Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.
Dogecoin (DOGE) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, DOGE appears to be bearish as it has formed a textbook-style head and shoulders price action pattern on the daily time frame. Additionally, the price of the meme coin is on the verge of a major breakdown.
Source: Trading View
Based on recent price momentum and historical patterns, if the meme coin breaches the neckline of the bearish pattern and closes a daily candle below the $0.16 mark, it could drop by 21% to reach the support level of $0.13 in the future.
As of now, DOGE is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames. This indicator suggests that the meme coin is in a strong bearish trend and is following a downward momentum.
However, traders and investors often use this setup to sell off or short the asset whenever its price shows any signs of upward movement.
Current Price Momentum
At press time, DOGE is trading near $0.168 and has recorded a 1% price drop over the past 24 hours. Meanwhile, during the same period, its trading volume declined by 60%, indicating reduced participation from traders and investors—potentially due to bearish market sentiment.
$6 Million Worth of DOGE Outflow
However, amid this bearish outlook, investors appear to be accumulating tokens, potentially signaling a classic buy-the-dip strategy, according to on-chain analytics firm Coinglass.
Source: Coinglass
Data on spot inflows and outflows reveals that exchanges have seen an outflow of approximately $6.11 million worth of DOGE over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to increased buying pressure.
Yet, while this massive outflow has the potential to trigger an upside rally, the prevailing bearish market sentiment may make it difficult to sustain such upward momentum.
If Bitcoin reaches $119,000 by the end of August, MicroStrategy’s (now Strategy) third-quarter earnings could set a new record for a publicly traded company’s highest quarterly profit in financial history. This impressive figure would easily top Nvidia’s earnings and approach Apple’s record.
As Bitcoin gains widespread acceptance, it prompts the question of whether major players will adopt Strategy’s plan by the book. According to Brickken analyst Enmanuel Cardozo, it depends. Though Strategy’s current achievements are impressive, the quality of its long-term health comes into question.
Could MicroStrategy’s Bitcoin Gains Top Tech Giants?
Michael Saylor’s aggressive Bitcoin plan for Strategy (formerly MicroStrategy) continues to remain strong through sunshine or rain. For now, it shows no signs of slowing. With 592,100 Bitcoins on its balance sheet, Strategy is the biggest corporate holder worldwide.
As Bitcoin’s price continues to climb, so will Strategy’s overall earnings. This large-scale success has already led several publicly traded companies to follow suit. The question is whether other corporate giants will also take the leap and purchase Bitcoin.
If Bitcoin closes Q3 above $119,000, and Strategy has 592,100 bitcoins acquired at an average cost of $70,666 each, Strategy’s estimated quarterly net earnings would be approximately $28.59 billion.
Strategy’s most recent Bitcoin purchases. Source: Strategy.
This figure would exceed Nvidia’s highest reported quarterly net income of $22.091 billion, making it Strategy’s largest quarterly earnings and a significant outlier among many publicly traded tech companies.
Since Strategy uses fair value accounting for its Bitcoin, it directly reflects these gains in its net income. If Bitcoin’s price continues to rise beyond this level, Strategy’s earnings could potentially challenge Apple’s current record-setting quarterly net income of $36.33 billion.
Could this unprecedented success generate a fear of missing out among other competitors?
To Buy or Not to Buy
Cardozo expressed excitement over how such a scenario could generate further Bitcoin adoption by other corporate trailblazers.
“With [Strategy’s] 592,100 BTC holdings, other companies might feel the need to finally jump in, especially as Strategy’s performance is outpacing traditional metrics. That kind of success won’t go unnoticed and will eventually push their boards to at least explore Bitcoin to keep up,” he told BeInCrypto.
Some of Bitcoin’s advantages over assets may even appeal to companies with massive earnings, like Nvidia or Apple.
“There’s a solid case for tech giants like Apple and Nvidia to diversify into Bitcoin, and I’m loving the possibilities here. On the pro side, Bitcoin is built as a perfect hedge against fiat devaluation because of its limited supply and decentralized nature,” Cardozo added.
However, a playbook like Strategy’s comes with many risks, and it’s not a one-size-fits-all win—even for Strategy itself.
Strategy’s Financial Health: A Deeper Dive
While Strategy has seen significant profits from holding Bitcoin, these gains primarily stem from a tax advantage, not from its core business operations.
“These gains, driven by fair value accounting, aren’t cash in hand like Apple’s billions from iPhone sales, they are paper profits tied to Bitcoin’s price. Investors and analysts should see this as a speculative boost, not a sign of operational strength, and focus on cash flow and debt to gauge real business health,” Cardozo explained.
Effectively comparing Strategy’s net income to other characteristics like cash flow and debt indeed reveals more about the problems that may lie ahead for the company, especially if Bitcoin’s price were to decline steadily.
Changes in Bitcoin’s price over the past three months. Source: BeInCrypto.
According to the firm’s most recent SEC filings, Strategy reported its outstanding debt amounted to $8.22 billion as of March 2025. It also had a negative cash flow of -$2 million, representing a significant decline year over year.
Though these numbers make sense considering Strategy’s aggressive Bitcoin buying, they also demonstrate that the company’s core software business is not generating enough cash to cover its expenses. Strategy said so itself in its latest filing.
“A significant decrease in the market value of our Bitcoin holdings could adversely affect our ability to satisfy our financial obligations,” read the statement.
It must issue debt and new equity to raise capital to continue its strategy. The plan is risky, to say the least.
Is Bitcoin Right for Every Company?
Given that Strategy’s main income comes from its Bitcoin purchases, Cardozo argues that other companies should carefully consider their financial position before taking a similar approach.
