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Dogecoin sees $57M net outflows amid 9% weekly price drop and Bitwise ETF closure.

Market News
11 Oct 2026
Crypto news
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Bearish
Dogecoin sees $57M net outflows amid 9% weekly price drop and Bitwise ETF closure.

Dogecoin experienced $57.2 million in net spot outflows over the past week, with outflows exceeding inflows by $538.16 million to $480.96 million. The price of DOGE fell nearly 9% during this period, trading near $0.085 on October 11. Analyst Giannis Andreou identified key price levels between $0.092 and $0.095 as crucial for confirming a potential recovery, with higher targets up to $0.117 if those levels hold. Additionally, Bitwise announced it will stop trading its Dogecoin ETF on October 14, with shareholder distributions planned shortly after, potentially impacting market sentiment. These developments highlight ongoing selling pressure and uncertainty around Dogecoin's short-term price direction.

Dogecoin's recent $57.2 million net outflows set the scene for this update. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 11, 2026 17:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 20 rose and 29 fell today. Notable movers include DOT (Polkadot) at Rp22.034 with a 1-day change of -2.21% and Pluang order activity showing 71% Sell / 29% Buy, AVAX (Avalanche) at Rp184.037 down 2.19% with 59% Sell / 41% Buy, and FTM (Fantom) at Rp11.382 down 2.05%.

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