Dogecoin Falls 10% in a Week as Derivatives Activity Weakens

Dogecoin recovered toward $0.085 on October 13, but declining futures exposure and a series of lower price highs suggest traders remain cautious following the cryptocurrency market’s latest selloff. DOGE traded near $0.08496, with a market capitalization of $14.61 billion and approximately $2 billion in daily trading volume. Although the token rebounded from an intraday low of $0.07992, its price remained below several important moving averages. Derivatives data showed open interest falling to $614.9 million, while Binance, Bybit, OKX and Hyperliquid accounted for nearly all outstanding positions.