- DOGE drops 4.1% to $0.09012 after Trump's Iran warning triggers market-wide risk-off.
- 900M DOGE (~$83M) withdrawn from Bithumb in three transactions within 30 minutes.
- Bollinger Bands are squeezing on daily chart; price sits at the base of a multi-year rising channel.
- DOGE Spot ETF posts zero weekly net inflows for three straight weeks; cumulative at $7.64M.
Dogecoin price dropped 4.1% today to $0.09012 and is down over 6% over the last seven days after former President Donald Trump threatened on April 1 to strike Iran “extremely hard,” triggering a risk-off wave across equities and crypto.
Bitcoin price declined 3.63% on the same catalyst, falling below the key $67,000 support zone. As a high-beta asset, DOGE coin predictably amplified the move, with its market cap shedding to $13.84B on $1.16B in daily volume. The selloff was macro-driven, not Dogecoin-specific.
Whale Pulls $83M From Bithumb as DOGE Spot ETF Inflows Dry Up
Against that backdrop, on-chain data surfaced a notable counterpoint. Whale Alert flagged 900,000,000 DOGE pulled from the Bithumb exchange in three separate transactions over less than 30 minutes, amounting to approximately $83 million at current prices.
Large exchange withdrawals at this scale typically remove supply from immediate selling pressure, though whether this represents accumulation or internal transfer remains unclear from public data alone.
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On the institutional side, the DOGE Spot ETF picture offers less encouragement. Weekly net inflows have registered zero for three consecutive weeks through April 1, 2026, with the cumulative total holding flat at $7.64M. Total net assets sit at $9.29M.
Earlier in the year, the product saw stronger weekly inflows, $2.59M in the week of January 2 and $1.94M the following week, but momentum faded through February and March. That stall in institutional demand leaves DOGE more exposed to spot-market swings like the one seen today.
The asset is also sitting on a challenging multi-month chart: down 65.10% over six months, 23.29% year-to-date, and 48.21% over the past year.
Dogecoin Price Sits at Historic Channel Base With Bands Fully Squeezed
On the technical side, analyst Ali Charts flagged that Bollinger Bands are tightening on the Dogecoin daily chart, a compression pattern that tends to precede a directional breakout, though it carries no directional bias on its own.
The key price cluster on the daily chart runs from $0.0874 (lower band support) to $0.1010 (upper band resistance), with price currently trading near $0.0923 at the time of the signal.
Separately, analyst CW (@CW8900) identified DOGE on the weekly timeframe as sitting at the base of a long-term rising channel dating back to 2017, a structure that has historically marked accumulation zones ahead of trend moves.
CW describes the current position as the “starting line,” pointing to prior instances where price bounced from the same channel boundary. For any Dogecoin price prediction to hold up here, buyers would need to defend the channel floor and, at a minimum, reclaim the $0.0923 mid-range level.
The two technical reads are aligned in one respect: price is compressed, sitting at a structure that has previously resolved into significant moves. Whether that resolves higher or lower, today’s macro selloff hasn’t broken the chart, but it’s done nothing to build confidence heading into what could be a volatile next sequence for the Dogecoin price.
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