In the past 24 hours, DOGE's margin calls exceeded $20 million, mainly due to short positions being liquidated.

Coinglass data shows that DOGE liquidations totaled $21.77 million in the past 24 hours, with $21.31 million from short positions and $460,000 from long positions. The largest single liquidation was $751,614, and the 7-day average liquidation volume is at an extreme level. Furthermore, today's DOGE liquidations were primarily concentrated on Binance (49.86%), Bybit (14.17%), and Gate (10.63%), indicating that these exchanges have a large concentration of active leveraged trading.