Dogecoin, the once-favorite humorous cryptocurrency, is currently leading a sharp decline in open interest (OI) among cryptocurrencies. According to the latest data, Dogecoin's OI has fallen by 64% since the end of March. This stands out as one of the steepest declines among cryptocurrencies. This trend is in line with the overall bearish trend among top cryptocurrencies such as XRP and Solana.
Market Sentiment Declines as Open Interest Drops
CryptoMann, a well-known crypto trader, noted that there has been a decline in investor interest and “this lack of interest is reflected in the decline in OI-future contract open positions, a vital metric for assessing market sentiment and predicting price movements.”
According to CoinGlass data, Dogecoin's OI amount is currently $668.2 million, down from its OI value on April 1. Similarly, Solana's OI dropped 47% to $1.51 billion, while XRP's OI dropped 44% to $497.67 million during the same period. Instability in the market often heralds lower OI, leaving investors uncertain about the direction of the market following the Bitcoin halving in April.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
