According to Glassnode, despite recent drawdowns, some assets retain the majority of their supply in profit. In a tweet, the on-chain analytics platform highlighted crypto assets with a high supply in profit and those at the low end. Ethereum and Solana saw the steepest declines in unrealized profits among majors, with a bulk of holders currently underwater.

Dog-themed cryptocurrency Dogecoin was between the high and low end at 50.8%, with over half of its supply still above water. The "supply in profit" refers to the total number of coins in a network that are currently profitable, which means their current price is higher than the price at which they were last moved.

Other assets sit somewhere in between:$BTC: 76.8% (↓ -11.9pp)$TON: 76.7% (↓ -5.5pp)$ONDO: 74.3% (↓ -22.2pp)$DOGE: 50.8% (↓ -32.3pp) pic.twitter.com/UQBsxnHxPp

— glassnode (@glassnode) April 8, 2025

This metric aids in identifying potential market tops by indicating when investors are about to take profits, as a significant number of coins in profit could indicate a potential sell-off.

A figure of 50.8% supply in profit for Dogecoin might suggest a neutral investor base, with nearly equal incentives to sell or hold.

HOT Stories 8,900% Liquidation Imbalance Stuns XRP Bulls ‘Bitcoin Is Digital Gold’: Michael Saylor As BTC Keeps Charging Towards $80,000 Ripple CEO Breaks Silence on Company's Historic Move: Details XRP Beats ETH, DOGE and SOL in This Key Profit Metric

Related
Thu, 04/03/2025 - 15:37 Dogecoin at Make or Break Juncture: Key Levels to Watch
Tomiwabold Olajide

This level — not unduly optimistic, but far from catastrophic — could indicate that the worst may be priced in, and a base may be forming for a potential bounce. It might also signal reduced panic-selling pressure, as half of the DOGE supply remains profitable. There might also be room for upside momentum if positive catalysts appear — particularly if more holders buy in.

DOGE price rebounds

Dogecoin is currently trading near the $0.15 mark, having recovered from recent lows following a broader market rebound.

Related
Mon, 04/07/2025 - 15:36 Bollinger Bands Signal Imminent Rebound for Dogecoin
Godfrey Benjamin

At the time of writing, DOGE was up 6% in the last 24 hours to $0.154. Bitcoin (BTC) clawed its way back to nearly $80,000, launching a relief rally after falling below $75,000 late Monday, causing a surge in major cryptocurrencies.

Dogecoin rose as much as 13%, offsetting some of the previous day's losses, before giving up slight gains.

Crypto-tracked futures saw almost $1.4 billion in liquidations on Monday, as some cryptocurrencies fell more than 20% at one point, paving the way for a rebound as traders liquidated short positions and reversed overextended selling.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。