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$DOGE Keep shorting DOGE! You shorted 20,000! 0.109!
Family, on this DOGE chart, the bears are basically naked, teaching the bulls a lesson!
I looked at the trader data and just burst out laughing:
Out of 837 longs, 80% are losing money, and only 19% are profitable;
Out of 546 shorts, 85% are making money, and only 15% are losing money.
So is this rebound—really all retail chasing highs, handing the shorts chips?
Even more brutal is the cost basis:
The shorts’ average opening price is only 0.102, while the longs opened at 0.106—so their cost is 4 percentage points lower than yours!
You pull a bit, and they can slam without any pressure at all—you don’t even see them touch the stop-loss line.
Plus, I just saw the on-chain data: at the end of 2024, a whale who took delivery at the $0.415 peak—485 million dollars—after going quiet for 1.5 years, finally couldn’t take it and cut losses to close out.
Cost: $0.415 per coin, 11.68 million coins, total cost 485 million dollars
Closed out: sold at the current price, straight into an unrealized loss of 259 million dollars—only 226 million dollars left
• Current situation: to get out even, the price needs to rise 3.85 times—from the current price up to around $0.70—the difficulty is basically reaching for the sky
Even the “die-hard” DOGE believers who dared to go heavy have already bailed. Now that you’re the one coming in as a long, why do you think you can pull it up?
The funding rate is positive, and longs are still paying interest to keep the shorts alive;
Those high-level trapped positions are still sitting there pressing down—every rebound is a chance for the trapped positions to get out and for the shorts to add more.
Stop getting fooled by these tiny rebounds and moving in to take the bag—going long is just giving the shorts a cash machine. Going short is the move that follows the trend!
Keep shorting ⬇️⬇️⬇️#Gate广场五月交易分享