<ul><li>Dogecoin's open interest has crashed over $3 billion since January, indicating declining interest in its ecosystem among traders.</li><li>Bearish sentiment in the broader crypto market has contributed to the decline in Dogecoin's open interest.</li><li>Other bearish metrics, such as a significant decline in network activity and active addresses, suggest that the decline may continue.</li><li>Despite the downtrend, some analysts believe that Dogecoin can still rally to the $1 target and potentially even higher in this market cycle.</li></ul>

Dogecoin Open Interest Crashes Over $3 Billion Since January, Will The Bloodbath Continue?

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