DEXE sidesteps market carnage as shorts stack up like Jenga towers near $25

Around $3.3 billion in leveraged crypto positions have been liquidated since Sunday, June 21, with Tuesday, June 23, recording nearly $787 million in wiped-out longs — the heaviest single-day toll of the stretch, though still below earlier-month peaks. The Crypto Fear and Greed Index registered 17 during the sell-off. Against that backdrop, DeXe ($DEXE) has charted an unusually resilient path.

$DEXE rallied from $9.81 to $24.49 in May before retracing into the Fibonacci golden pocket between $12.95 and $15.42. That dip has been bought, and as of Thursday, June 25, the token was pressing back toward the $24.49 high after a brief rejection. A retest of the $20–$21 zone — former local resistance earlier in June — has held, with the MACD printing a bullish crossover and the Accumulation/Distribution indicator signaling sustained buying pressure during the recovery from below $15.

Funding rates cooled to healthier levels after peaking earlier in the week, while Open Interest slipped alongside the consolidation above $20. Funding has stayed positive throughout, suggesting positioning reset rather than unwind. Cumulative short liquidation leverage stacked overhead near the $24 area exceeded the long liquidation leverage sitting beneath the press-time price, a configuration traders monitored for a possible push toward $25.50.

A recent AMBCrypto report flagged whale accumulation and network activity at all-time highs as confidence markers for the ecosystem, framing June's advance as an expression of that conviction. The short-term rejection on June 25 did not break the structure; instead, the bid at $20–$21 and the slowdown in overheated derivatives metrics left room for further upside if demand returns.