Dogecoin has formed its first "death cross" since 2026 on the daily chart, with its 50-day simple moving average falling below its 200-day simple moving average. This signal comes just about three weeks after its last "golden cross," highlighting its high volatility. Affected by the $6.3 billion Binance hack, Dogecoin's price fell sharply on Thursday and Friday, dropping to $0.072 on Friday, a new low since August 2026. According to CoinGlass data, the total cryptocurrency market liquidations in the past 24 hours reached $1.68 billion, with long positions accounting for $1.43 billion.