DOGE Bearish Sentiment: Perpetual Funding Rates Plummet Despite Grayscale Trust Announcement

The market is currently exhibiting a notable divergence in sentiment, driven by the announcement of Grayscale's intention to list a Trust. While this news is fundamentally positive for institutional adoption, the market's immediate reaction in perpetual futures indicates a strong bearish bias, suggesting traders are either skeptical of the short-term impact or positioning for a potential 'sell the news' event.