• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Dogecoin

Dogecoin Weighted Funding Rate Falls 50% In 24 Hours, What This Means For Price

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin, like the rest of the crypto market, has seen a slow down over the last day that has greatly impacted its price. However, this slowdown isn’t completely limited to the price as the open interest-weighted funding rate of the meme con has seen a significant decline over the last day.

Dogecoin OI-Weighted Funding Rate Crashes 50%

Over the last few days, as the Dogecoin price rose, so did the OI-weighted funding rate. This is normal, given that the funding rate follows market sentiment. In times when crypto traders are very bullish, the funding rate rises as long traders have to pay short traders to keep their positions open. Then, when sentiment is skewed toward bearishness, funding rates tend to drop, and short traders pay long traders to keep their positions open.

Related Reading: Crypto Analyst Says Bitcoin Rally Is Far From Over As It’s Yet To Reach Escape Velocity- What This Means

This is important as the funding rates help exchanges to keep contract prices and their underlying asset prices balanced no matter the market conditions. These fees are charged at intervals by the exchanges, but the duration between each charge varies from exchange to exchange.

Having explained that, it tells us that the drop in the Dogecoin OI-weighted funding rate is a show of bearishness among investors. When the Dogecoin price hit $0.17 on Thursday, the OI-weighted funding rate touched 0.0243%. However, as the price has dropped back down toward $0.16, the OI-weighted funding rate has now dropped to 0.0105%, according to data from Coinglass.

Dogecoin OI-weighted funding rate
Source: Coinglass

This drop is a more than 50% decline from its Thursday figures and shows how fast sentiment can turn on a cryptocurrency such as Dogecoin. However, if the Dogecoin price does begin to recover once again, then the OI-weighted open interest will rise.

Open Interest Falls Alongside DOGE

Amid the decline in the Dogecoin price, the open interest has also taken a hit as well. Its recovery to almost $1 billion on Wednesday, May 22, has been rocked by a 10% crash that has sent it back down toward $900 million once more.

The majority of this decline came in the last 24 hours, where Coinglass data shows that the Dogecoin open interest saw massive losses across all major exchanges. The largest drop in open interest came from the Kraken crypto exchange, dropping 35.94%.

Related Reading: Shiba Inu’s Shibarium Teases 420 Million Transaction Milestone As Daily Transactions Jump 50%

This was followed by dYdX with an 18.57% drop, and Coinbase with an 11.36%. Other exchanges saw varying declines between 1.25% and 7.4%, and in total, the open interest has dropped 5.31% in the last day. The total open interest is now sitting at $907.8 million.

Dogecoin’s price is currently trending at $0.1587, with a 4.59% decline in the last 24 hours. Honorable mention of Kabosu, the Shiba Inu dog behind the infamous Dogecoin logo, who recently passed away.

Dogecoin price chart from Tradingview.com
DOGE price above $0.16 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Dogecoin PEPE

PEPE Beats Out Shiba Inu In Major Meme Coin Metric, Is Dogecoin Next?

15 hours ago
Shiba Inu Dogecoin

Can Dogecoin And Shiba Inu Prices Recover? What To Expect In September

1 day ago
Dogecoin

Elon Musk’s Lawyer Listed As Chairman Of $200-M Dogecoin Treasury — Details

3 days ago
Dogecoin news

Dogecoin Network Gears Up Against Upcoming Attack: Here’s How

5 days ago
Dogecoin

Dogecoin Price Is Ready To Launch 100%+ With This Swing Move

5 days ago
Dogecoin

Is Dogecoin On Discount? Whales Go To Market With 32.9 Million DOGE Withdrawal From Binance

5 days ago

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    2 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    3 hours ago
  • From Institutional to Individual Investors: How XRP and...

    3 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    3 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.