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Dogecoin price drops 14%, but futures funding stays positive — Why?

Dogecoin price drops 14%, but futures funding stays positive — Why?

Photo: AMBCrypto

Dogecoin [DOGE] usually has the crowd on its side. Right now though, it's crickets. Here's a quick look at what's happening. $540K just bled out of Dogecoin ETFs Not too long ago, Dogecoin ETFs were on a three-week inflow streak. October has been brutal, though. Per data from SoSoValue, spot DOGE ETFs haven’t recorded a single day of inflows this month. From October 1 to 9, nothing moved at all. Then the outflows started. Close to $400K left the funds on the 12th. Another $138,570 followed the very next day. That’s about $540,000, gone in two days.

Source: AMBCrypto

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