Dogecoin derivatives markets have witnessed a significant liquidation imbalance, with long positions suffering a 1,564.8% greater loss compared to short positions. In just one hour, long positions lost $1.81 million, while short positions incurred losses of only $108,740. This comes as Dogecoin's price dropped 20.87% over the past week, reaching $0.1924, amid heightened market volatility and bearish sentiment.