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Dogecoin shows negative funding rate as open interest drops across top 5 cryptos Nov 7

09 Nov 2026, 11:36 WIB
Tokenpost
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Neutral
Dogecoin shows negative funding rate as open interest drops across top 5 cryptos Nov 7

On November 7, Dogecoin was the only one among five major cryptocurrencies to have a negative perpetual-futures funding rate, indicating traders holding long positions were paid by those holding shorts. Meanwhile, open interest—the total value of outstanding futures contracts—declined for all five assets, signaling reduced trading activity. Bitcoin maintained the highest open interest at $7.28 billion, while XRP experienced the steepest percentage drop in open interest. These shifts reflect cautious market sentiment and may influence future price movements and trader strategies.

XRP is trading at Rp19,742 with a 1-day loss of 6.24%, showing significant selling pressure on Pluang. Dogecoin is down 1.95% at Rp1,254, while Bitcoin trades at Rp1,342,725,643, down 2.02%. These figures reflect ongoing cautious sentiment among traders as of Nov 09, 2026 16:51 WIB.

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