DOGE Spot Flow Turns Negative as $253M Liquidations Hit
Dogecoin (DOGE) remains under pressure as spot flow turns negative amid a broader crypto sell-off. CoinGlass data shows DOGE spot inflows of $83.26M versus outflows of $97.17M in 24 hours, leaving a net outflow of $13.92M and a reported spot flow drop of 1,120.38%.
Traders also faced risk-off conditions. Total crypto liquidations across exchanges rose to about $253M, with longs around $203M and shorts near $50M, a mix that can accelerate volatility during forced selling.
Technically, DOGE failed to reclaim resistance after a three-session rise (Mar 23–Mar 25). It stalled near the 50-day moving average (~$0.095), then slipped to around $0.09132 (down 5.28% on the day). Market focus now shifts to support near $0.08, while resistance is likely near the 50-day area (~$0.095) if DOGE tries to bounce.
Overall sentiment stays cautious, with the Crypto Fear and Greed Index in “fear” and options pricing favoring downside protection, implying DOGE rallies may struggle until spot flow improves.
Bearish
For DOGE specifically, the news flow is net-negative. The sharp deterioration in DOGE spot flow (net outflow) suggests coins are leaving spot exchanges, but the immediate implication is demand uncertainty rather than a clean accumulation signal. Combined with ~$253M of liquidations—dominated by long liquidations—this creates a high-volatility, risk-off setup that can weigh on price.
In the short term, DOGE failing to reclaim the 50-day moving average and slipping toward the $0.08 area increases the probability of further downside or a choppy breakdown-to-support pattern. In the longer term, a sustained improvement in DOGE spot flow (turning net inflow) and a successful hold above/around the 50-day level would be needed to shift sentiment away from “fear” and reduce the pressure from derivatives positioning.