DEXE dumps 15% as seller dominance surges – Warning sign?
The post DEXE dumps 15% as seller dominance surges – Warning sign? appeared on BitcoinEthereumNews.com.
DEXE fell sharply even as the broader crypto market rebounded on easing global tensions and ceasefire talks. The altcoin dropped from $9.2 to $7.3 after losing the $8 support level. At press time, Dexe [DEXE] traded at $7.6, down 15.27% daily. The weekly loss stood near 8%. The drop pushed the altcoin below its Parabolic SAR, signaling strong downside pressure. Why did DEXE turn bearish? DEXE erased its weekly gains as traders exited positions and sentiment flipped bearish. The token had traded in an uptrend through March and the past week. That move attracted profit-taking near recent highs. Source: TradingView Seller Dominance rose to 930k, while Buyer Dominance dropped to 582k. At the same time, Sellers’ Strength climbed to 62 as Buyers’ Strength fell to 37. This shift confirmed rising sell-side pressure. That move aligned with a 109% surge in trading volume, largely driven by selling activity. Sustained selling pressure typically weakens price structure. Are DEXE traders exiting derivatives positions? As the market started to cool and retraced, investors withdrew capital from futures markets to reduce exposure. According to CoinGlass data, Open Interest [OI] dropped 1.37% to $20 million while Derivatives Volume rose 80%. The mismatch suggested increased selling activity in the derivatives market and a reduction in positions. Source: CoinGlass At the same time, Futures outflows increased, rising to $14.7 million, while inflows dropped to $14.36 million. As a result, the futures net flow declined by 172% to -$342k, indicating aggressive selling activity. This suggested that most traders in the futures market reduced exposure and closed their positions. In most cases, when traders close their positions aggressively during a downtrend, it shows strong bearish sentiment. Source: CoinGlass What comes next for DEXE? Momentum indicators reflected a weakening structure after the recent drop. The MACD and SMA showed price pulling…
Filed under: News - @ April 9, 2026 4:21 am