Dogecoin Breakdown Or Bottom? On-Chain Risk Hits Extreme Value Zone

Bitcoin's derivatives market is undergoing a significant reset, with Binance's open interest dropping over 31% from its October peak as futures-led selling pressure diminishes. This decline follows a speculative surge in 2025, where open interest reached an all-time high of over $15 billion. CryptoQuant contributor Darkfost suggests that such a deleveraging phase often coincides with meaningful cycle lows, indicating a potential market bottom.

The cryptocurrency market is experiencing a notable surge, with Bitcoin, Ethereum, and Dogecoin seeing significant price increases. This uptick follows the release of positive US economic data, highlighting improvements in unemployment and consumer spending, alongside potential regulatory changes from a proposed bill.

Dogecoin's price increased by 4.5% on January 13, 2026, as it began to recover from recent losses, with bullish patterns indicating a potential upward trend. This rise comes amid a critical price level where technical analysis suggests sellers are showing signs of exhaustion.