The magnitude of outstanding futures contracts has experienced a substantial decline. Specifically, the open positions in DOGE have plummeted from approximately $10 billion to around $2 billion within a span of about a month. This trend is also evident in numerous altcoins and BTC. On July 4th, the price dipped below $60,000, and five days later, the long-short metric indicated a two-week low in investor enthusiasm. Market makers, influential investors, and professional traders are exercising caution when it comes to engaging in high-leverage positions in a bullish market. Stay informed on the most recent updates in finance and business news by visiting COINTURK FINANCE.
