As of April 6, 2025, Dogecoin long positions on Binance Futures reached 77.98%, reflecting a bullish sentiment among traders despite a slight decrease throughout the week. Speculative trading is suggested by weak correlations between Daily Active Addresses and price changes.
The decrease in whale activity, from 466 transactions over $100,000 on January 21 to just 19 by April 5, indicates waning interest from larger investors. Although futures traders show optimism, broader market indicators suggest a decline in overall confidence and participation.
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