$DOGE

Over the past 30 days, DOGE derivatives experienced $238 million in liquidations, with short positions accounting for 60% of trades in the last 24 hours. This surge in bearish bets followed DOGE's underperformance compared to Bitcoin, which gained 2.3%, and Solana, which rose 4.4%. Slightly negative funding rates of -0.0018862% for top altcoins versus Bitcoin have deterred leveraged long positions. Meanwhile, open interest increased by 1.66% to $3.05 billion, indicating traders anticipate volatility but lack strong directional conviction.