Dogecoin’s (DOGE) price has tapered downward since August 17, losing roughly 9% of its value over the past three days. As the token slides, futures traders who had opened positions betting on a rally have plunged into losses. With new demand remaining muted, long traders of the meme coin may be at risk of further declines. DOGE’s Decline Triggers Long Liquidations DOGE’s recent price decline, worsened by the broader market dip, has triggered a wave of long liquidations in its futures market
source: https://beincrypto.com/doge-price-dips-long-traders-hit-hard/