Dogecoin’s [DOGE] price has been in a constant downtrend since last year’s September. However, the memecoin is starting to show signs of reversal.
Capital inflows from all traders are increasing even though greedy retailers are struggling.
Capital inflow into Dogecoin surge
Dogecoin accumulation is on. For context, a newly created wallet has opened a 20 million DOGE position with 10x leverage. The order is worth more than $2.25 million but is sitting at a loss of more than $60K at press time.
The position was entered at around $0.1134 with a liquidation price of $0.1028.
Additionally, more money is flowing into spot Dogecoin ETFs. Over the last eight days, half of them have experienced positive net inflows. In total, more than $1.30 million has flowed into…
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Source ambcrypto.com
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