From September 21 to 22, Dogecoin (DOGE) rose by about 14% in forty-eight hours, returning to above $0.10—the furthest move among the top twenty by market cap. In the same period, Bitcoin climbed above $85,000. In a single day, roughly $747 million worth of contracts across the entire market were settled, with shorts accounting for about $648 million. Its own announcement board has been empty these days.
The other three names on the same track, in total: Shiba Inu at about $3.5 billion, Pepe at about $2.0 billion, and Bonk at about $330 million—while its figure is about $15.4 billion. Over a seven-day window, Bonk is up about 52%, Pepe about 42%, and it is under 25%. What truly can’t be filled in is supply: Pepe’s cap is fixed at about 420.69 trillion coins; Bonk’s is fixed at about 87.99 trillion. For its supply, there is no cap—10,000 coins are issued per block, with no end. The largest one happens to be the only one you can’t read in the phrase “how much is still left to be released.”
Where did that day’s money come from? The readings are crystal clear: the outstanding unsettled contract notional size across the network is about $157 million—its highest since August 22. On Binance, the side’s holdings are about $345 million—also the highest since May. The shorts forcibly settled that day total about $5.66 million. The four major whale wallets opened long positions at the same time, totaling 78.2 million coins and about $5.59 million. These figures measure the amount other people have to buy back; on the other side of fresh money, there’s no corresponding reading.
I checked another channel that can accommodate long-term capital: the linked listed products saw net inflows of about $909,700 in a single day on September 21; two weeks earlier it was about $284,500. Put next to a $15.4 billion size, this channel is so small it’s almost unreadable—yet it is listed on Binance with eleven trading pairs, the most among its peer track.
The money that pushed the price up is recorded on the contract side; the side willing to hold long term still has no reading proof that it has connected. To overturn this way of reading, you’d need to see the contract positions fall while the listed products keep flowing into the ten-million-dollar-plus bracket for consecutive days. If the two conditions don’t show up together, it just stays as it is. Right now, the width of this opening is determined by the contract side. On Binance, idle balances earn interest somewhere; buying a share doesn’t require detouring. And on the square, people have brought it up again these past two days. $ALLO
$TAKE
$KITE
#狗狗币上涨15%