Dogecoin’s on-chain activity has increased dramatically over the past 24 hours, with key indicators pointing to a potential bullish trend for the popular meme cryptocurrency.
Net flows to large holders of Dogecoin experienced significant growth, going from negative to 386 million DOGE. Large holder net flows are an important indicator of market sentiment, and surging net flows show active accumulation by important players, suggesting a bullish stance.
Peaks in net flows typically coincide with market bottoms, indicating heavy buying during corrections.
The surge in inflows from large holders further confirms the bullish sentiment surrounding Dogecoin, with inflows to large holder wallets increasing by nearly 200% to 425.97 million DOGE in the past day. This buying activity is largely driven by whales and other influential entities and is definitely worth watching closely in the coming days.
In contrast, Dogecoin outflows from the wallets of large holders decreased significantly, from 222.14 million DOGE to 39.98 million DOGE. Dogecoin’s large holder net flow indicator has shown almost parabolic growth amid increasing inflows and decreasing outflows.
The surge in these on-chain indicators highlights the increasingly active participation of influential players in the Dogecoin market, an optimistic trajectory to focus on.
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Don't be afraid, a big drop is an opportunity to cover your position. We have been talking about entering the market when the market is pulled back, but now that the market is pulled back, why are there still people who are selling their stocks?
Don't chase the rise and sell the fall, buy when the market is down, sell when the market is up. Here's how to do it. Enter the market in batches, and you can buy a little bit of each coin now. When BTC reaches 60,000, you can go all in on all coins. Then when the panic of retail investors is over, the market will rise again. [Snicker]
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1⃣$DOGE As the market enters a correction period, its value has shrunk by 25% in a month. On the daily chart, the correction formed a descending channel pattern, where a solid resistance line triggered the market's third decline. This decline broke the previously broken minor resistance line and tested the 0.14 price level. Nevertheless, an optimistic rebound from the 38.20% Fibonacci retracement level of the trend line has the potential to quickly change market sentiment. If a decisive rise occurs, it may push the DOGE coin price to the key resistance level of 0.2290. At the same time, the demand area of 0.1226 is an important support point, which has become particularly critical due to the recent multiple buyer reversals.
2⃣$SHIB Currently, the SHIB currency is showing a sideways trend. However, the bullish divergence of the relative strength index (RSI) has enhanced the potential for the currency pair to rise, making it stand at a critical moment of the long-short battle. According to trend line analysis and Fibonacci retracement levels, if SHIB achieves a channel breakthrough and rebounds, its price is expected to climb to 0.000041. On the contrary, if it falls below the support level of 0.000020, it may continue to test another key support trend line close to 0.000018.
3⃣$PEPE Although the market experienced a 9% correction at the beginning of this week, the overall trend shows a high probability of rebound and bull market signs. With the breakthrough of the bearish wedge and the formation of the head and shoulders bottom reversal pattern, the potential demand of PEPE coin is increasing.
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The current situation is If you are an old Bi, the old Bi will not move If you are a new Bi, the new Bi will cut people This round of bull market is dominated by MEME Others are lame New Bi will be cut in half after it is launched on BN, Before it was launched on BN, it was ready to move After it was launched on BN, it was cut in half This round of bull market depends on AI and meme There will be a lot of hype in AI in the future For meme, look at Floki and AIDOGE If you want to know more about the relevant knowledge of the currency circle and the latest information, click on the avatar to follow me. Players who have made 10 times in a month are also welcome to follow orders. Daily market analysis and high-quality potential currency recommendations #新币挖矿 #山寨币热点 #BTC走势分析 #美国4月CPI数据回落
I just want to fuck you, you may be talking about its decline 📉, I am actually staking and losing money to increase trading volume.
Originally I pledged 2000, now it is only worth 600, I am so fucking you. . Just saw that it fell by 20%, my head is buzzing.
You are worse than a doge and peoe, others fell by 3% and you are super doubling and grabbing the landlord. .
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Why don't you continue? Why did you only get hard for two seconds?
