Dogecoin price at $0.0868 after a $57.2 million exchange outflow: weaker than the market

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.A net $57.2 million in DOGE left trading venues in seven days, while the price lost 7.84 percent over the same window. What the exchange flows measure, which levels count now and what to watch when moving coins to a wallet of your own.The Dogecoin price stands at $0.0868 on Sunday evening, barely one percent above the previous day. The more important number of the day is not in the chart but in the exchange flows: over the past seven days a net $57.2 million in DOGE has been pulled off trading venues. Inflows came to $480.96 million, outflows to $538.16 million. The figures come from CoinGlass and were collected on October 11. Outflows from exchanges are generally read as a friendly sign, because coins on a private address cannot be sold at short notice. That effect failed to appear this week. The price lost 7.84 percent over the same period. If you hold DOGE, it is worth knowing what the metric measures and what it expressly does not. Dogecoin price at $0.0868: the net outflow ...