Even though most holders are in profit, heatmap liquidity data suggests some investors are optimistic about the price going down.As of this writing, Dogecoin was priced at $0.1073, a 1.5% surge in the last 24 hours. Its market capitalization stood $15.2, according to CoinMarketCap data.
The trading volume spiked by 36.63%, reaching $954.5 million. This increase in trading could mean more people are getting interested in the coin. Dogecoin’s price has been fluctuating lately. It went up by 1.5% in the last 24 hours, but fell by 12.15% in the last seven days. Even with these changes, most DOGE owners are still in profit.
IntoTheBlock data shows 73% of addresses holding DOGE are “in the money,” meaning they bought at a lower price than it is now.Further, AMBCrypto’s analysis of the IntoTheBlock data shows that 62% of all Dogecoin is in the hands of these large investors. This indicates that a small number of people could have a big effect on its price.Interestingly, even though most holders are in profit, heatmap liquidity data from Coinglass suggests some investors are optimistic about the price going down.