Ibahagi ang artikulong ito
Dogecoin Futures Open Interest Jumps to 7B DOGE, Indicating Risky Bets
Trading interest in DOGE bets rose more than 40% in the past 24 hours to reach the highest level since April.
- Trading interest in DOGE bets rose over 40% in the past 24 hours to reach the most since April.
- An increase in leveraged bets came after a 12% surge on Thursday as one company said it planned to send a physical Dogecoin token to the moon.
- However, a spike in DOGE prices could be considered a generally bearish indicator
A key metric of dogecoin [DOGE] futures jumped about 40% in the past 24 hours, an indication of higher risk-taking behaviors among traders and one that has historically marked local price tops in crypto markets.
Open interest, or the number of unsettled futures bets, spiked to more than 7 billion DOGE tokens on Friday, reaching levels previously seen in April. These positions are worth $600 million at current prices.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
Nearly half of the bets, $275 million worth of futures positions, are placed on Binance, followed by Bybit at $134 million and OKX at $85 million. The longs-to-shorts ratio is 50% on either side, implying traders may have hedged all their bets.
Rising open interest usually signals a bullish bias among futures traders. However, if it grows too high or spikes suddenly, it can be a bearish signal that indicates a coming change in market trends as traders may be building short positions.
The increase in DOGE open interest is an outlier to the general market. Futures tracking major tokens, such as bitcoin and ether , saw a 5% drop.
DOGE prices jumped over 12% on Thursday amid reports of a space payload mission planned by Pittsburg-based firm Astrobotic to take a physical dogecoin token to Earth’s moon in a December mission.
Moreover, some traders say sudden jumps in meme coins such as DOGE are generally bearish events that indicate heightened risk-taking behavior synonymous with the end of a broader crypto rally.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
