Dogecoin Open Interest Falls as DOGE Derivatives Market Shifts on Binance and Bybit

Dogecoin open interest fell by over 7% in the past 24 hours as DOGE derivatives show mixed moves on Binance and Bybit, with Bybit up but market share still modest.

Rich by Coin

2026-02-24

According to CoinGlass, Dogecoin open interest declined by more than 7% in the past 24 hours. The DOGE derivatives landscape has shown notable yet varied activity across major exchanges. On Binance, open interest slipped as traders committed about 2 billion of the roughly 11 billion total. Bybit posted a 4% rise, but its market share remains around 8%, limiting its impact on the overall tone.

The mixed moves point to cautious sentiment in DOGE derivatives, with liquidity and funding dynamics likely to follow the evolving positioning on key venues. Market watchers will monitor further shifts to gauge whether the downtrend in open interest signals a broader trend.