{"id":17155,"date":"2025-03-11T09:46:41","date_gmt":"2025-03-11T09:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17155"},"modified":"2025-03-11T09:46:41","modified_gmt":"2025-03-11T09:46:41","slug":"dogecoin-ether-slump-9-as-bitcoin-tumble-leads-to-700m-in-bullish-liquidations","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17155","title":{"rendered":"Dogecoin, Ether Slump 9% as Bitcoin Tumble Leads to $700M in Bullish Liquidations"},"content":{"rendered":"
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Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions.<\/p>\n

Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, alongside $30 million in DOGE long losses. Solana (SOL) shed 8%, and XRP slipped 7%, with the broader CoinDesk 20<\/a> (CD20) falling more than 6.5%.<\/p>\n

Open interest in BTC futures dropped 7% to $45 billion, signaling forced exits as margin calls hit.<\/p>\n

\u201cInvestors are taking a risk-off approach as the chances for a Federal Reserve interest rate cut diminished after a stable jobs report and anticipation that February’s CPI report will follow similarly to January’s reading,\u201d Nick Ruck, director at LVRG Research, told CoinDesk in a Telegram message. <\/p>\n

\u201cTraders may sideline and offset risk in their portfolios until the US economic situation becomes clearer and the need for a rate cut becomes stronger, which may not happen until later this year,\u201d Ruck added.<\/p>\n

Monday\u2019s losses extended a two-week downward spiral exacerbated by shaky global sentiment, with the S&P 500 down 2% and the Nasdaq off 3% at the start of the week. The sell-off was driven by renewed fears of the impact of U.S. trade tariffs that are set to kick in next month and renewed fears of a recession after a Donald Trump interview<\/a> on Sunday.<\/p>\n

That was the biggest one-day drop in U.S. equities since September 2022, with the so-called \u2018Magnificent 7\u2019 cohort losing $830 billion in market capitalization.<\/p>\n

Besides, a stronger U.S. dollar, and a hawkish Federal Reserve signal in late February \u2014 with plans of fewer rate cuts in 2025 \u2014 and a flight to safe-haven assets gold and Japanese yen have further dented hopes of a recovery in the short term.<\/p>\n

One contrarian sentiment indicator, however, presents limited hope for bulls looking for short-term relief. The Crypto Fear & Greed Index is hovering at 15 \u2014 deep in \u201cextreme fear\u201d territory \u2014 suggesting that capitulation could set the stage for a relief rally.<\/p>\n

Singapore-based QCP Capital said watching Treasury yields and dollar strength present cues for further positioning.<\/p>\n

\u201cDespite the market turmoil, not all signals are bearish. This wave of risk-off sentiment has driven 10-year Treasury yields down by around 60 bps and weakened the U.S. dollar \u2014 a historically positive factor for USD-denominated risk assets like U.S. equities and crypto,\u201d QCP said in a market broadcast on Tuesday.<\/p>\n

\u201cLower yields also provide a reprieve for the U.S. government, easing borrowing costs at a time when refinancing needs are massive. This comes at a critical moment as Trump’s policy roadmap, particularly proposed tax cuts and a more expansionary fiscal stance, takes shape,\u201d the firm added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions. Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17155","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17155"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17155\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}