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Dogecoin open interest drops 13.34%, XRP shows most negative funding rate in crypto futures shift

Market News
08 Oct 2026
Tokenpost
View Source
Neutral
Dogecoin open interest drops 13.34%, XRP shows most negative funding rate in crypto futures shift

On October 8, Dogecoin saw a significant 13.34% drop in perpetual-futures open interest to $241.1 million, with a positive funding rate indicating longs pay shorts. Meanwhile, XRP recorded the most negative funding rate at -0.0031% every eight hours, signaling bearish trader sentiment despite a 5.54% decline in open interest to $444.3 million. Other major cryptos like Bitcoin, Ether, and Solana also experienced declines in open interest and varied funding rates, reflecting traders adjusting positions amid market shifts. These changes highlight evolving trader strategies in the crypto futures market as prices fluctuate.

As of October 8, 2026, 13:31 WIB, Dogecoin trades at Rp1,560 with a 1-day drop of 3.53%, contrasting with XRP's sharper 5.24% decline to Rp24,967 on Pluang. While Dogecoin's market cap is Rp245.31 trillion, XRP's is significantly larger at Rp1,591.33 trillion, highlighting different scales despite XRP's higher buy order activity of 84% versus Dogecoin's 40%. Bitcoin remains the largest by market cap at Rp29,816.17 trillion, trading down 1.91% at Rp1,476,732,179, showing more stability compared to the sharper moves in altcoins.

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