ETF fund size is the demand thermometer. Scam-coin ETFs have long stayed at the million-dollar level; institutional incremental buying hasn’t arrived, the spot market lacks a backstop, and rebounds rely on sentiment, so they can’t form a sustained trend.
Bitwise’s Dogecoin ETF, BWOW, was listed for 10 months and was liquidated after its size reached only about $722,000—this says it all. Now DOGE is trading at 0.0850, down 2.8% over the past 24 hours, and incremental capital still hasn’t come in.
Just look at the $722,000: similar products can’t break through the tens-of-millions level. Let DOGE trade within a range for now—don’t chase above 0.0850; if it breaks below 0.0800, it means demand is even weaker. #DOGE
Bitwise’s Dogecoin ETF, BWOW, was listed for 10 months and was liquidated after its size reached only about $722,000—this says it all. Now DOGE is trading at 0.0850, down 2.8% over the past 24 hours, and incremental capital still hasn’t come in.
Just look at the $722,000: similar products can’t break through the tens-of-millions level. Let DOGE trade within a range for now—don’t chase above 0.0850; if it breaks below 0.0800, it means demand is even weaker. #DOGE