On June 30th, $DOGE seemed quiet on the surface, with a modest weekly gain of 5.47%. But underneath? Things are heating up 🔥


📉 Over the past month, DOGE dropped 14%, and signs hint at more downside ahead. Both bulls and bears are locked in a tug-of-war, unsure which way DOGE will break.


Here’s the kicker — despite heavy losses, short sellers aren’t backing down. Glassnode data shows unrealized losses at $132M vs. just $5M in profits. That’s 26 losing trades for every winning one! Yet shorts hold firm, betting on further decline.


Why? Two key signals:


1⃣ Taker Sell Volume dominates at 52% (more shorts selling)

2⃣ Long/Short ratio dropped below 1, signaling bearish control


The liquidation heatmap shows “gravity wells” below $0.165 — if prices fall there, long holders risk liquidation, boosting shorts.


Still, bulls haven’t completely folded. They’ve been quietly accumulating $5.5M DOGE on June 30, totaling nearly $50M last week. But bullish momentum is fading since early June’s $105M peak.


If bears take full control, expect DOGE to test $0.162 or even $0.159 soon.


Stay sharp — this memecoin saga is far from over! ⚔


📊 WhiteBIT Chart: DOGE/USDT (1D)

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July 01, 2025 at 2:17 PM
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