#DOGE DOGE ETFs switch from consecutive net inflows to redemptions! Can the $0.08 support hold?
Dogecoin hype cools! ETF funds flee, with $0.08 becoming a make-or-break line🐶
Dogecoin DOGE, once hugely popular, is now facing a subdued market atmosphere. Dogecoin ETFs had previously seen three consecutive weeks of inflows, but the trend completely reversed in October as institutional funds began to pull out, putting significant pressure on the price.
📉ETF funds see $540,000 in outflows over two days.
According to SoSoValue data, from October 1 to 9, flows in and out of Dogecoin spot ETFs were virtually flat, with no funds entering or leaving. Instead of a turnaround, a wave of redemptions followed. Around $400,000 flowed out on October 12, followed by another $138,600 on the 13th, bringing total outflows to $540,000 in just two days.
Fund net assets also shrank from nearly $17 million at the start of the month to $14.44 million. The retreat of institutional funds is a major headwind DOGE must now face.
📊The price continues to weaken, with bearish technical indicators.
DOGE is down 14% overall this month. It was still holding at $0.095 at the start of the month, but slid steadily after October 7 and is now trading at around $0.0800.
Although it briefly rebounded to a high of $0.088 on the 12th, the recovery was short-lived, and the price quickly fell again, touching a low of $0.08. Technical indicators are also unpromising: the RSI has fallen below its signal line, while the CMF money flow indicator briefly dropped to near -0.90 and has now recovered to -0.30, indicating that the overall trend of capital outflows remains unchanged.
⚖️Futures market sees a tug-of-war between bulls and bears, with bullish positions weakening.
Signals from the derivatives market are mixed. DOGE open interest first surged to $652 million, then fell to $598 million before edging back up to $609 million. The funding rate remains positive at 0.0088%, indicating that the market still retains some long positions, with bulls continuing to pay fees to bears. However, the overall decline in open interest means bullish momentum in the futures market is weakening.
📌Market Summary and Key Points to Watch
$0.08 is a key short-term support level for DOGE. If it breaks decisively below this level, pressure on bulls will intensify sharply, and the price could fall further. The market is currently weak overall, and the rebound lacks strength, so it is unwise to blindly buy the dip. Watch closely to see whether the $0.08 support holds.#WCTCS9

#日韩股集体大跌
KOSPI +3.3%: A relief bounce or the start of a recovery?
My initial assessment: This appears to be a potential relief rally; however, a single strong session is not enough to confirm a broader recovery. The key question is whether semiconductor stocks can sustain this rebound following the sharp sell-off, or if the gains are merely driven by short covering and bargain hunting.
The gains seen in Samsung Electronics (+3.6%) and SK Hynix (+3.4%) are particularly significant, as the South Korean market is highly sensitive to semiconductor sentiment and the global AI-memory trade.
What is driving the recovery?
1. The sell-off may have overshot the fundamentals
On October 15, the KOSPI fell by 7.57%, closing at a six-month low following seven consecutive days of losses. During this sell-off, Samsung and SK Hynix lost 23.9% and 31.5% of their value, respectively—creating an opening for bargain hunters to return.
2. Memory chip fundamentals remain supportive
Analysts continue to highlight tight memory supply, robust demand related to artificial intelligence, and expectations for rising DRAM prices. This supports the view that the sell-off was driven more by sentiment and positioning than by a collapse in earnings expectations.
3. Global risk appetite has improved
A recovery in U.S. equities, combined with easing concerns regarding AI-related credit risks, has helped fuel a rebound in Asian technology stocks. However, concerns regarding returns on investment in artificial intelligence, financing costs, and interest rates have not dissipated.
A relief rally or a sustainable recovery?
Bullish scenario — a lasting recovery
* The KOSPI remains above its recent low.
* Samsung and SK Hynix continue their recovery.
* Foreign investors return as net buyers.
* Earnings forecasts and expectations for memory chip prices remain robust.
Bearish scenario — a short-lived rebound
* The index rises toward a resistance level and then reverses.
* Foreign investors continue to sell Korean stocks.
* U.S. bond yields rise, or renewed concerns regarding AI valuations weigh on chip stocks.
* Samsung and SK Hynix fall back below their recovery levels.
What should investors watch for next?
The most critical indicator is not the magnitude of the initial rebound, but whether buying pressure is sustained.
Indicator Bullish interpretation
Foreign investor flows Consistent net buying
Samsung and SK Hynix Gains sustained over several sessions
Memory chip pricing Continued strength in DRAM and HBM
U.S. Treasury yields Stabilization or decline
Earnings expectations Maintenance of upward revisions
A key distinction: On October 16, the KOSPI recorded an intraday gain of up to 3.17%, but closed the day up 2.05% at 5,668.05. Consequently, the sharp intraday rally made the final gain at the close appear more significant than it actually was.
My View
Short-term: Cautiously optimistic
A recovery is possible.
Oversold conditions and attractive entry points could support further gains, though volatility is likely to remain high.
Medium-term: Conditional
Not yet confirmed.
A more substantial recovery would require the stabilization of foreign investor inflows, supportive earnings data, and a more durable improvement in sentiment toward the global technology market.
In summary: I view the 3.3% move not as proof that the downtrend has ended, but as a promising first step. Earnings expectations for the semiconductor sector provide a firmer foundation for this recovery—moving it beyond a mere technical rebound—but the market must demonstrate that buyers are willing to hold their positions, even amidst renewed volatility.
A key factor to watch in the near term will be the earnings outlooks from SK Hynix and Samsung Electronics, set to be released on October 28 and October 29, respectively. These reports could prove decisive in determining whether the recent sell-off was an overreaction or if it reflects a more fundamental reassessment of the AI-driven memory market.
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