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.
Summary
- Dogecoin recorded $538.16 million in weekly spot outflows against $480.96 million in exchange inflows alone.
- CoinGlass figures indicate net outflows of $57.2 million, although individual whale purchases remain unconfirmed independently.
- DOGE traded near $0.085 on October 11, following an approximately 9% seven day price decline.
- Analyst Giannis Andreou identified $0.092–$0.095 as confirmation levels before considering higher Dogecoin price targets ahead.
- Bitwise confirmed its Dogecoin ETF will stop trading October 14, with shareholder distributions scheduled afterward.
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during the reporting period, although they do not establish that large investors purchased Dogecoin or moved the withdrawn assets into long-term storage.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 records $57 million in weekly net outflows
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.
When cryptocurrency leaves an exchange, the transfer can reflect withdrawals into private wallets, movement between trading platforms or other operational activity. Market participants sometimes interpret sustained exchange outflows as a possible indication that investors intend to hold their coins.
However, the reported figures do not identify the owners of the transferred assets or establish their reasons for moving them. The suggestion that Dogecoin whales are accumulating during the price decline therefore remains unconfirmed by the reported spot flow data.
Previous blockchain investigations have identified individual Dogecoin purchases by large holders using transaction records and wallet attribution.
For example, a July report on Dogecoin whale accumulation identified purchases totaling 200 million DOGE, worth approximately $14 million, through Robinhood. The October 11 figures do not provide equivalent evidence tying the latest net outflows to specific whale addresses.
Dogecoin price falls nearly 9% as sellers remain active
Dogecoin’s exchange flow figures emerged during a week of declining cryptocurrency prices. CoinGecko data showed DOGE trading around $0.085 on October 11, down approximately 0.8% over 24 hours and 8.9% over the preceding seven days.
The cryptocurrency had a market capitalization of approximately $13.29 billion, with roughly 156.28 billion tokens circulating. Trading volume reached approximately $330 million over 24 hours. DOGE traded between $0.08488 and $0.08650 during the latest daily period, according to the same market snapshot.
Earlier in October, the cryptocurrency had traded closer to $0.0955 before renewed selling pressure pushed it lower.
A previous Dogecoin price analysis for October identified $0.10 as an important level for a possible recovery, while noting the token’s difficulty maintaining gains above that price. The October 5 analysis placed DOGE near $0.0955, before the subsequent weekly decline.
At the latest quoted price, Dogecoin would need renewed buying pressure to return to that earlier trading range.
CoinGecko’s market data does not identify a single event responsible for the decline. The broader cryptocurrency market experienced selling pressure during the same period, including withdrawals from U.S. cryptocurrency investment funds.
An October 10 review of cryptocurrency ETF flows found that funds tracking Bitcoin, Ethereum, Solana, Hyperliquid and Zcash recorded combined withdrawals of approximately $1.29 billion during October 5–9. The figures concern investment funds holding other digital assets and do not directly measure Dogecoin exchange flows.
Can Dogecoin recover toward $0.117?
Cryptocurrency analyst Giannis Andreou has identified several price levels that could determine whether Dogecoin begins recovering from its recent decline. In an October 11 post, Andreou suggested that DOGE could develop a recovery pattern if its price stabilizes between $0.082 and $0.087.
According to the analyst, sustained trading within that range would provide an initial foundation for a potential rebound.
However, he identified a move above $0.092–$0.095 as the first stronger confirmation of improving market conditions. The analyst expects a successful retest of that price area to be necessary before considering higher targets. If DOGE clears the range and maintains support, Andreou sees $0.100–$0.105 as the next possible area of interest.
Beyond that, he identified $0.115–$0.117 as a conditional upside target. His scenario remains dependent on the cryptocurrency recovering through several resistance levels. The analyst warned that a decline below $0.0795 would invalidate the current technical setup.
The targets are chart-based possibilities, not confirmed future prices or evidence that the recovery has already started.
Earlier technical research on Dogecoin’s trading levels identified liquidity around $0.092 in September, although the price and positioning data reflected conditions at that time. At the October 11 price near $0.085, DOGE remained below Andreou’s first confirmation area.
Bitwise Dogecoin ETF faces October 14 trading deadline
Dogecoin investors face another scheduled event as Bitwise prepares to close its U.S.-listed Dogecoin exchange-traded fund.
According to a September 10 filing with the U.S. Securities and Exchange Commission, Bitwise plans to end trading in its Dogecoin ETF, ticker BWOW, on October 14. The asset manager announced the liquidation after determining that it would close the product as part of adjustments to its investment fund lineup.
The company did not identify a single cause for the closure in its official statement. BWOW began trading in November 2025, providing investors exposure to Dogecoin through a regulated securities product.
A September report on the Bitwise Dogecoin ETF closure noted that the fund had operated for approximately 10 months before the liquidation announcement. Under Bitwise’s schedule, October 14 will be the last trading day for investors wishing to sell their shares on NYSE Arca.
The fund expects to convert its Dogecoin holdings into cash as part of the liquidation process. Shareholders who retain their positions will receive cash based on the fund’s net asset value calculated on October 21. Bitwise expects to distribute those proceeds on October 22 without requiring shareholders to submit separate redemption instructions.
The company has warned that liquidation distributions may create taxable events for affected investors. In its official announcement, Bitwise said it had coordinated with NYSE Arca to arrange the fund’s closure and delisting. The filing does not establish that the upcoming liquidation caused Dogecoin’s latest price decline or the reported $57.2 million in net spot outflows.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
