Dogecoin Price Eyes Max Pain as Futures Activity Falls 7%
Analysis
Price Impact
HighA significant drop in dogecoin's open interest (down 7%) and daily trading volume suggests waning investor confidence and potential for a continued sell-off. the lack of institutional inflow into doge etfs further weakens its independent price drivers.
Trustworthiness
HighThe article cites data from coinglass, a reputable source for cryptocurrency derivatives data, and discusses observable market trends like trading volume and etf performance. the analysis is based on concrete metrics.
Price Direction
BearishThe article explicitly states that dogecoin's price has extended its sell-off, is trading at its lowest level year-to-date, and has seen over 24% growth fall in the last 30 days. the futures market activity also points to a bearish sentiment.
Time Effect
ShortThe 7% drop in open interest and the 24-hour price change of -4.17% indicate immediate selling pressure. while the article mentions a reliance on bitcoin's rebound, the current momentum suggests short-term downside risk.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Add as a preferred source on Google News The Dogecoin (DOGE) price has extended its sell-off in what might become a straight ride toward "max pain" for the top meme coin. The negative drawdown in the DOGE ecosystem is further validated with the crash in the futures market, as well as daily trading volume. Advertisement Dogecoin open interest falls According to data from CoinGlass , Dogecoin open interest is down by over 7% in the past 24 hours. Per the data, a total of 11,110,000,000 Dogecoin has been committed to the futures market with a combined value of over $1.02 billion. Dogecoin is highly connected to volatile conditions, accounting for the visible impact on the wide liquidity crunch it often experiences. The derivatives market around DOGE recorded a significant, but widely varied, shift on Binance and Bybit exchanges. While Binance saw a dip in open interest, with 2 billion of the 11 billion committed by traders, Bybit saw a 4% jump. However, this uptick was not enough to offset the overall outlook, as Bybit controls only about 8% of the market. DOGE open interest remains a widely watched metric on the market, as a boost might signal current trader sentiment. As it stands, the digital currency is trading at its lowest level year to date, with no signs of easing up. You Might Also Like Tue, 02/24/2026 - 15:16 Binance List New Cardano (ADA), Dogecoin (DOGE) Pairs Against New Stablecoin By Gamza Khanzadaev Dogecoin ETF makes no difference In actual terms, the meme coin’s price was changing hands at $0.0922, down by 4.17% in 24 hours. The performance on multiple time frames does not hint at a near-term positive outlook, as 30-day growth has fallen by over 24%. Amid the push to find a price bottom, the impact of the Dogecoin ETF products in circulation comes into view. Despite the hype the products generated at launch, it has raised less than $10 million in institutional capital since inception. Other notable fundamentals that can help Dogecoin recover are lacking. By implication, the DOGE price is now entirely reliant on its correlation with Bitcoin. That is, if the projected Bitcoin rebound is achieved, Dogecoin may see a corresponding positive ripple effect. #Dogecoin