狗狗币价格在5720万美元交易所流出后报0.0868美元：表现弱于市场

Dogcoin Price: Net outflow of US$57.2 million in 7 days

On Sunday evening, the price of DOGE was US$0.0868, up only 1% from the previous trading day. The more noteworthy indicator for the day was not chart data, but the flow of funds on the exchange: in the past seven days, a total of US$57.2 million in dogcoin had net outflow from the trading platform. Specific data shows that the inflow was US$480.96 million, and the outflow was US$538.16 million. The above data comes from CoinGlass, and statistics are as of October 11.

Normally, outflows of funds from exchanges are seen as a good sign because assets held in private addresses cannot be sold immediately. However, this effect did not appear this week. During the same period, the price of dogcoin fell by 7.84%. If you own Dogecoin, it is crucial to understand what the indicator measures and what it doesn't measure.

As of October 11, the trading price of Dogecoin was US$0.0868. Intra-day fluctuations range from $0.0849 to $0.0875, with a market value of $13.57 billion and a turnover of $395 million in the past 24 hours. All market data in this article comes from CoinGecko, with statistics ending on October 11.

The net outflow of US$57.2 million in 7 days may sound huge, but it actually only accounts for 0.42% of market value. This figure describes the difference between two relatively large volumes of traffic: $480.96 million was transferred to exchange accounts this week, while $538.16 million was transferred out. The final net remaining amount is the meager balance left after two capital flows of about US$500 million offset each other. It would seem far-fetched to interpret this data as evidence of a buying wave.

Current values can be publicly queried in CoinGlass's spot inflow and outflow sections. Users can view the value of each token and each time window without relying on summary data.

Analysis of spot inflows and outflows: How exchange funds affect dogcoin prices

Spot inflows refer to the total amount of crypto assets transferred from private addresses to centralized trading platform addresses over a period of time. Spot outflows are in the opposite direction, that is, withdrawals from exchanges to external addresses. Net value is the difference between the two. This indicator measures the path funds move, not the intention behind them.

The usual conclusion is that inflows increase tradable supply, often putting pressure on prices; outflows tighten supply. This relationship does exist, but it only describes one aspect of the equation. Simple supply changes will not drive prices. If there are no buyers willing to take over the offer at a higher bid, tightened supply will be just tightened supply and will not have any effect.

In addition, Dogecoin faces more serious measurement problems than Bitcoin: withdrawals from exchanges may just be transfers between different platforms, transfers to custody by payment service providers, or liquidation of products. In all these cases, the indicators performed the same. It describes the direction, not the cause.

Outflows simply indicate that assets have left the "courtyard". Where and why they go are not reflected in the numbers themselves.

One-week decline of 7.84%: Dogecoin fell more than Bitcoin and Ethereum

过去一周，狗狗币下跌7.84%。同期比特币下跌1.79%，以太坊下跌6.01%，Solana下跌7.86%。因此，狗狗币的弱势并非孤立现象，但处于竞争梯队的前端。

放眼30天周期，差距更为明显。狗狗币上涨1.49%，比特币上涨7.60%，Chainlink上涨13.86%。9月23日的月度高点0.1004美元比今日价格高出13.47%。过去30天的均价为0.0904美元，比当前水平高出3.96%。

0.0840美元与0.0890美元：当前狗狗币价格附近的两个关键位

向下看，下一个具有参考意义的支撑位是周低点0.0840美元，出现在10月9日（周五）。在此之下，月度走势中直至9月16日的0.0801美元前，没有其他明显的价格停留点。

向上看，0.0890美元是关键阻力位，该水平来自10月8日，即大跌前一天的价格。在过去三天内，价格未能收复该水平。昨日文章中曾将0.0871美元视为空头下一个目标，但该水平已被突破两次并反弹两次，使其作为分界线的参考意义失效。

第三个参考点来自30日均线0.0904美元。只要价格低于此线，每一次反弹在算术意义上都只是在下降月份内部的运动，而非突破。

Bitwise关闭DOGE ETF：自10月10日以来的最新进展

我们在10月10日曾在此处报道过Bitwise DOGE ETF的清算事宜。当时的价格为0.0862美元，今日为0.0868美元。两天间变动0.74%，而周度整体仍下跌7.84%。自那以来，局势既未恶化也未好转。

该基金的交易将在10月14日（周三）结束后终止。这影响了本周的净流出数据，因为产品清算所涉及的持仓转移在统计上可能被视作普通的交易所流出。然而，由于该基金的规模仅为六位数低段，远不足以解释5720万美元的流出量。大部分资金流动来自其他来源。

换手率与市值比为2.9%：狗狗币交易量高于比特币

分析局势的第二条路径是换手率，即每日成交额除以市值。狗狗币为3.95亿美元对比135.7亿美元，比率为2.9%。比特币为0.9%，以太坊为2.8%，Solana为2.7%，Chainlink为2.2%。

高比率意味着每天有大量股份易手。对于持有者而言，这是双刃剑。流动性良好，大额订单能找到对手方。但同时，价格对个别地址的反应更为敏感，因为较少部分的股票被长期锁定。

这一比率与交易所资金流向的情况相符。当一周内有5亿美元转入交易平台，又有5亿美元转出时，持仓并非静悄悄地转入托管状态。在这样的市场中，大量交易发生，但长期持有意愿较低。

For seven consecutive days, the weekly balance of dogcoin pointed to decline.

