DEXE has experienced a significant decline, dropping 11.5% to $12 amid a broader market cooldown. The altcoin's market cap fell by 12%, reflecting increased capital outflows as retail traders exited futures positions. Open Interest decreased by 8% to $33 million, while derivatives volume rose 25% to $90 million, indicating heightened trading activity and position closures. Despite the bearish sentiment, with the Bulls vs. Bears indicator turning negative, DEXE whales have been actively defending the $12 support level. Increased large whale orders suggest aggressive accumulation, providing a potential lifeline for the altcoin. If whale demand persists, DEXE could stabilize and potentially reclaim the $14.7 resistance level.