⚠️ Dogecoin records $57M net outflows: What’s next?

❗️ Dogecoin has recorded approximately $57.2 million in net spot outflows over seven days, with CoinGlass reporting $538.16 million in outflows against $480.96 million in inflows as DOGE fell nearly 9% during the week. CoinGlass data showed a seven-day spot net flow percentage of -599.50%, alongside continued pressure on the cryptocurrency’s price. The figures indicate that more funds left the tracked spot market than entered during the reporting period, although they do not establish that large investors purchased Dogecoin or moved the withdrawn assets into long-term storage.

⚡️ Meanwhile, Dogecoin traded near $0.085 on October 11, according to CoinGecko, after declining from levels above $0.09 earlier in the month. Dogecoin’s latest spot flow data shows a difference between funds moving into and out of cryptocurrency exchanges during the past seven days.

🔖 According to the CoinGlass data, total inflows reached $480.96 million, while outflows amounted to $538.16 million. The difference produced net outflows of $57.2 million. CoinGlass’s reported -599.50% spot net flow indicator describes a change in its percentage-based metric. It should not be interpreted as a 599% decline in total trading activity. The dollar figures provide a more direct comparison of exchange movements during the period.