CPI data was released, and the price of Bitcoin and Ethereum surged. Bitcoin broke through the four-hour straight line, and the MA240 moving average was pressed down slightly! The price trend of Ethereum was slightly weaker, and the increase was weaker!
CPI data was released, in line with market expectations, which is good for the digital currency market #新币挖矿 #BTC走势分析 #ETFvsBTC $BTC
I recently went to Hong Kong to open a card. Here is my experience. Preparation ID card Proof of address (this is very important) Hong Kong, Macau and Taiwan Pass (can be applied nationwide, group visa, can be passed by yourself) Small white slip for customs clearance (printed when you pass the Hong Kong gate and press fingerprint) Bank salary flow Investment record (trading record of stock funds) Cash 1000HKD (can be withdrawn by UnionPay if you don’t have it) Download the bank’s app How to choose a branch The advantage of Bank of China is that there is no low procedure, which may be 0
If you have all the materials and can line up at 7:30 in the morning, it is estimated that any branch will do.
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I have been in the cryptocurrency circle for so many years, all thanks to these nine rules
1. After making a big profit, keep the position empty for at least one month, and turn from prosperity to decline
2. Keep the position empty for three consecutive days of losses, and change the direction in time
3. Hold the position for at least one month, and hold it exclusively
4. Do not chase if it opens more than five points higher, and do not buy if it opens five points lower
5. Do not chase if there is a huge amount at a high position, and do not touch if there is a huge amount at a low position
6. Do not do weak points, and do not buy low points
7. Do not split the position for more than 3 times, and be exclusive
8. Do not touch if you do not understand, and do not touch new coins easily
9. Do not do left-side transactions, do not buy low, and have no bottom
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I recently bought some ena (I have to say that CZ's level of project selection is several levels higher than OK's). Of course, I often get on board first, get stuck first, and then study!
The injury of algorithmic stablecoins in the last bull market and the collapse of the Luna series caused the industry to bleed. At that time, I felt that the industry needed an algorithmic stablecoin. I personally don't like the usdt usdc model. It doesn't mean I don't use it, just like I don't like socializing, but it doesn't mean I don't have friends (I can't help it, I still use it every day, where is the market share, it's simply a money printer)!
Some exchanges (Binance, Bybit) have a base funding rate of 11%, which means that if the funding rate is within a certain range, it will default to 11%. These exchanges account for more than 50% of the holdings.
CME Bitcoin futures are also larger than Binance, with the current difference of about 15%. Generally speaking, as a proxy indicator of capital cost, the futures yield basis is positive most of the time.
When the funding rate does go negative, there will be an insurance fund to subsidize the sUSDE yield and ensure that its lower limit is 0 (i.e. it will never go negative).
A portion of the protocol revenue will be redistributed to IF to ensure its organic growth over time. Ethena Labs provided a $10 million donation to launch IF.
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There is a type of people in the cryptocurrency circle who do not rely on cryptocurrency contracts, but make profits by buying and selling USDT (abbreviated as "U"), and can make stable profits every day. A few years ago, people who were USDT acceptors could easily make tens of thousands or even hundreds of thousands of profits every day, which was normal at the time. However, with the risk control measures of banks and the influx of various illegal funds into the cryptocurrency circle, the profitability of this industry is not as good as in the past. But it should be made clear that USDT acceptors are not capital disks or pyramid schemes, but a legal profit model. What is a USDT acceptor? Simply put, it is to make profits by buying USDT at a low price and selling it at a high price.
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For those with larger capital, BTC, SOL, ETH, BNB There is definitely no problem with this If you want to earn higher returns, buy altcoins. I always have a principle Leader thinking. Don't use the compensatory theory. The leader can be strong all the time, and it is getting stronger and stronger, and the blood-sucking effect is also obvious. In the later stage, it is those compensatory junk coins. There is another method, you can observe which altcoins are the most resistant to declines every time you pull back You can see that in this rebound, the strong altcoins have returned to the high point before the waterfall, but the weak ones have never returned. This is like marrying the wrong man if you choose the wrong coin, even if it is a bottom-fishing
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Only 2 weeks left until Nvidia earnings, last chance to buy at the bottom! Revealing the list of 10 best AI tokens! We are only 2 weeks away from Nvidia earnings! 🤯
Artificial Intelligence in Cryptocurrency: AI cryptocurrencies power AI blockchain platforms, allowing users to access integrated AI by spending tokens.
