{"id":108541,"date":"2025-10-28T21:00:13","date_gmt":"2025-10-28T21:00:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108541"},"modified":"2025-10-28T21:00:13","modified_gmt":"2025-10-28T21:00:13","slug":"dogecoin-open-interest-crashes-50-from-october-highs-volume-is-worse-whats-going-on","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108541","title":{"rendered":"Dogecoin Open Interest Crashes 50% From October Highs, Volume Is Worse, What\u2019s Going On?"},"content":{"rendered":"

Dogecoin (DOGE) is facing a steep market cooldown<\/a> after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin\u2019s momentum. The latest figures reveal a significant pullback in derivatives activity<\/a> and spot market participation, suggesting that traders may be retreating from speculative positions as volatility eases.\u00a0<\/p>\n

Dogecoin Open Interest Crashes Over 60%<\/h2>\n

Dogecoin\u2019s Open Interest has plunged<\/a> dramatically from its October highs, reflecting a rapid exodus of leveraged traders<\/a> from the market. According to CoinGlass, total exchange DOGE futures Open Interest has fallen<\/a> over 62% from a peak of $5.03 billion on October 7 to $1.88 billion on October 28. This represents a drop to approximately 9.41 billion DOGE, valued at $ 0.20 per token.<\/p>\n

Despite the decline in Open Interest, Binance, BitMEX, and Bybit continue to lead as the top exchanges with the highest Dogecoin futures activity<\/a>. Still, the downturn has been widespread across exchanges. Kucoin<\/a> recorded the largest drop in recent hours at 3.1%, followed closely by Bitget, which saw a 2.27% decline. Over the last 24 hours, Bitunix recorded the steepest drop in Open Interest, down 15.86%, while Crypto.com saw a 7.36% reduction.\u00a0<\/p>\n

Even Binance<\/a>, which consistently leads Dogecoin futures trading, has seen a notable pullback. CoinGlass reports that the exchange\u2019s Open Interest peaked<\/a> at $964.7 million on October 7, marking a monthly high. Since then, it has fallen to $380.29 million (1.9 billion DOGE), representing a staggering 60.6% crash in just over three weeks.<\/p>\n

Dogecoin Sees Even Worse Decline In Volume<\/h2>\n

Trading volume for Dogecoin has mirrored the collapse in Open Interest. CoinGlass data shows<\/a> that Dogecoin\u2019s futures volume heatmap across major crypto exchanges is in the red zone. Total trading volume had spiked to $20.45 billion on October 11, following the devastating crypto flash crash on October 10<\/a>, but has since plummeted to $5.31 billion as of October 28. This represents a whopping 74% decline.<\/p>\n

On individual exchanges, Binance\u2019s DOGE trading volume dropped<\/a> by 9.35% in the past 24 hours, while OKX saw a 13.69% decline. CoinEx recorded the largest volume decrease at 26.1%, followed by Gate.io at 23.94%. Popular exchanges like Bitget, Kucoin, and Bitunix also reported varying declines of 4.96%, 20.37% and 13.16%, respectively, as overall market liquidity thinned<\/a>.\u00a0<\/p>\n

However, a few exchanges bucked the downward trend, recording slight gains. dYdX saw its DOGE volume surge by 167.61%, HTX increased by 49.93%, and Hyperliquid<\/a> rose by 23.88%. Bybit and MEXC also recorded modest gains of 24.98% and 1.88%, respectively.\u00a0<\/p>\n

Alongside its decline in trading volume, CoinGlass notes that Dogecoin\u2019s price performance<\/a> has slipped. The meme coin is currently trading at $0.20, down 13.19% over the past 30 days and 2.86% in the last 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin\u2019s momentum. The latest figures reveal a significant pullback in derivatives activity and spot […]<\/p>\n","protected":false},"author":0,"featured_media":108542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108541"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108541"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108542"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}