2026-01-03 13:27:23

Dogecoin has recently gained momentum, with the price soaring over 12% in one go, breaking through the long-standing downtrend and surpassing $0.132. Sounds good, but on-chain data has poured cold water on the enthusiasm—the supply of Dogecoin on exchanges is rapidly increasing. It is said that a major exchange account's holdings may have jumped from about 7.9 billion to 10.9 billion coins in 2025, clearly indicating a significant sell-off risk.

Derivatives are also quite interesting. The bullish camp is obviously very confident, with positions reaching $850 million, compared to only $22 million in the bearish camp. This not only shows that the upward momentum is strong but also means that the pressure of liquidation is gradually building up. In the short term, more people are bullish, but the risk is also rising—when the market reverses, these high-leverage positions could become the trigger point.

DOGE1,16%

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MidnightGenesis

· 01-05 19:52

On-chain data shows that the 3 billion incremental tokens are quite interesting. Unsurprisingly, exchanges are quietly stockpiling, and anyone with a keen eye can tell when they are about to dump.

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GasFeeSobber

· 01-05 01:33

Here comes another Dogecoin drama. It has risen, but I can't quite sit still. Wait, the exchange's coin holdings jumped from 7.9 billion to 10.9 billion? How many people want to dump? Over 850 million long leverage against 22 million short, this huge disparity smells a bit dangerous, friends. The more people are bullish, the greater the risk of liquidation. This rule is truly foolproof. In the short term, maybe it's better to stay on the sidelines for now. These on-chain data just don't feel solid enough.

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LonelyAnchorman

· 01-04 11:51

This wave of Dogecoin gains looks tempting, but the exchange coin volume has surged... really need to be cautious --- An 8.5 billion USD long position piled up, and a reversal would mean a slaughterhouse --- 0.132 is nothing special for a breakout; on-chain data is telling a story --- Exchange coin volume jumped from 7.9 billion to 10.9 billion, isn't this a signal before a dump? --- The more people are bullish, the greater the risk; this market is so counter-human nature --- High leverage liquidation is where the real fun begins --- Short-term bullishness ≠ guaranteed profit; don’t be blinded by a 12% increase --- Leverage positions piling up like this will eventually explode --- The exchange supply volume is so suspicious, I dare not chase it

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ChainWanderingPoet

· 01-03 13:57

Another wave of pump and dump, I bet five bucks this rally is just the exchange's prelude to dumping The real story is the exchange's frantic accumulation, don't be fooled by the 12% increase The bulls are so excited, but the real show starts when liquidation happens FOMO buyers at high levels, wait for the dip and come find me haha This data clearly signals a top, everyone trading derivatives, take care of yourselves

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ThatsNotARugPull

· 01-03 13:56

Damn, these long positions with 850 million leverage are really stacking up. How many people will get liquidated when the reversal happens... The exchange's coin volume jumped from 7.9 billion to 10.9 billion. The selling pressure is quite intense, and a 12% increase feels very fragile. Dogecoin is once again enticing with fake moves, classic case. This wave of long-short ratio is ridiculously skewed, it has to come back for a correction to educate these people. The surge in supply, how does it seem more worth paying attention to than the price breakout... 0.132, so what? It's the exchange dumping that really matters.

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BlockchainRetirementHome

· 01-03 13:47

Hey hey, it's the same old trick again. Behind the pump, it's all exchanges dumping, and players are still frantically adding leverage. Isn't this just digging their own graves? The illusion of prosperity built on $850 million long positions—margin calls could be just around the corner. Wait, is the 10.9 billion coins sell-off real? How long would it take to dump that? Another high leverage trap is coming. Brothers are still sleepwalking. The old trick of short-term surge and long-term distribution. I've seen this crap too many times.

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AirdropLicker

· 01-03 13:47

Haha, it's the same old trick. After a surge, someone starts to buy the dip. No matter how strong the rally is, it can't withstand the exchange's疯狂 dumping. With so many long positions, a reverse爆仓 show would be really绝. Thinking of running at 0.132? I'm watching. The exchange has accumulated so much, this wave可能有人要割韭菜了. Leverage positions are so large, the火药味十足啊. Instead of watching the涨幅, better to see who is跑.

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ZenMiner

· 01-03 13:41

Oh no, it's the same old trick again. When it rises, they say the momentum is strong, but the exchange coins are piling up more and more... Feels like they're preparing to dump the market. Wait, 850 million longs versus 22 million shorts? That ratio is incredibly exaggerated. When liquidation happens, it might be a bloodbath. Honestly, at times like this, I prefer to mine honestly. No leverage trading, it’s just not exciting enough. On-chain data is the real king. Don’t be fooled by the price increase; those 3 billion new coins entering exchanges are indeed a bit scary. Actually, this wave of Dogecoin might just be a bottom-fishing play by the dip buyers. Let’s wait and see for a reversal.

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StrawberryIce

· 01-03 13:29

It's the same old trick again. When the market is pumped, people jump in. The fact that exchanges are stockpiling tokens has long been obvious; sooner or later, there will be a dump. Bullish traders are piling up with 8.5 billion positions. Uh... aren't they just waiting to be shorted back? I've seen the thrill of liquidation too many times. What's so special about 0.132? The real question is when those 30 billion Dogecoin will be dumped. When that happens, it won't be the bullish people laughing anymore. Feels like another trap to lure in more buyers. Better stay alert.

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NeverVoteOnDAO

· 01-03 13:28

Dogecoin is putting on a monkey show again... A 12% increase looks satisfying, but what about the 3 billion coins dumped by the exchange? This is a typical false breakout. Longs with 850 million versus shorts with 22 million? The ratio is way off, let's wait and see the liquidation show.

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