Dogecoin Drops 8% but Shows V-Shaped Recovery in Boost for Bulls

BlockBeats news, on June 22nd, according to Alternative data, the cryptocurrency panic and greed index was 42 today (49 yesterday), and market sentiment changed from "neutral" to "fear". Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

In the past 12 hours, large transactions have shown that the main funds are clearly inclined towards selling, with a cumulative selling of $52 million and a net outflow of up to $2.653 million, with a buying to selling ratio of 1:2.04. Especially last night, there were three consecutive large market price sell orders exceeding $4 million, which directly suppressed the upward movement of prices. Considering the current extreme decline in trading volume and weak market buying, the downward trend may continue in the short term. The technical outlook is also not optimistic, with prices continuing to run below the EMA24 and EMA52 moving averages in a 2-hour cycle, and although MACD is showing a golden cross, the upward momentum is weak. The large transaction indicator reveals the main trend ahead of time, helping you lock in profit opportunities in advance! Unlock members, master the main capital flow, and accurately predict market trends! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

According to Hong Kong Wen Wei Po, Shen Jianguang, Vice President of JD Group, stated at the opening forum of the Wealth Management Expo 2025 that the renminbi has unique advantages in international development. Although the renminbi has made significant progress in internationalization, there is still a lot of room for growth in global currency use. Hong Kong can be the first region in the world to develop offshore renminbi, and then promote it to the whole world. He proposed that Hong Kong can develop a stablecoin for offshore renminbi, which will help the renminbi occupy a place in the next generation of international currency competition.

Binance - ENA/USDT prices hit a near six-month low, now trading at $0.2393, down 11.15% in 24 hours, with a turnover of $43.74 million. After the price reaches a new low, there is a high probability of a price rebound. (AiCoin Research Institute)

According to the popularity ranking, ZKJ's popularity has decreased by 60000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① ZKJ （$0.2668，-10.67%） ② SPK （$0.04044，-0.32%） ③ ETH （$2257.52，-7.38%） ④ BCH （$465.28，-0.25%） ⑤ FUN （$0.007605，11.13%） ZKJ's main funds have strong buying power, with a net inflow of $1.1953 million in 24 hours and a transaction volume of $1.18 billion in 24 hours, of which the main funds have a net outflow of $1.1003 million.