Dogecoin Investors Realize $124 Million Loss in 24 Hours
On-chain data indicates Dogecoin is the only cryptocurrency in the top 10 where investors are realizing more losses than profits.
Key Points
- Dogecoin investors realized $124 million in losses over the last 24 hours.
- Glassnode reported that in 24 hours, Dogecoin's Realized Loss was approximately $132 million, while Realized Profit was only $5 million.
- In contrast, Bitcoin investors realized $1.3 billion in profit against a Realized Loss of $33 million.
- Ethereum's metrics showed a Realized Loss of $18.4 million, and Realized Profit of $35.2 million.
- The dominance of profit realization in Bitcoin could signal potential market tops, whereas increased loss-taking might lead to upward reversals for Dogecoin.
DOGE Price
Dogecoin reached $0.170 over the weekend but has since retraced below $0.165.
