$DOGE Derivatives Market Retreats: Open Interest Falls 8.24%

Futures market participation is cooling rapidly.

Open Interest (OI) across major exchanges dropped from $3.25B to $3.00B (-8.24%), signaling traders are unwinding leveraged positions.

This retreat reflects reduced conviction and growing risk aversion, particularly amid broader market uncertainty.

With Bitcoin pulling back from its recent $120K peak, altcoins like DOGE face heightened pressure, especially those reliant on speculative flows.