Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations

Quick Summary:

Nearly $530 million in shorts, or bets on lower prices, booked losses amid a general unwinding of leveraged bets.

Meanwhile, Sui Network’s SUI, UniSwap’s UNI and Near Protocol’s showed strength with gains of as much as 18%.

Memecoin mog (MOG) rocketed 30%, continued its tendency to act as a beta bet to ETH’s move.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesChinaCuba

Topics: Dogecoin Bitcoin Ether Markets Liquidation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 06:08:53 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28166259

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