Dogecoin (DOGE) Sees Spike in Demand for Short Positions

Thursday, 20 June 2024, 08:31
Dogecoin, the popular cryptocurrency, is experiencing a surge in demand for short positions among derivatives traders. This growing trend suggests concerns about a potential price decline, with predictions indicating a possible drop to $0.11. Traders are actively accumulating the coin in anticipation of this scenario, highlighting the current market sentiment towards Dogecoin.

Dogecoin (DOGE) Demand Surge for Short Positions

Dogecoin derivatives traders are increasing their short positions, indicating growing concerns over a price decline. Traders anticipate a potential drop to $0.11, reflecting the current bearish sentiment surrounding Dogecoin.

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