Dogecoin (DOGE) is experiencing unpredictable fluctuations as sellers continue to dominate, despite many investors suffering heavy losses, reflecting a tense battle between buyers and sellers in this cryptocurrency market.
MAIN CONTENT
Short traders are suffering significant losses but still maintain their positions, indicating expectations for further price declines.
Liquidity data and the Long/Short ratio show that selling pressure is increasing and the likelihood of DOGE correcting further.
The accumulation activity of individual investors is gradually decreasing, weakening the prolonged upward momentum of DOGE.
Why are short traders maintaining their positions despite heavy losses?
According to Glassnode data updated on June 30, the total unrealized losses on DOGE reached 132.2 million USD, while unrealized profits were only about 5 million USD, a ratio of 26:1.
This figure shows that for every profitable position, there are up to 26 losing positions. According to experts from TinTucBitcoin, investors expect DOGE to continue to decline and maintain Short positions to profit when prices deteriorate.
Shorts are persistently holding their positions in a volatile cryptocurrency market, due to expectations that the downward trend will continue in the short term.
Quote from TinTucBitcoin's analysis, June 2025
What do liquidity data and the long-short ratio say about DOGE's price trend?
Data from CoinGlass indicates that the volume of Taker Sell orders accounts for up to 51.97% of transactions, showing a clear advantage for sellers. At the same time, the Long/Short ratio has dropped to 0.92, reflecting increasing selling pressure.
The Liquidity Heatmap shows large liquidity clusters located below the price range of 0.165 USD — close to the current price. This is the position where unclosed leverage orders are concentrated, which could pull DOGE's price down further to trigger mass liquidations, providing an opportunity for the Shorts to profit.
The possibility of DOGE's price touching the support levels of 0.162 USD or 0.159 USD reflects the risk of a significant correction that is currently present, while also creating a great opportunity for Short traders.
Liquidity clusters below the current price act like 'magnets' pulling the market down to trigger liquidations, creating advantages for sellers.
Analysis of CoinGlass data, June 2025
Are investors starting to lose interest in DOGE?
Despite selling pressure prevailing, buyers still accumulated 5.5 million USD in DOGE on June 30, increasing the total buying volume from the previous week to 49.16 million USD according to CoinGlass. This indicates that some investors still expect DOGE to break out in the near future.
However, according to TinTucBitcoin's assessment, the accumulation trend has decreased, with a weekly accumulation peak reaching 105 million USD on June 9 and then gradually declining. The weakening in this buying activity may reflect poor sentiment, paving the way for sellers to regain the upper hand and push DOGE's price lower.
Current Value Index Previous Month Meaning Unrealized Losses 132.2 million USD No specific data Indicates many unclosed losing positions Long/Short Ratio 0.92 No specific data Selling pressure is increasing, the market is trending down Weekly total accumulation 49.16 million USD Peak 105 million USD on June 9 Investment is weakening, the likelihood of deeper price declines
Frequently Asked Questions
Why are short traders maintaining their positions despite significant losses? They expect DOGE to continue to decline, taking the opportunity to profit when prices go lower (source: TinTucBitcoin). How does the Long/Short ratio affect the market? A ratio below 1 usually indicates increasing selling pressure, causing prices to potentially drop further (source: CoinGlass). What are the current important support levels for DOGE? The 0.162 USD and 0.159 USD ranges are major liquidation levels guiding short-term prices. What does the accumulation activity of investors signify? Decreasing accumulation reflects a loss of confidence among investors, allowing selling pressure to increase. Should we expect DOGE to recover? Currently, buying force is weak, so caution is needed while observing further market signals (source: CoinGlass).
Source: https://tintucbitcoin.com/dogecoin-giam-14-thang-6-tiep-theo/
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