Data shows the Dogecoin Futures Open Interest has continued to rise, a sign that the price pullback hasn’t discouraged speculative activity. Dogecoin Futures Open Interest Is Up Almost 64% Over Past Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the Futures Open Interest of Dogecoin. The “Futures Open Interest” here refers to a metric that keeps track of the total amount of futures positions related to DOGE that are currently open on all centralized derivatives exchanges. When the value of this metric goes up, it means the investors are opening up more positions on the market. The total leverage present in the sector usually goes up when new positions appear, so this kind of trend can lead to more volatility for the asset’s price. Related Reading: Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High? On the other hand, the indicator observing a decline suggests the holders are either closing up positions of their own volition or getting liquidated by their pl ..
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