Withdrawal fees and network fees: What does it cost to leave the exchange?

To move tokens out of the trading platform or between different platforms, you need to pay two fees: the exchange withdrawal fee and the chain network fee. The Internet fee for dogcoin is low, but the fixed withdrawal fee on the exchange is often not low. Therefore, it is valuable to check your platform's rate page before transferring money, because fixed fees are deducted as DOGE and account for a large proportion of small amounts.

Self-custody instead of exchange accounts: How to use your own wallet

Self-custody means that your private key is in your hands, not your company. This difference becomes apparent only when trading platforms go down, stop service, or freeze accounts.

In practice, you need a wallet that supports dogcoin. Not all devices support it because DOGE has its own blockchain and address format; dogcoin addresses start with a "D". Please confirm support before purchasing equipment. For which models support this chain and its price, please refer to our Hardware Wallet Comparison article.

The principle for first withdrawal is the same as for any transfer to a new address: transfer a small amount of test first, and then transfer the rest. On the dogcoin chain, the incorrectly copied address cannot be recovered just like any other chain. Mnemonic words should be written on paper or metal plates and should not be saved in photos, notes apps, or password managers synchronized to the cloud.

The legal framework is also worth pondering. With the full application of European crypto asset market regulations, providers holding crypto assets for customers need to be authorized and regulated. Self-hosting is not included. By owning your own coins, you have no provider behind it; this decision replaces counterparty risk with personal liability.

Holding periods and tax exemptions: Tax consequences triggered by transferring to your own wallet

Transfers between two wallets you own are not sales. No disposal occurred and therefore did not constitute a private disposal transaction within the meaning of Article 23 of the German Income Tax Law. The holding period continues to be calculated and the acquisition date remains unchanged.

The key is whether you can prove correlation. The tax bureau can only see the movement between addresses on the chain, but cannot know that both ends belong to the same person. Therefore, please save the exchange's transaction history file and record the destination address before withdrawing cash. After the account is closed, the export function is often no longer available. Without a record of the acquisition date, a tax-free sale after twelve months may quickly turn into an estimated gain.

For sales within one year, a tax exemption of € 1000 applies, which summarizes all private disposal transactions during the calendar year. Beyond this amount, all income will be subject to tax, not just the excess. If you don't want to record manually, use a portfolio or tax tool that records history by address.

Editor's evaluation: Outflows without new demand cannot support the price of dogcoin

从编辑部的角度来看，本周摆在我们面前的三个证据中，5720万美元的净流出是最弱的。有三个数字支持这一观点。首先，它仅占1357亿美元市值的0.42%。其次，它是建立在双向超过10亿美元的总成交量之上的；净值只是两大流量边缘的噪音。第三，价格恰好在同一窗口期内下跌了7.84%，这反驳了任何人为收紧供应的说法。

也有反对意见，且我们无法完全驳斥：流出具有滞后性，而一周是一个较短的时间窗口。如果未来几天趋势持续，且价格在此过程中收复0.0890美元，那将是一个坚实的信号。在此之前，我们将局势解读为缺乏新需求的重新洗牌。这明确不是买卖建议；加密货币资产存在归零的可能。

狗狗币价格0.0868美元：无新增需求的流出无法支撑其价格

在解读之前，请自行查阅净值。CoinGlass显示每枚代币及每个时间窗口的现货流入和流出。仅凭占市值0.42%的单周数据，不足以 justify 重组投资组合。同时，在审查平台条款时，我们的交易所对比文章有助于了解固定提现费用。

将保管权问题与价格分开决策。无论DOGE价格是0.0868美元还是0.0950美元，都不改变谁持有私钥的事实。查阅我们的硬件钱包对比文章，了解哪些设备支持狗狗币链，并通过小额测试路线。

Make sure the evidence is complete before withdrawing money. Download the exchange's transaction history and record the date of acquisition and destination address so that the holding period can be documented in accordance with Article 23 of the German Income Tax Law. See our Tax Tool Comparison article for related tools.

(As of October 11, 2026. This article does not constitute investment advice. Price and rate structures are subject to change; please check terms with your provider before purchasing.)