Last week, I took the drop in volume as a sign that deleveraging was complete. Today, inventory proved me wrong.
$DOGE : perpetual open interest is around 98.6 million, while the day's notional volume was just 4.53 million—a 21.7x ratio.
Price is now 0.0806, down 1.3% on the day and about 2.8% off the high.
Binance's top-five buy/sell ratio is around 1.3: shallow support is holding it up, but positions aren't unwinding.
Volume is dormant, positions are carried overnight—log it as inventory still on the books for now; don't call risk cleared.
#DOGE库存 #Meme structure
$DOGE : perpetual open interest is around 98.6 million, while the day's notional volume was just 4.53 million—a 21.7x ratio.
Price is now 0.0806, down 1.3% on the day and about 2.8% off the high.
Binance's top-five buy/sell ratio is around 1.3: shallow support is holding it up, but positions aren't unwinding.
Volume is dormant, positions are carried overnight—log it as inventory still on the books for now; don't call risk cleared.
#DOGE库存 #Meme structure