Dogecoin: four in five leveraged accounts are long, more one-sided than Bitcoin, Ethereum and Solana

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On the OKX derivatives market there are 4.17 long accounts per short account in Dogecoin, more than in any other large coin. What our own Friday morning measurement says about the risk of a chain of forced closures.On the OKX derivatives market on Friday morning, 4.17 long accounts face a single short account in Dogecoin. That is 81 percent of all accounts with an open position, and no other large coin comes close. For Bitcoin the ratio is 1.61, for Ethereum 1.78. We measured this ourselves at 10:00 UTC using the exchange's public market data. If you hold Dogecoin, this is no footnote. A long side this lopsided changes what happens in a setback: the more accounts sit on the same side, the more forced closures pile up once the price slips below a level where many positions get tight at the same time. Which levels those are today, how reliable the metric is and what an investor in Germany can make of it follows below. 4.17 long accounts per short account: the Friday morning measur...