$DOGE Slips 10% on the Week as Its Bitwise ETF Closes
What happened?
DOGE is $0.0844 (+2.8% 24h, -9.9% 7d) on a $13.2B market cap, 88% below its peak. Bitwise's Dogecoin ETF (BWOW) trades its last day today, with just $722K in assets in September.
Why does it matter?
A fund that small barely moves price, but its closing shows how thin institutional demand for DOGE is. Proceeds are due around Oct 22.
What's next?
I'm bearish. Expect DOGE to retest the $0.0800 weekly low while it stays below $0.0854 (3-day average). Not financial advice. DYOR.
$DOGE
What happened?
DOGE is $0.0844 (+2.8% 24h, -9.9% 7d) on a $13.2B market cap, 88% below its peak. Bitwise's Dogecoin ETF (BWOW) trades its last day today, with just $722K in assets in September.
Why does it matter?
A fund that small barely moves price, but its closing shows how thin institutional demand for DOGE is. Proceeds are due around Oct 22.
What's next?
I'm bearish. Expect DOGE to retest the $0.0800 weekly low while it stays below $0.0854 (3-day average). Not financial advice. DYOR.
$DOGE