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Today $DOGE surged strongly, and the main trigger was the official listing of the European compliant Dogecoin ETF.
Simply put:
Europe officially opens the channel for compliant Dogecoin ETFs, allowing traditional institutions, large funds, and overseas retail investors to legally and compliantly enter the market to buy the dip and position. To put it bluntly, major brokerages are starting to brainwash European seniors into crypto, and they are beginning to buy, buy, buy Dogecoin.
Coincidentally, in the past two days, Bitcoin and Ethereum haven't experienced major fluctuations, which hasn't caused Dogecoin to drop sharply.
From smart money, it can be seen that most people entered short at the consensus level of 0.1, with the volume chasing only half of that.
Today's volume-increasing candlestick also fully confirms this: European stocks open at 3 o'clock, and Dogecoin starts to rally at 3 o'clock. It can only be said that the participation ability of the seniors is really strong, but ETF investors chasing high cannot short back, only passively selling to cut losses.