Dogecoin’s Steady Open Interest Hints at Market Patience Amidst Slowdown

While the broader cryptocurrency market experiences shifts between consolidation and correction, Dogecoin stands out with a uniquely stable performance. Its open interest, a gauge of active positions on futures contracts, remains remarkably high at nearly 16 billion tokens or approximately $3.36 billion. This level is notable considering declining speculative activity across most altcoins in the current climate. This resilience highlights a clear distinction between Dogecoin’s behavior and the prevailing trend.