Dogecoin Futures Sentiment Reaches 80% Long, But On-Chain Data Suggests Waning Interest
Dogecoin long positions on Binance Futures have reached an unprecedented 80%, indicating strong short-term bullish conviction among traders. However, data from on-chain metrics and spot markets suggests a divergent narrative. Despite futures traders’ enthusiasm for long positions, network health is deteriorating, with daily active addresses dropping by 22% over the past month. The divergence between … Read more