Crypto analytics company Alphractal reports that short-term traders are once again increasing their DOGE holdings, while long-term holders are letting coins back into circulation. In previous cycles, that combination has often preceded large upward swings, making analysts wonder if another rally could be in the making.

Weakness Across Altcoins

Alphractal’s founder, Joao Wedson, placed the trend in a broader context. Over the past two months, Bitcoin has dominated the market while older altcoins have struggled to keep pace. He noted that the few tokens gaining ground tend to be tied to newer projects or Binance Smart Chain activity. According to him, established altcoins will not regain momentum until Bitcoin’s dominance stabilizes.

Rethinking the Role of News

Wedson also cautioned traders against reacting to headlines. From his perspective, markets move on positioning, not press releases. He referenced Wyckoff’s century-old market theory, which views news as a byproduct of actions already taken by sophisticated players.

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“By the time the story breaks, the smart money has already positioned itself,” Wedson argued, pointing out that narratives about the Fed, interest rates, or celebrity tweets rarely explain the real drivers of price action.

What It Means for DOGE

With short-term investors quietly accumulating and long-term players releasing supply, Dogecoin could be setting the stage for heightened volatility. Whether that translates into a breakout depends on how the broader crypto market — and Bitcoin’s dominance in particular — evolves as September comes to a close.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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