Dogecoin (DOGE) price has recently struggled with momentum, failing to break key resistance levels. As of press time, DOGE is holding at $0.169, just above the crucial support of $0.164.
This stagnation hints at the potential for further declines, but key investors are still holding strong.
Dogecoin Is Facing Challenges
The liquidation map reveals that approximately $216 million worth of long positions could face liquidation if Dogecoin’s price declines to $0.150. This price is not far from its current critical support of $0.164.
If DOGE drops below this level, the liquidation of long contracts could fuel a further sell-off, pushing the price lower. This would likely prompt more bearish sentiment among traders, discouraging new investments in the meme coin.
Moreover, the threat of liquidation looms large as the price hovers near critical support levels. If DOGE continues to weaken, traders may be more inclined to exit positions, exacerbating the downtrend.
On the other hand, Dogecoin’s long-term holders (LTHs) seem to be focused on accumulating the asset at its current low price.
The HODLer net position change shows an increasing number of LTHs who are confident in eventual price recovery. As DOGE remains relatively inexpensive, these investors view the current conditions as a potential opportunity for future gains.
This accumulation by LTHs could serve as a buffer against further price declines. Their confidence in Dogecoin’s recovery and long-term potential is helping to sustain the current price levels. If these holders continue to accumulate, it could prevent a drastic drop and even pave the way for a future price rebound.
Dogecoin HODLer Net Position Change. Source: Glassnode
DOGE Price Correction Unlikely
At the time of writing, Dogecoin is trading at $0.169, just above the critical support of $0.164. The altcoin has been unable to break the $0.176 resistance for several days, showing signs of stagnation.
The likely outcome is continued consolidation above $0.164 as investors await a potential catalyst for upward movement.
If Dogecoin manages to breach the $0.176 resistance, it could quickly rise to $0.198, marking a positive shift in sentiment. This would likely encourage more buying activity and help push the price higher.
However, without sufficient momentum, DOGE will remain trapped within its current range, potentially facing further consolidation.
If the price falls below $0.164, it could slip to $0.147 in the coming days, triggering more than $216 million in long liquidations. This scenario would signal a shift toward bearish momentum, invalidating Dogecoin’s bullish outlook.
The coming days will be crucial in determining whether DOGE can recover or continue its decline.
Stellar (XLM), an open-source blockchain known for fast and low-cost cross-border payments, is drawing the attention of both retail and institutional investors in 2025.
However, the concentrated distribution of XLM supply and its potential for real-world asset (RWA) applications present opportunities and challenges.
What Does the Concentrated Supply and Rising Exchange Balances Mean?
One major concern about Stellar is the concentration of XLM supply. According to Flipside Crypto, the top 10 XLM wallets hold approximately 25 billion XLM. The total circulating supply is 30.9 billion XLM, meaning nearly 80% of the supply belongs to a small group.
This raises questions about decentralization. A few entities holding large amounts of tokens could significantly influence the market. Meanwhile, about 90% of XLM holders own less than 100 XLM.
This imbalance shows that most retail investors have little impact on price. As a result, the market faces volatility risks if “whales” decide to sell.
Additionally, data from stellar.expert shows that XLM balances on Binance have risen steadily since late 2023, from 180 million XLM to 1 billion XLM. This increase reflects growing demand for trading and signals potential sell pressure if negative news emerges.
At first glance, this kind of data often seems negative for a network’s outlook. However, XLM investors argue that increased circulating supply can indicate growing adoption.
“This isn’t a random distribution — it’s a deliberate strategy… Supply growth is measured and controlled while adoption skyrockets,” an XLM investor commented.
On-chain data further supports this view. Stellar’s active accounts grew from 7.2 million in 2023 to 9.5 million by May 2025. On average, the network adds about 5,000 new wallet addresses daily. This ever-increasing demand helps absorb the circulating XLM.
Signs of Rising XLM Demand in Real World Asset (RWA) Sector
Currently, Stellar ranks as the third-largest protocol in RWA market capitalization, behind only Ethereum and ZKsync Era. Notable players in Stellar’s RWA ecosystem include the Franklin Templeton OnChain US Government Money Fund (valued at $497 million) and Circle’s USDC stablecoin, which holds $345 million on the Stellar network.
Total Value of Assets Tokenized on Networks. Source: RWA.xyz
The total value of RWAs on Stellar has grown nearly 84% in 2025. It rose from $275 million to over $500 million by May. This growth reflects Stellar’s increasing appeal for real-world asset tokenization.
Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, believes the global financial system is undergoing a major shift that could propel Bitcoin toward the $1 million mark.
According to Hayes, rising trade tensions between the US and China are accelerating the breakdown of long-standing economic norms, opening the door for neutral assets like Bitcoin to take center stage.
How US-China Standoff Could Drive Bitcoin Demand in Shifting Financial Order
In an April 5 X post, Hayes speculated that the exchange rate between the US dollar and Chinese Yuan (USDCNY) could climb to 10.00.
He attributed this to Chinese President Xi Jinping’s likely refusal to alter the country’s economic direction to appease US demands, especially under President Donald Trump’s aggressive trade stance.
“USDCNY is going to 10.00 bc there is no way that Xi Jinping will agree to change China in the ways necessary to placate Trump. This is the super bazooka BTC needs to ascend rapidly towards $1 million,” Hayes wrote on Twitter.
However, Trump doubled down on the confrontation, dismissing China’s reaction as a mistake.
“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” Trump wrote on Truth Social.
While that political posturing continues, Hayes sees deeper risks brewing beneath the surface. According to him, the ongoing tariff war could undermine the global role of US Treasuries and equities.
For decades, the US has exported dollars by running trade deficits, while foreign nations recycled those dollars into American financial assets. That system, according to Hayes, may no longer be sustainable.
If countries stop accumulating dollars, their demand for US bonds and stocks will shrink. Some may even start selling off reserves to protect their economies.
Hayes noted that even a Trump policy reversal wouldn’t restore confidence, as global leaders may no longer trust the stability of US trade policy.
“Even if Trump backtracks on the severity of the tariffs, no finance minister or world leader can risk Trump changing his mind again, and therefore things cannot return to the way they were. You must do what is best for your country,” Hayes wrote.
“The dollar will still be the reserve currency, but nations will hold reserves in gold to settle global trade. Trump hinted at this because gold is tariff exempt! Gold must flow freely and cheaply in the new world monetary order,” Hayes stated.
However, Hayes says Bitcoin could be even more appealing in a world defined by decentralization, capital mobility, and reduced trust in traditional power structures.
“For those who want to adapt to a return to pre-1971 trade relationships, buy gold, gold miners and BTC,” he concluded.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.
Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
