Crypto

Dogecoin bullish signal emerges as buy bets expand amid price weakness

Long positions are widening their lead over short positions in the Dogecoin derivatives market, lifting expectations of a rebound. On July 10, U.Today reported that the long-short ratio across major exchanges tilted broadly bullish. Derivatives participants appear to be betting on a recovery despite months of price weakness. OKX showed a long-short ratio close to 3.5 to 1, while Binance data also indicated more long positions. Spot charts, however, remain cautious, with resistance levels near $0.08 and $0.09 in focus.

Crypto

Shiba Inu rebound fails to lift spot demand as burn value plunges to about $13

Shiba Inu's daily burn amount plunged to about $13 on July 9, a day after a sharp increase. U.Today reported that 113,192,435 SHIB were burned on July 8, the biggest burn in about six months, but only 2.64 million SHIB were burned over the past 24 hours on July 9. The token’s price stayed around $0.000004, while market participants remained cautious. Data showed falling derivatives volume but rising open interest.