Dogecoin’s open interest has dropped significantly to $1.57 billion from a January high of $5.42 billion, indicating reduced market participation. This decline reflects a bearish trend, with traders withdrawing and liquidity decreasing, creating a fragile price environment. Geopolitical tensions, such as tariff threats, exacerbate Dogecoin’s challenges by affecting risk asset prices negatively. Despite current struggles, optimists project potential price increases,