Breast Coins have recently witnessed major fluctuations in the midst of a wider crypto market regression. In particular, Doge, Pepe, Shib, Floki and other leading tokens have recently experienced a turmoil that triggered market concerns. Meanwhile, a recent report points to a potential decrease in the prices of stock market data. This increases concerns among investors.
Stock market data points to more decreases for Pepe and others
On-Chain Analysis firm Glassnode stressed that there is a sharp decrease in the futures open interest rates (OI) in the breast coin industry in an recent release of X. According to the company, OI measurements, which show the total value of unpaid derivative contracts, have fallen since their summits and signaled a potential decline tendency.
Source: Glassnode, xFor Dogecoin (Doge), the 7 -day moving average of the Futures OI decreased by 58.45 %and fell from $ 3.58 billion on December 9, 2024 to $ 1.49 billion. In Pepe, Bonk and WIF, 71.93 %, 75,10 %and 69.83 %decreases, respectively, the situation for other breast coins is even more pronounced.
Source: Glassnode, xPopular Shiba Inu and Floki Inu Coins followed this trend. Shıb’s term transaction volume decreased by 74.41 %to $ 83 million from $ 323 million to 83 million dollars, while the flok decreased from 69.18 %to $ 41.7 million to 12.9 million dollars.
Source: Glassnode, x
What does this mean for breast coin investors?
The sharp decline in the Futures OI points to a potential “leverage escape” in which investors have closed the leveraged positions because of their probably decreasing confidence. This tendency may indicate a wider change in sensitivity in the breast coin industry and lead to cautious among individual investors.
For investors, the decreasing OI may mean lower liquidity and higher volatility in the near term. It also shows that early this year’s speculative excitement may be diminishing and that prices may remain vulnerable to further correction.
How does Dge, Shıb, Pepe and Floki perform?
The price of the Doge today has recorded marginal gains and changed hands for $ 0.2545 while a decrease of more than 1.5% per week. In particular, Token saw the highest and lowest level of 30 days, $ 0,4002 and $ 0.2117. Simultaneously, the price of SHIB was 0.2 %decreased by 0.2 %today, while one -day transaction volume decreased by 19 %to $ 208.42 million. This leading dog themed breast Coin fell 26 %in the last 30 days, while a 5 %decrease.
On the other hand, Pepe Coin price fell by 2 %and the transaction volume decreased by 38 %to $ 65.47 million. However, the price of the FLOKI has recovered today and increased by 4 %in the last 24 hours to $ 0.00009840. This last gain helped FLOKI witnessed a 7 %earning gain, but still experienced a decrease of over 33 %in the last 30 days.
