DOGE is the only Token among the top 10 where investors have lost more than they have gained.

Gate News bot report, according to Glassnode's on-chain data, DOGE is currently the only cryptocurrency among the top 10 by market capitalization where investor losses exceed profits. Specifically, in the past 24 hours, the actual losses of DOGE reached 132 million USD, while the actual profits were only 5 million USD.

In comparison, most other Crypto Assets experienced larger profit withdrawals. Bitcoin (BTC) led the way, with profits of $1.3 billion and losses of only $33 million, indicating that most of the sell-off came from investors who had already made profits. Ethereum (ETH) performed more evenly, with profits of $35.2 million and losses of $18.4 million.

Glassnode believes that the excessive profit-taking of Bitcoin may indicate that the market is reaching its peak, while the stop-loss pressure of DOGE may sometimes signal a rebound after a market reversal. This suggests that although DOGE is weaker than average, it may have already entered a bottoming area.