🐶 Dogecoin ( $DOGE ): Spot Market vs ETF - Who Wins?


Market Capitalization: $22.6B.

Dogecoin continues to surprise - the meme coin stays afloat despite ETF failure.

🟡 Grayscale's DOGE ETF, launched in November, turned out to be one of the weakest this year: volumes dropped to a laughable $142,000 against expected $12M. Institutions clearly aren't rushing into ETFs, preferring exchange trading.

What's happening now❔

🗣The spot market is boiling - DOGE trading volume exceeds $1.1B per day, showing sustained trader interest.

🗣Whales were active two weeks ago, buying 550M DOGE worth $71.8M between December 3-6. This is the first major purchase in two months, after a long whale wallet distribution.

🗣Open interest in DOGE futures grew 10.29% in 24 hours, reaching $1.49B.

🗣Average order sizes are increasing - a classic sign that major players are preparing for a move.

Trading levels:📈 📉

📈 Break above $0.1307 - target $0.137 and further to $0.145.
📉 Break below $0.126 - risk of falling to $0.12.

Conclusion:
The gap between weak ETFs and high spot demand shows the market votes for direct trading. Whales are accumulating positions, creating conditions for short-term volatility with upward momentum.

📈 Open trade with $DOGE ‌🔗 Chat • X • HRUMfamily
DOGE2.2%
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