Dogecoin Bleeds $132M — Bitcoin and Ethereum Extend Profit Lead

  • Dogecoin remains in the “Hope/Fear” zone with weak market sentiment indicators.
  • Bitcoin’s minimal losses show strong investor confidence and holding strength.

Dogecoin has emerged as the biggest loser among top cryptocurrencies in the last 24 hours. Glassnode data shows that Dogecoin ($DOGE) logged $132 million in realized losses, with just $5 million in realized profits. 

This imbalance makes it the only top 10 cryptocurrency to record significantly higher losses than gains. In contrast, Bitcoin ($BTC) posted $1.3 billion in realized profits and only $33 million in losses, meaning just 2.5% of profits were offset.

Ethereum ($ETH) showed a more balanced figure, with $35.2 million in profits against $18.4 million in losses. This means Ethereum’s realized losses equaled around 52% of its profits, still much better than Dogecoin’s position. 

Glassnode’s Profit & Loss dashboard places Bitcoin in the “Belief/Denial” phase, suggesting investor confidence remains strong. Ethereum, XRP, and Tron are in the “Optimism/Anxiety” zone, while Dogecoin lingers in the “Hope/Fear” range, indicating market hesitation and uncertainty.

DOGE Price Holds Key Levels but Lacks Momentum

Dogecoin is currently trading at $0.1652, showing a minor 1.19% decline in the past 24 hours. Market data suggests a short-term support level is forming near $0.163, where buyers have previously entered. Resistance is likely near $0.177, a level that has capped recent rallies.

Source: Coinmarketcap

The price trend remains range-bound, with no clear breakout direction. DOGE can either break above the $0.177 resistance or fall below the $0.163 support. 

Until a decisive move happens, the coin is expected to continue trading sideways. With sentiment still in the “Hope/Fear” phase, Dogecoin may continue to underperform unless broader market dynamics shift in its favor.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

RL1 Launches Regulated Blockchain Network With 10 Banks 

RL1 launches with 10 financial institutions as founding members. The...

NSE Tether Partnership Explores Tokenized Securities in Kenya

NSE and Tether explore tokenized securities infrastructure in Kenya. USDT...

CLARITY Act Debate Intensifies as Haridopolos Warns on US Crypto

CLARITY Act supporter Haridopolos urges Senate action before recess. Senate...

Bitcoin Price Drops to $63,400 as Whales Accumulate 19,700 BTC

Bitcoin price loses $65,000 as short-term bearish pressure strengthens. Whale...

Ondo Network Replaces Layer 1 Plan With Faster Trading Model 

Ondo Network replaces the planned Ondo Chain Layer 1...

Topics

RL1 Launches Regulated Blockchain Network With 10 Banks 

RL1 launches with 10 financial institutions as founding members. The...

NSE Tether Partnership Explores Tokenized Securities in Kenya

NSE and Tether explore tokenized securities infrastructure in Kenya. USDT...

CLARITY Act Debate Intensifies as Haridopolos Warns on US Crypto

CLARITY Act supporter Haridopolos urges Senate action before recess. Senate...

Bitcoin Price Drops to $63,400 as Whales Accumulate 19,700 BTC

Bitcoin price loses $65,000 as short-term bearish pressure strengthens. Whale...

Ondo Network Replaces Layer 1 Plan With Faster Trading Model 

Ondo Network replaces the planned Ondo Chain Layer 1...

Strategy Cash Reserve Hits $3.75 Billion After $544.5M Sale 

Strategy cash reserve climbs to $3.75 billion after equity...

Zcash Ironwood Upgrade Goes Live on July 28 With New Pool 

Zcash Ironwood Upgrade activates at block 3,428,143. New shielded pool...

SUI Holds $0.72 Support as $9.76M Token Unlock Nears

SUI trades near $0.72 after falling over 80% from...
spot_img

Related Articles

Popular Categories

spot_imgspot_img