DEXE experienced a significant decline, dropping 15.27% to $7.6 as seller dominance increased and derivatives outflows surged. The altcoin fell from $9.2 to $7.3, losing the $8 support level, and marking a weekly loss of nearly 8%. The drop was accompanied by a rise in seller dominance to 930k, while buyer dominance decreased to 582k, indicating strong sell-side pressure.
In the derivatives market, open interest fell by 1.37% to $20 million, while derivatives volume increased by 80%, suggesting heightened selling activity. Futures outflows rose to $14.7 million, with net flow declining by 172% to -$342k, as traders reduced exposure and closed positions. Despite the downturn, DEXE remains in a broader uptrend, with potential recovery if it closes above $7.9, though continued selling could push it to $5.1.
DEXE Plummets 15% Amid Rising Seller Pressure and Derivatives Outflows
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