The post How $14M in spot buys could save DASH’s price after falling by 17% appeared on BitcoinEthereumNews.com. Key Takeaways How is DASH coping with the wider crypto market’s downtrend? Shrinking capital in circulation has forced DASH into a sharp downward sweep on the chart. Is there any good news for the privacy coin? The accumulation spree from spot investors might be worth looking at.  Dash [DASH] has recorded one of the steepest outflows across the market over the last 24 hours, with its price falling by 17% to $67.07. In fact, market analysis revealed that perpetual traders have been largely responsible for this bearish shift, following the altcoin’s monthly gains of 50%. However, retail capital from the spot market is continuing to flow in. Why did DASH fall on the charts? The privacy-focused token, DASH, has fallen at an interesting time. The broader privacy segment has been expanding lately, with the same recording a growth rate of 85%. The drop came on the back of capital circulating in the derivatives market. About $66.84 million of it, at press time, had been driven largely by sellers. This became clearer as the funding rate turned negative, indicating that sellers have been paying the funding fee to maintain their positions in both the Spot and Futures markets. Source: Coinglass At the time of writing, the Open Interest–Weighted Funding Rate, which reflects overall market direction, had also flipped negative. This seemed to confirm that sellers may be dominating the altcoin’s price action. If this downward pressure persists, DASH could slide further into the lower zones, potentially triggering liquidations across more open positions. Where is DASH heading next? According to AMBCrypto’s analysis, another drop could follow on the charts. At press time, DASH appeared to be trading within a visible demand zone ranging from $61 to $67. Under normal conditions, this area could support a bounce. However, momentum has been weak. If… The post How $14M in spot buys could save DASH’s price after falling by 17% appeared on BitcoinEthereumNews.com. Key Takeaways How is DASH coping with the wider crypto market’s downtrend? Shrinking capital in circulation has forced DASH into a sharp downward sweep on the chart. Is there any good news for the privacy coin? The accumulation spree from spot investors might be worth looking at.  Dash [DASH] has recorded one of the steepest outflows across the market over the last 24 hours, with its price falling by 17% to $67.07. In fact, market analysis revealed that perpetual traders have been largely responsible for this bearish shift, following the altcoin’s monthly gains of 50%. However, retail capital from the spot market is continuing to flow in. Why did DASH fall on the charts? The privacy-focused token, DASH, has fallen at an interesting time. The broader privacy segment has been expanding lately, with the same recording a growth rate of 85%. The drop came on the back of capital circulating in the derivatives market. About $66.84 million of it, at press time, had been driven largely by sellers. This became clearer as the funding rate turned negative, indicating that sellers have been paying the funding fee to maintain their positions in both the Spot and Futures markets. Source: Coinglass At the time of writing, the Open Interest–Weighted Funding Rate, which reflects overall market direction, had also flipped negative. This seemed to confirm that sellers may be dominating the altcoin’s price action. If this downward pressure persists, DASH could slide further into the lower zones, potentially triggering liquidations across more open positions. Where is DASH heading next? According to AMBCrypto’s analysis, another drop could follow on the charts. At press time, DASH appeared to be trading within a visible demand zone ranging from $61 to $67. Under normal conditions, this area could support a bounce. However, momentum has been weak. If…