Dogecoin Binance futures open interest down 2.5% in 24 hours

Binance's DOGE/USDT perpetual futures open interest fell 2.5% in 24 hours to $177.1 million as of 2:10 p.m. KST on the 6th, alongside a decline in the spot price to the low $0.07 range. Data from futures tracker Seandra showed 73% of accounts on the contract holding long positions, a funding rate of 0.0052%, and more than $3.8 million in forced liquidations over the same period, all specific to Binance's contract rather than the broader DOGE futures market. The account-based long ratio reflects position counts, not the share of long exposure by value, so it does not by itself signal how much capital is leaning bullish. The combination of shrinking open interest, negative price action and steady long positioning suggests traders are trimming exposure rather than adding it. Watch whether open interest stabilizes and whether the funding rate stays positive, which would indicate longs remain willing to pay to hold positions.