DOGE has consolidated at 0.07 for seven days, with daily rises and falls of no more than one percentage point. In the square, there are more than 200 bullish posts, saying it like it’s the real thing.
But if you look underneath the capital flow, things are different: spot market net outflows amount to hundreds of millions within three hours, and for 12 consecutive candlesticks there has not been a single net buy. The price hasn’t dropped because leverage is propping it up.
The long/short positions ratio on futures has been squeezed to more than three times. On-chain lending has climbed 136% over 12 hours—basically all leveraged long positions catching the falling knife. The ETF side is also still suppressing outflows, and trading volume is only about 60–70% of usual.
The key isn’t who’s shouting “more gains.” It’s whether incremental capital is actually coming in. Right now, it clearly isn’t.
This gets interesting. If leveraged funds can’t hold, will the 0.07 wall turn into a liquidation platform?
But if you look underneath the capital flow, things are different: spot market net outflows amount to hundreds of millions within three hours, and for 12 consecutive candlesticks there has not been a single net buy. The price hasn’t dropped because leverage is propping it up.
The long/short positions ratio on futures has been squeezed to more than three times. On-chain lending has climbed 136% over 12 hours—basically all leveraged long positions catching the falling knife. The ETF side is also still suppressing outflows, and trading volume is only about 60–70% of usual.
The key isn’t who’s shouting “more gains.” It’s whether incremental capital is actually coming in. Right now, it clearly isn’t.
This gets interesting. If leveraged funds can’t hold, will the 0.07 wall turn into a liquidation platform?