Grayscale Dogecoin Trust sees inflows as Bitwise ETF liquidates
Dogecoin (DOGE)
Editor:
Eugene Serbin
tradersunion.com reports that Dogecoin is trading at $0.08655, up 7.06% on the day, with price action sitting above short- and medium-term moving averages. The market is reacting to the planned liquidation of the Bitwise Dogecoin ETF (NYSE Arca: BWOW), which will cease trading on October 14 after recording approximately $1.2 million in net outflows. This regulatory action decreases ETF-based access for certain investors and reshapes the institutional landscape for DOGE exposure.
In contrast, data from Blockonomi noted that the Grayscale Dogecoin Trust (GDOG) received $248,510 in new inflows on September 16. These inflows occurred even as the broader market saw selloffs and a 4% decline in DOGE, pointing to selective interest from institutional players. Technically, $0.08304 from the Ichimoku Kijun acts as immediate support, reinforced by the MA-20 at $0.08281 and MA-50 at $0.08136.
The next key resistance is set by the MA-200 at $0.08785, where momentum indicators like MACD and ADX point to buyer dominance. RSI is at 77, highlighting overbought conditions, while Bull/Bear Power favors buyers. Over the coming two to three trading days, DOGE/USD is expected to consolidate between $0.08196 and $0.08831. The likelihood of an upward breakout is considered high, with a breach of $0.08785 potentially accelerating the bullish scenario.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08172, with a 1-hour buy ratio of 46.0% indicating immediate selling pressure. However, the 4-hour buy ratio is higher at 54.1%, suggesting that buying pressure is building over a slightly longer timeframe compared to the immediate short term. The 24-hour buy ratio sits at 49.5%, showing a near-even split in order flow over the full day. Volume delta data reveals a net outflow of -$395,060 in the last hour, contrasting with a net inflow of +$2,009,920 over the past four hours. This indicates that while recent trades have been dominated by sellers, the broader four-hour trend has seen significantly more buying volume. The 24-hour volume delta is -$367,138, but the cumulative CVD for the day closed at +$891,503, reflecting that net buying has occurred over 10 of the past 24 hours.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 47.8%, meaning today's 24-hour ratio of 49.5% is slightly above the weekly norm by 1.7 points. Volume relative to the average is 0.80x, indicating that trading activity is lighter than usual for this time of week. While the daily buy ratio is marginally higher than the weekly average, the volume delta for the 8-day period totals -$14,152,118, showing a consistent net outflow trend. The price has changed -1.4% over the last 8 days, aligning with the net negative volume delta. This suggests that despite the slight uptick in the buy ratio today, the broader weekly context remains one of net distribution.