DOGE’s trading volume as a share of market cap has broken through 5%—the last time this happened was at the April 2021 market top.
Now this dangerous warning light is flashing again, while the macro environment provides absolutely no support. U.S. Treasury yields have hit the highest level since 2007, and rising funding costs are ruthlessly draining liquidity. DOGE’s 8% single-day drop already shows the attitude of real money.
With historical-level alarms blaring and macro conditions accelerating the pullback, any premium propped up purely by sentiment is bound to crash the hardest when the tide goes out. I’m not going to bet on faith at this level.
#DOGE
Now this dangerous warning light is flashing again, while the macro environment provides absolutely no support. U.S. Treasury yields have hit the highest level since 2007, and rising funding costs are ruthlessly draining liquidity. DOGE’s 8% single-day drop already shows the attitude of real money.
With historical-level alarms blaring and macro conditions accelerating the pullback, any premium propped up purely by sentiment is bound to crash the hardest when the tide goes out. I’m not going to bet on faith at this level.
#DOGE