According to the latest data, the Dogecoin derivative market is optimistic, with some signs of volatility.
The 24 hour / short report is 0.9585, indicating an almost balanced feeling overall, although it suggests a slight downward inclination on the larger market.
Liquidation data in the past 24 hours also confirm this bias. A total of $ 11.13 million in liquidations occurred, with $ 7.82 million in long positions and 3.30 million short -term dollars.
While long liquidations have exceeded the short films, the relatively lower short -term losses suggest that many bears are cautious or in the middle of a wider accumulation.
Dogecoin’s weighted funded funding rate has dropped slightly below zero, indicating a brief change to short positions. However, in the past two weeks, the rate has always remained positive, often greater than 0.005%, signaling a strong bullish feeling among leverage traders.
This minor decline can reflect short -term profits, but overall, data financing is still leaning optimistic for Doge.
