2026-02-25 08:44:39
Dogecoin On-Chain Losses Hit Record High: 1,100 Days of "Profit Days" Warning that DOGE May Enter a Two-Year Bottoming Cycle
February 25 News, Dogecoin (DOGE) is currently in a critical structural and technical range. On-chain research firm AMBCrypto pointed out that its price has entered a rare historical discount level, a characteristic often associated with long-term bottom formation rather than short-term reversal signals. Data shows that the "profit days" indicator has risen to a new high of 1100 days in history, indicating that the vast majority of historical trading days had prices above the current level, and many DOGE holders are still in deep unrealized losses.
This phenomenon typically occurs during the later stages of a market correction cycle, reflecting that there is still significant remaining supply in the market, while long-term holders are numerous. However, structural cycle indicators have not yet released clear bottoming signals. From the perspective of net position changes among holders, during the 2021 and 2024 bull market ends, a large amount of DOGE was sold at cycle tops, while continuous buying in the $0.095 to $0.34 range significantly increased the overall holding costs.