“Analysts should weigh this against operational metrics; a company living on unrealized gains is riskier by nature. I think it’s an innovative strategy, but for long-term health, especially for traditional businesses, cash-generating operations beat paper profits any day, investors should keep that in mind,” he said.
However, as Bitcoin increasingly symbolizes technological innovation, companies aligning with this principle might feel pressured to embrace it. They wouldn’t need to acquire nearly 600,000 Bitcoins, like Strategy, to make such a statement.
They also have a resilient enough treasury to break a fall.
“I’m pretty confident that Apple and Nvidia will eventually invest into Bitcoin, especially with its current track record over the last 10 years,” Cardozo said, adding, “their treasuries could handle a small 1-5% allocation, and not only be hedged against inflation but also as a branding move since they represent the very image of innovation which will also pressure them to do so eventually.”
Yet, ultimately, companies like Apple and Nvidia cater to different customers. Adding Bitcoin to their balance sheets may cause them to lose clients.
The Sustainability Question for Bitcoin Adopters
It’s no secret that Bitcoin mining is extensively damaging to the environment. Strategy, through its Bitcoin acquisitions, directly contributes to the high energy consumption levels associated with the industry.
“Bitcoin’s annual energy consumption is equivalent to a mid-sized country and of course it’s a conflict right off the bat with Apple’s 2030 carbon neutrality target and Nvidia’s renewable energy push,” Cardozo told BeInCrypto.
These companies could risk damaging their public image by associating with an industry that conflicts with their own Environmental, Social, and Governance (ESG) goals.
“Customers and activists might pressure them, seeing it as greenwashing, especially with sustainability being a big part of their public image… they could align Bitcoin with their ESG goals and keep their image intact as Bitcoin mining becomes more sustainable than traditional banking’s legacy system,” Cardozo added.
Ultimately, while the allure of Bitcoin’s gains might pressure tech giants like Apple and Nvidia to follow Strategy’s lead, such a consideration may cause these companies more problems than profits.
Binance has taken a bold step toward redefining the SocialFi experience, launching Live Trading on its social platform, Binance Square.
The move enables users to follow livestreamed strategies from verified creators and execute actual Spot or Futures trades directly within the stream.
Binance Square Launches Live Trading Integration
With this launch, users can follow real-time live streams from verified creators. They can also place spot or Futures trades directly within the stream, removing friction between learning and execution.
This marks a significant leap toward merging real-time content, education, and on-chain action in a single, seamless interface.
“Live Trading is designed to make trading more accessible, interactive, and engaging…It’s a natural evolution of Binance Square,” said Jeff Li, Head of Product at Binance, in a statement shared with BeInCrypto.
During livestreams, users can interact with pinned strategy cards that display vital trade information such as trading pair, order direction, and size. They can also execute trades without leaving the session. This blends entertainment, education, and financial action in a single user flow.
For creators, Binance offers monetization opportunities. Specifically, up to 50% commissions on referred trades, enhanced visibility, and even an Incubator Program for up-and-coming strategists.
Verified influencers with over 1,000 followers can also share up to 100 past trades. This increases their visibility through competitions and campaigns. They also reserve the choice to apply to the Square Live Trading Incubation Program if they are starting.
This move is part of Binance’s mission to transform crypto into a more community-driven and participatory ecosystem.
With livestream competitions, multistreaming support, and more in the pipeline, Binance’s Live Trading turns market commentary into real-time financial action. This feature could reshape how crypto users learn, trade, and connect.
How Does It Compare to Pump.fun’s Livestream Model?
Binance is not the first to introduce the concept of interactive, livestream-enabled trading. Pump.fun, the Solana-based meme coin launchpad, recently reopened its livestream feature with added safeguards. This followed backlash over unmoderated, speculative content that sometimes misled viewers and encouraged impulsive behavior.
In contrast, Binance’s Live Trading approach focuses on verified creators with clear risk disclosures. Additional differentiators include transparency through pinned strategy cards and direct execution through the platform’s regulated trading infrastructure.
There is also a structured monetization model. The market edges challenge the notion that meme hype is amplified, with Binance providing educational value, fostering transparency, and encouraging informed decision-making.
Therefore, it rivals Pump.fun, which reflected crypto’s raw energy and community-driven meme culture. This signals a maturation of SocialFi from chaos to structure, marking a pivotal moment in the evolution of SocialFi. The space is shifting from speculative chaos to platform-verified strategy.
SocialFi Matures: COOKIE, Kaito, and the Rise of Creator-Led Trading
At the same time, Binance’s innovation is part of a broader wave of SocialFi developments turning creators into monetized knowledge hubs.
Cookie DAO recently launched COOKIE Snaps, a decentralized creator network focused on InfoFi. It combines news delivery, personalized feeds, and content ownership.
COOKIE is building a full-stack ecosystem that lets creators earn for sharing insights. This gives users more control over the information they consume.
Similarly, Kaito is fusing AI, search, and social media monetization. The project recently launched its native token, KAITO, to reward Web3 researchers and influencers with direct value for their posts, signals, and commentary. This move disrupted the traditional ad-driven model of centralized platforms.
Together with Binance’s Live Trading, these initiatives suggest a new paradigm, where content is actionable, decentralized, and financially incentivized. The future of SocialFi might go beyond watching and liking. These initiatives leverage learning, earning, and time.
As SocialFi advances, Binance’s livestream-enabled trading may be the first domino in a broader movement. This could transform how users interact with finance, content, and each other in the Web3 era.
Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big players. While regulatory approval is still pending, this move marks another step toward mainstream crypto adoption in traditional finance.
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Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big …
