A significant 3,030% drop in dogecoin futures netflow indicates traders are reducing positions due to market volatility. while elon musk's recent post was an attempt to influence sentiment, it failed to counteract the defensive market stance.
The sharp decline in futures netflow and open interest, coupled with a weekly price drop of 6.99%, suggests a bearish short-term outlook. traders are de-risking, and recent influencer activity has not provided a significant bullish catalyst.
The volatility and netflow changes are described within the last 12-24 hours, indicating short-term market dynamics are at play. the impact of these factors on price is likely to be felt in the immediate future.
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. Dogecoin futures netflow fell as much as 3,030% in the last 12 hours as the market saw increased volatility in this time frame. Advertisement According to CoinGlass data , Dogecoin futures netflows have fallen across most hourly time frames, as traders cut positions amid a defensive stance on the markets. Dogecoin fell for three days straight, reaching a low of $0.091 on March 19. Elon Musk's "Dogefather" post featuring an AI-generated video created via Grok failed to lift the price yesterday, with Dogecoin continuing its decline. HOT Stories Hard Truth About $1 Billion XRP Treasury by CryptoQuant Expert; -199 Billion SHIB: Shiba Inu Coin Sees Exchange Supply Squeeze; Coinbase Opens Perpetual Access to Apple, Amazon and Others: Morning Crypto Report Crypto Market Review: XRP Takes Beating at $1.50, Did Shiba Inu Lose All Hope for $0.00001? Dogecoin's (DOGE) Price Reset Point Is Clear On March 19, Tesla CEO Elon Musk reposted an AI-generated video on X, in which his avatar was holding a Shiba Inu dog from which Dogecoin's logo draws its inspiration. Advertisement You Might Also Like Wed, 03/18/2026 - 08:56 Dogecoin Removed Zero From Its Price, But There Are 3 Reasons Why It Is Temporary By Arman Shirinyan Musk's avatar says playful lines drawn from the character Vito Corleone's (played by Marlon Brando) dialogue in the opening scene of the iconic Hollywood film "The Godfather" (1972): "You come to me on the day of my DOGE's wedding and you ask me for my private key. Are you even a friend? You don't even think to call me the DOGEfather?" Traders stay defensive At the time of writing, Dogecoin was little changed in the last 24 hours, up 0.23% in the last 24 hours to $0.0935, but down 6.99% weekly. Advertisement You Might Also Like Tue, 03/17/2026 - 09:41 Dogecoin Founder Wonders If Crypto Is Back By Yuri Molchan The futures market is suggesting defensive positioning, with various metrics in red. Dogecoin's open interest fell 5.9% in the last 24 hours to $1.02 billion. Dogecoin's volume in derivatives also fell in this time frame by 28.04% to $1.74 billion. In the last 12 hours, Dogecoin saw more futures outflow, according to CoinGlass data. This came in at $234.16 million, while futures outflow came in at $222.08 million, representing a 3,030% netflow drop. The Fed’s rate-setting Federal Open Market Committee voted 11-1 on Wednesday to leave its key interest rate unchanged, a move that was widely anticipated by investors. #Dogecoin News #Dogecoin #Dogecoin Price Prediction