bullish sentiment among traders.
Short squeezes can amplify price swings even when liquidation totals are relatively modest versus overall market size, and this episode underscores how clustered stop orders can trigger rapid moves. Traders should watch volume and broader market cues to judge sustainability, as quick rebounds like this can be followed by pullbacks if fresh inflows don’t materialize. Markets will be watching whether DOGE can hold gains above $0.10 in the coming sessions.