It is estimated that the global AI industry will reach approximately $2,575 billion by 2032.
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The downward trend of Bitcoin has not changed. When will it be the turning point?
Grayscale has resumed outflows. It seems that sideways trading is still the mainstream rhythm. Only when the adjustment is in place will the breakthrough be launched.
The longer the sideways trading lasts, the higher the breakthrough will be, so sideways trading is not a bad thing.
Only by learning to squeeze the time value in the sideways market can you calmly hold positions and even fall in love with the sideways market.
May 23 is the day when Ethereum ETFs are approved. It seems that everyone is saying that it will definitely not pass.
The May 24th Yitai Option Doomsday Round Lottery can be paid attention to in advance. Whether it passes that day or not, it is estimated that there will be a round of big fluctuations.
The volatility of currency circle investment is high, but it is no different from stocks and bonds. To stabilize risks and stabilize returns, you need rational analysis and appropriate tools.
You can try spot + option hedging transactions. You will not be disappointed.
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The trend before the halving has attracted much attention. I think it may drop below 30,000 US dollars.
Considering the current risk of civil war in the United States, the currency circle may usher in a black swan event, which will impact the price of Bitcoin to below 20,000. In this wave of fluctuations, will Bitcoin continue to rise strongly, or will it usher in a sharp drop?
In fact, capital is playing with Bitcoin as a fund
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A new round of speculation has begun on Bitcoin, and this time the pusher seems to be new funds from Hong Kong and South Korea
This makes me wonder, will those#btcthat have worked hard to pull up eventually become the peaches of Hong Kong and South Korean funds? Haha
However, we have to be careful. It is possible that Wall Street will end the game early and pass the baton to our mysterious and powerful Oriental Capital
Also, don't be confused by the price of Wall Street entry. You need to pay attention to the average price of Grayscale, not the average price of ETFs
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Listen to me! The current local dogs have very complicated routines. They often use large funds to fight against the small capital of leeks!
Imagine that the project party provides tens of millions of u funds as a pool. You may think it is a golden dog with a pattern, but in fact it is still a local dog🐶
You don’t know the distribution of tokens. Others open the left hand to guide the right hand, and you can only blindly follow the trend. As a result, you will be cut as soon as you buy
Don’t think this is a simple gamble. You can make money if you run fast. Wrong! This is their ulterior motive design. Leeks are destined to be harvested
Instead of taking risks to gamble on these, it is better to go to Macau DC to try your luck
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Be patient and wait for the rise. Get excited every day. Everyone may be numb! Have confidence! The bull is still there, just going home to eat leeks for a short time! If I don’t have confidence, then it’s over! If you want to know more about the relevant knowledge of the currency circle and the latest information, click on the avatar to follow me. Players who have increased 10 times in a month are also welcome to follow orders. Daily market analysis, high-quality potential currency recommendations #新币挖矿 $SOL
The daily line of Bitcoin has three consecutive inverted lines. Although it is not so standard. But it is also very scary. This is the prelude to a critical blow to the bulls. I said this a few days ago. The previous bull market, the top center broke and formed a 519 retracement. This time the top center broke again. Will history repeat itself?
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Genesis will use flare gas to build a new Bitcoin mining center in Argentina
The data center has a total capacity of 7 megawatts and will use the electricity generated by the trapped gas to effectively convert the gas that would otherwise be burned into electricity to power the BTC mine.
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News: Twitter co-founder Jack Dorsey predicts that the price of#Bitcoinwill reach and exceed $1 million by 2030. Dorsey gave his price predictions and his enthusiasm for Nostr's growth potential in a recent interview with journalist Mike Solana.
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