The post Should Dogecoin traders panic after DOGE’s 132 mln whale inflows? appeared on BitcoinEthereumNews.com.

Key Takeaways Why is Dogecoin under pressure after the whale transfer? A 132 million DOGE inflow to Robinhood has raised concerns of large-scale selling, amplifying short-term market uncertainty. What signals DOGE’s overvaluation? Dogecoin’s NVT Ratio surged to 287, hinting at stretched network value. Dogecoin [DOGE] witnessed a massive transfer of 132 million tokens, worth $27 million, from an unknown wallet to Robinhood, sparking fears of heightened selling activity.  Historically, such whale transfers have often preceded short-term price pullbacks, as large holders typically move funds to exchanges before selling. The transaction’s timing, combined with fading retail demand, highlights the growing market influence of whales. With liquidity thinning across exchanges, any large sell order could heighten volatility. Still, the absence of a sharp price drop right after the transfer showed traders were cautious but not panicking. Can bulls defend $0.22 support? Dogecoin continued to trade within an ascending channel, but faced repeated rejections near the $0.22 resistance. The price hovered close to the $0.18–$0.20 demand zone, a key region where bulls attempted to prevent further decline. The RSI at 39.99 reflected weak buying momentum and mild bearish sentiment. However, as long as DOGE holds above $0.18, the broader channel structure allows room for a rebound. A sustained close above $0.22 might invalidate the current bearish bias and set up a short-term relief rally. Source: TradingView Taker-sell dominance confirms bearish control According to Spot Taker CVD data from CryptoQuant, sell-side dominance has persisted across the last 90 days, confirming that sellers maintained control in the Derivatives market. The imbalance between taker buys and sells signaled lower trader confidence, with many leveraged longs closing their positions. This steady pressure has reduced liquidity depth and raised the probability of sharp intraday swings. Still, a sudden short squeeze could give bulls temporary relief, though current sell…

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Filed under: News - @ October 16, 2025 5:18 am