Dogecoin
Sectors
Sentiment
Track Dogecoin perpetual futures liquidations across Binance, Bybit, OKX, Deribit, Hyperliquid.
Sharpe Terminal aggregates Dogecoin (DOGE) perpetual futures liquidations data from Binance, Bybit, OKX, Deribit, Hyperliquid and eight additional exchanges into a single real-time chart. Compare exchange-level breakdowns, overlay price, and switch between 1W, 1M, 3M, 1Y and 3Y historical windows. Forced liquidations of leveraged long and short positions across exchanges. Derivatives traders use this view to confirm trend strength, spot crowded positioning, and pinpoint liquidation cascades before they ripple into spot.
Dogecoin (DOGE) is the oldest and most mainstream memecoin, with a perpetual futures market that routinely sees $2-4B in aggregate OI during retail-driven cycles. DOGE perps are listed on every major venue and are a go-to vehicle for retail leverage because of low dollar-notional tick size. DOGE OI peaked near $5B during the April 2021 Musk-driven rally and again in late 2024 post-election. Funding on DOGE is the most volatile of any top-20 perp — 300%+ APR single-day prints are routine during mania phases. DOGE is the cleanest read on pure retail speculation: when DOGE funding decouples from BTC funding to the upside, crypto is in late-cycle euphoria. Long liquidation cascades on DOGE are severe because position sizing is almost universally oversized.
Liquidations are forced position closes triggered when a leveraged trader's margin drops below the exchange's maintenance requirement. The exchange's liquidation engine market-closes the position, which adds one-sided buying pressure (for shorts liquidating) or selling pressure (for longs liquidating). Large liquidation clusters create cascades because one liquidation pushes price into the next liquidation level — this is the mechanism behind crypto's characteristic vertical candles and long wicks. Exchange-reported liquidation data is known to under-report true volume by 50-90% (post-FTX many exchanges throttled their liquidation feeds), so relative trend changes matter more than absolute notional.
Shorts liquidated (green bars above zero) signal a short squeeze in progress; longs liquidated (red bars below zero) signal capitulation. Single-exchange liquidation spikes over $100M on BTC, $50M on ETH, or $20M on mid-cap alts are statistically reliable local-reversal markers. Multi-exchange coordinated liquidation events (visible as synchronous spikes across Binance, Bybit, and OKX) are the most reliable trend-flip signals. Watch the ratio of longs-to-shorts liquidated — sustained long-side dominance during a downtrend confirms deleveraging is still underway.