SHORT📉

$DOGE — a road to nowhere or the perfect short opportunity?

Back in 2021, $DOGE exploded into the crypto scene with a peak price of $0.73995 per coin.
Today, it's hovering around $0.17685.
That’s a drop of over -7135%. Wild, right? 🫣

Now imagine if someone had opened a short futures position on DOGE at the right time...
How much could they have made?

Drop your calculations in the comments — let’s see who nails it!
Great mental exercise for traders out there.

So, does $DOGE still have a chance to moon again, or is shorting the only play left?
Let’s talk about it below!👇🏼

#SHORT📉 #SHORTDOGS #doge #Binance #Dogecoin‬⁩

A surge in short positions, a sharp drop in open interest, and spot market resilience may suggest that Bitcoin is entering an accumulation phase—possibly setting the stage for a trend reversal.
Binance’s open interest hit an all-time high of $12 billion, reflecting aggressive long positioning. Following a sharp correction in BTC price, open interest dropped to $7.5 billion—a 37% plunge. According to CryptoQuant, this flush likely forced many over-leveraged longs to exit, clearing the path for an increase in short positions.
CryptoQuant’s data also notes that Binance funding rates peaked around 0.04%, showing strong long bias at the time. However, as Bitcoin pulled back from the $75K mark, the funding rate fell and recently turned negative. This indicates that short sellers are now paying longs—a sign that bearish sentiment is overtaking the market.
Historically, extremely negative funding rates have preceded short squeezes, where sudden price rallies force short traders to cover their positions—amplifying upward momentum
$BTC
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$SOL
#BTCRebound #SHORT📉 #Openinterest #MarketSentimentToday