Dogecoin ETFs pulled in their highest weekly inflows since launch even as DOGE's price slid over the weekend. Short accounts have outnumbered long accounts for a week, and the four-hour chart has flashed a sell signal.
Dogecoin is falling alongside the broader crypto market despite rising inflows of $2.89 million into its ETFs between September 21 and September 25, the highest weekly total since the funds began trading in November 2025. The number of short-selling accounts is climbing at the same time, a sign some traders expect the drop to continue despite the fresh ETF demand.
Dogecoin ETFs post record weekly inflows
Most of the week's inflows came from the Grayscale Dogecoin Trust, which took in $3.48 million. The 21Shares Dogecoin ETF, however, recorded outflows of $593,000, while the Bitwise Dogecoin ETF took in no new money as it prepares to shut down on October 14.
Dogecoin ETFs have now amassed total net assets of $17.03 million since their November 2025 launch, equal to 0.11% of Dogecoin's $16.6 billion market cap. The rising inflows coincide with DOGE moving from $0.087 on September 21 to briefly touching $0.10 before retreating to trade at $0.097.
Short sellers bet on further declines
Data from CoinGlass shows the long/short reading for Dogecoin has stayed below 1 since September 19, meaning short accounts have outnumbered long accounts for a week. The ratio has since dropped to 0.87, suggesting demand for short positions is still rising. However, the buildup in short positions also raises the risk of a short squeeze if Dogecoin rallies instead of falling as these traders expect.
Chart flashes a sell signal
Dogecoin has created a sell signal on the four-hour chart after its RSI line crossed below the signal line, and price has moved below the support at the lower trendline of an ascending channel. If the downtrend continues, Dogecoin could drop to test support near $0.092. A move back above the midline of the falling channel at $0.098 would point to a stronger uptrend, with resistance at $0.10 as the next target.
Source: CoinGape
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