Dogecoin traders are showing a lot of interest in futures contracts, even though the coin’s price has dipped a bit. That split between price moves and betting activity is drawing attention. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Futures Interest Climbs Despite Pullback According to on‑chain data provider Glassnode, open interest in Dogecoin futures jumped from almost $990 million to $1.62 billion this week. That rise came after the price slid back from near $0.25 into the $0.22–$0.23 zone. It’s a sign that traders are still placing big bets, even as momentum cools. Back in mid‑February, open interest fell below $900 million by April, as Dogecoin headed down from its brief rally above $0.23. This week’s surge breaks that past trend. Despite $DOGE pulling back from its recent high, Futures Open Interest continues to rise, up +63.9% over the past week ($989M → $1.62B). This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring: https://t.co/N343pGpptL pic.twitter.com/icOVcqDffA — glassnode (@glassnode) May 13, 2025 Price Rally And Minor Setb ..
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