Dogecoin (DOGE) saw a 30% increase in trading volume over the past 24 hours, with spot inflows surging by over 1000%
Dogecoin (DOGE) saw a 30% increase in trading volume over the past 24 hours, with spot inflows surging by over 1000%. Despite DOGE's price falling by approximately 1.3% on the day to around $0.0767, the growth in trading volume and spot inflows suggests buyers are entering at lower levels. Specifically, Binance's trading volume increased by about 19%, OKX's by approximately 49%, and Bitget's by about 79%. In the past hour, DOGE's net spot inflow was approximately $225,000, an increase of over 1300% compared to the previous period. Derivatives data shows that the long/short ratios on Binance and OKX are 2.7 and 4.7, respectively, indicating that most accounts are bullish. However, DOGE has fallen by about 20% in the last 30 days, 34% year-to-date, and 61% over the past year, still facing long-term pressure.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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