Dogecoin price drops 14%, but futures funding stays positive — Why?

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Dogecoin price fell about 14% in October, dropping from $0.095 to around $0.0824. DOGE spot ETFs saw over $540,000 in outflows over just two days, bringing total net assets from $17 million to $14.44 million. Open Interest on futures declined from $652 million to $609 million. Despite the decline, funding rate stayed positive at 0.0088%, indicating some traders maintained long positions. The $0.080 level is now a key support to watch.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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