For context, Dogecoin currently ranks third among all Proof-of-Work blockchains by 24-hour active addresses, commanding a 12% share of total PoW activity and outperforming blockchains like Dash and Bitcoin Cash.
Buyers Are Hunting, Long-Term Holders HoldingRetail positioning on OKX is more pronounced, with a long/short ratio of 3.49, categorized as extremely bullish. Whale accounts on OKX show a 1.61 ratio leaning bullish, although whale positions currently have a more cautious stance in open exposure at 0.79.
Bybit data shows similar optimism, with retail at 2.98 and whale accounts at 2.99 on the long side. Whale positions on Bybit are also close to neutral at 0.99, suggesting balanced positioning but not outright bearish pressure. The only note of caution in the data is Smart Money Sentiment, which reads as bearish across all three of the biggest Dogecoin exchanges.
