Yesterday DOGE was dumped from 0.093 to 0.0837, and open positions shrank by 4.4% in a day. The chart literally flashed “shorts capitulate.” As the price fell, positions got cleared too—retail leverage was wiped out.
What’s interesting is that the cleaner the book gets, the more whales buy: the long position share has already reached 80%, and in the last seven hours they’re still adding another 3.22%. What gets squeezed out is the chase-fomo small leverage, while what takes over is the big players. The funding rate has sunk to 0.01%, so chasing costs essentially hit zero. This round of liquidation, instead of harming things, actually removes risks for the next upside move.
Spot is recovering in sync as well: net inflow of 255 million in 3 hours, with 12 consecutive green candles; the 1-hour trend has flipped back to positive and is up 2.67%, with active buy orders making up 59%. RSI at 74.9 and MFI at 79 look overheated, but this is a “clean” market after de-risking—not the same as pushing higher with full positions crowded at the top.
So at this level I’m going long: first look for a rebound back above the 0.09 short-term moving average, then a retest of the three-day high around 0.094.
The reversal conditions are straightforward: if the 3-hour spot net inflow turns negative, or if whales flip and start reducing long exposure, then treat this move as a bull trap/induced long squeeze. #doge $DOGE
What’s interesting is that the cleaner the book gets, the more whales buy: the long position share has already reached 80%, and in the last seven hours they’re still adding another 3.22%. What gets squeezed out is the chase-fomo small leverage, while what takes over is the big players. The funding rate has sunk to 0.01%, so chasing costs essentially hit zero. This round of liquidation, instead of harming things, actually removes risks for the next upside move.
Spot is recovering in sync as well: net inflow of 255 million in 3 hours, with 12 consecutive green candles; the 1-hour trend has flipped back to positive and is up 2.67%, with active buy orders making up 59%. RSI at 74.9 and MFI at 79 look overheated, but this is a “clean” market after de-risking—not the same as pushing higher with full positions crowded at the top.
So at this level I’m going long: first look for a rebound back above the 0.09 short-term moving average, then a retest of the three-day high around 0.094.
The reversal conditions are straightforward: if the 3-hour spot net inflow turns negative, or if whales flip and start reducing long exposure, then treat this move as a bull trap/induced long squeeze. #doge $DOGE
