Recent data has revealed that the biggest meme token Dogecoin (DOGE) can be used as an indicator to signal Bitcoin (BTC) drops.
On-chain data analytics platform centiment November 28 on his official social media account. in his postHe noted that DOGE rises are generally a reliable indicator of altcoin rallies. Usually in altcoin rallies of DOGE The platform, which claims to be leading the way, is back to the times when the meme token had a rally. of bitcoin He underlined that it coincided with the times when he was in decline.
In the chart he shared, Santiment drew attention to the recent rally in DOGE, when Bitcoin was relatively stable. may experience a decline in the near future. pointed.
On the other hand, on-chain data has recently become a popular spot for Bitcoin whales and small investors. accelerate your purchases showed. Especially in his portfolio 100 to 10,000 BTC in the last 5 days 790 million dollars worth 47,888 BTC stated in his reports.
