2025-12-18 08:20:13

Dogecoin continues to face pressure this week, dropping another 4% yesterday and still showing little sign of recovery today. Ultimately, it's the large holders selling off; once they've made enough profit, they start reducing their holdings, leading to a contraction in market circulation.

The situation in derivatives is even worse. Retail investors are mostly disinterested, and on the contrary, the number of short positions is increasing. From the technical charts, DOGE has broken below its April lows, with the next support around $0.1000, and it feels a bit precarious to go further down.

On-chain and retail demand are both declining, and data clearly illustrates the issue. Large holders with 100 million to 1 billion DOGE currently hold 34.77 billion DOGE, down from 36.14 billion on December 1st, showing a clear shrinkage. After offloading over 1 billion DOGE on December 10th, they haven't moved much since. But the problem is, DOGE's share of the total supply has fallen to 50.70%, well below the peak of 53.95% on December 3rd—this strongly indicates that demand is gradually cooling.

In the derivatives market, DOGE's short positions have increased from 52.59% on Wednesday to 53.91%. Shorts are growing, indicating that sellers hold the market dominance, which aligns with the trend of longs closing over $5 million in positions in the past 24 hours.

Recently, DOGE has fallen over 6%, nearing $0.10... Whether it will rebound depends on how on-chain funds move next.

DOGE-2.33%

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CommunityLurker

· 12-21 08:03

It is true that Large Investors have done a Rug Pull, and the retail investors who are dumb buyers are almost gone.

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DisillusiionOracle

· 12-20 20:50

The big players are dumping again, while retail investors are still sleepwalking.

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WalletInspector

· 12-20 15:58

The big players are really running fast this time, retail investors are still in a daze, and the bears have already taken over. 0.1 is just around the corner, and now it's really time to test the bottom.

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LeverageAddict

· 12-18 08:50

The big players running away with this script is really too cliché. It's always like this... If the 0.1 support breaks, we'll just go straight to 0.08.

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OnchainArchaeologist

· 12-18 08:50

Large investors running away, this trick is seen too often, anyway retail investors are just the final bagholders. $0.1? Feels like it still needs to be pushed down further.

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AirdropHunterKing

· 12-18 08:49

I've seen this trick many times with big players running away. 34.77 billion coins have shrunk to this level, with 53.91% short positions... Basically, it's just dumping to sell off. I'm afraid the $0.1 level can't be held, brother.

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WhaleStalker

· 12-18 08:48

Large investors reduce holdings and liquidity dries up. This trick is old, and retail investors still foolishly buy the dip. Why fear such a strong bearish trend? It should have broken below 0.1 long ago. Anyway, I never expected to make money. Another abandoned coin, and there's another one coming. It feels like the entire market has been played out by the big players. Who else would take this position? DOGE is basically dead this week. Let's wait and see if there's a rebound opportunity before making a move. Entering now just means taking the risk.

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ImpermanentSage