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- Dogecoin’s rally shows renewed retail speculation but faces strong resistance.
- BlackRock’s rapid Bitcoin purchases highlight continued institutional demand.
- Profit-taking remains the main obstacle to a sustained crypto market rally.
Crypto markets showed mixed momentum this week as speculative activity lifted Dogecoin toward a key psychological level while institutional investors quietly strengthened Bitcoin exposure. Together, the moves highlight a market still balancing retail enthusiasm with cautious big-money positioning.
Dogecoin Rally Meets Resistance Near $0.10
Dogecoin briefly climbed above $0.10, reaching roughly $0.106 before retreating to around $0.099. Daily trading volume surged more than 70%, suggesting traders returned to the memecoin amid the broader market rebound.
Derivatives data pointed to rising leveraged interest. Futures volume and open interest increased simultaneously, typically indicating fresh positions entering the market rather than traders closing existing bets. Long positions slightly dominated across exchanges such as Binance and OKX, hinting at growing optimism among active traders.
However, technical indicators showed momentum remains fragile. While Dogecoin briefly pushed above a key RSI threshold, selling pressure quickly returned. Buy-sell volume imbalance also turned negative, signaling that profit-taking continues to cap upside attempts.
If buyers regain control, analysts see room for a move toward $0.11 and potentially $0.14. Failure to hold support near $0.093, however, could trigger another short-term pullback.
BlackRock Accelerates Bitcoin Accumulation
Institutional demand told a different story. On Feb. 26, asset manager BlackRock acquired roughly 4,300 BTC in about an hour, with transfers flowing from Coinbase Prime wallets into addresses linked to the iShares Bitcoin Trust.
The purchase coincided with the largest one-day inflows into U.S. spot Bitcoin ETFs in two weeks. IBIT led with nearly $300 million in new capital, reinforcing its position as the dominant fund in the sector.
Analysts at Bloomberg noted that the inflows could signal renewed investor confidence following weeks of withdrawals, though they cautioned it remains unclear whether the trend represents a sustained shift or a temporary rebound.
Also Read: Dogecoin Crashes Below $0.10 – Is a Drop to $0.08 Coming?
Institutional Demand vs. Profit-Taking Pressure
Despite ETF inflows, Bitcoin prices slipped below $67,000 intraday. According to on-chain analytics firm Glassnode, persistent profit-taking has repeatedly stalled rallies near the $70,000 level, suggesting supply remains heavy at higher prices.
This divergence—strong institutional accumulation but hesitant price action—mirrors Dogecoin’s current setup. Both assets reflect a market searching for conviction.
Crypto markets appear to be at a transitional moment. Retail traders are driving short-term volatility in assets like Dogecoin, while institutions quietly expand long-term exposure to Bitcoin through ETFs. Whether these forces align into a sustained rally will likely depend on whether demand can outpace ongoing profit-taking in the weeks ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
