Dogecoin Traders Shift to Shorts as Market Volatility Subsides

Thursday, 20 June 2024, 10:10
Traders are turning to short positions on Dogecoin as funding rates turn negative, indicating a shift away from risky assets. The broader crypto market experiences low volatility, prompting a more cautious approach. The decline in meme coin frenzy reflects the market's search for stability amidst recent turbulence, emphasizing the importance of risk management.
CoinDesk
Dogecoin Traders Shift to Shorts as Market Volatility Subsides

Shorting Dogecoin

Traders are moving towards short positions on DOGE.

Market Condition

Funding rates are flipping negative, indicating a shift away from risky assets.

  • Low Volatility: Broader crypto market shows reduced volatility.

Traders opt for safety in a challenging market environment.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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