CoinFubi

On Sunday, Dogecoin 在市场上交易相对安静，现货与衍生品的成交量均有所下滑。根据 CoinMarketCap 数据，Dogecoin 在过去 24 小时的交易量下跌 24%，至 $703.75 million。在衍生品市场，成交量下滑 23%，至 $1.61 billion。然而，市场出现了异常的 futures flow 下跌，扰乱了表面上看起来安静的交易叙事。

据 CoinGlass 数据，Dogecoin 在一个八小时的时间框架内经历了 100,456.56% 的 futures netflow 下跌。在同一八小时内，Dogecoin 的 futures inflow 为 $72.10 million，而 outflows 为 $99.51 million，超过了流入。两者之间的差额导致净流量下降为负的 100,456.56%。这一净流出可能表明交易者在最近几周形成的周末模式后，急剧调整头寸。

Traders might be reducing their exposure as the market saw volatile action over the weekend. Sundays have often been marked by volatility, building up on selling ahead of the weekend. A recurring narrative has emerged in recent months, with late-week selling dragging prices toward the lower end of the range toward Saturday. Dogecoin open interest remains in the positive, up 3.93% in the last 24 hours, as open interest for major cryptocurrencies declined in this time frame.

This, coupled with the unusual netflow spike, although negative, suggests that traders might need to pay attention to Dogecoin. Traders appear to be on the defensive as Dogecoin’s price drop since March 4 is entering its fourth day. At the time of writing, DOGE was down 2.27% in the last 24 hours to $0.088 and down 4.73% weekly.

Price action in the crypto market has largely been driven by macro narratives rather than new catalysts, causing uncertainty. Traders are watching whether $0.088 holds as a support, as a rebound could target $0.103, which coincides with the daily MA50 and potentially $0.117, while a break lower may open the door to deeper support around $0.079.