Dogecoin Open Interest Crashes To April Levels, Here’s What Happened Last Time
Dogecoin’s open interest has seen a big decline over the previous few months, and the most recent push decrease has despatched the meme coin scraping April 2025 ranges. The present pattern mirrors the Dogecoin worth decline that has persevered even throughout the Bitcoin worth uptrend. Looking on the historic performance of Dogecoin over time, when the open curiosity has seen a big crash, it’s potential that the meme coin may see a fast bounce at present ranges.
Where The Dogecoin Open Interest Is Sitting
Coinglass knowledge factors out how a lot the Dogecoin open curiosity has declined in current occasions, after hitting new all-time highs again within the fourth quarter. The all-time high open curiosity for the cryptocurrency sits firmly on the $6.01 billion that was recorded again on September 13, exhibiting the stark distinction between the place it was and the place it’s sitting at proper now.
The knowledge aggregation web site reveals that the Dogecoin open interest is at present sitting at $1.8 billion, which reveals a 70% decline during the last three months. The final time that the open curiosity was this low was again in April 2025, following Donald Trump’s tariff wars.
Crypto analyst KrissPas additionally highlights the Dogecoin open curiosity efficiency over this time, exhibiting occasions the place it has spiked this yr. So far, the DOGE open curiosity has crossed the $5 billion mark a complete of 3 times, however every time has ended up in a significant crash.
KrissPax explains that the crash in open curiosity triggered by huge liquidations was a result of different developments. The first of those was the Donald Trump tariff bulletins that triggered a significant market crash. Next had been exchanges and market makers, who inevitably triggered the second and third liquidations earlier than the legendary October 10, 2025, crash.
There Is Still Hope
While the present pattern factors towards additional decline within the Dogecoin worth, historic efficiency suggests that it could bounce quickly. Looking again on the occasions when the Dogecoin open curiosity had trended this low, the resultant transfer has all the time been extra of a bullish run.
This was the case following the April 2025 low, leading into another recovery that noticed the value transfer from under $0.2 to $0.25 earlier than the momentum weakened. Then once more, an analogous pattern was recorded following the July 2025 low, with the Dogecoin worth finally rallying from under $0.2 to achieve $0.29 earlier than momentum ran out.
Going by the earlier pattern of a minimum of a 20% enhance in worth following the open curiosity hitting a low, it may imply that the Dogecoin worth may see one other foray above $0.15. However, this additionally is dependent upon the bitcoin market efficiency and the way the broader crypto market responds.
