$DOGE

🚨 $670 Million Surge in Dogecoin Open Interest Signals More Gains Ahead 🚨

The rapid increase in Dogecoin’s spot price is now being validated by an even sharper surge in derivatives market activity.

Open Interest in DOGE futures has surged 23.52%, increasing $670 million in 24-hours, to $2.76 billion, outpacing the token’s 15% price gain over the same period.

This divergence highlights not just bullish price action but also a deepening commitment among traders anticipating further upside, as more capital is now actively engaged in DOGE positions across major exchanges.

Rising open interest paired with expanding volume, up 14.07% to $7.22 billion, suggests DOGE’s market depth is improving.

This can help stabilize the asset during near-term pullbacks while offering a cushion against abrupt volatility spikes.

Notably, the options market is also showing strong directional bias. Options volume rose 26.96% to $410.4 million, and open interest in DOGE options jumped by 69.35% to $631,910, indicating robust speculative demand from sophisticated traders looking to leverage near-term momentum.

Further reinforcing the bullish outlook is the long/short ratio across top exchanges. On Binance, the long/short account ratio stands at 2.308, while OKX reports a ratio of 2.49, indicating a clear bullish skew in trader positioning.

Among top traders, the imbalance is even more pronounced, with Binance showing a long/short position ratio above 3.1. These metrics point to broad conviction that the current rally has room to extend.

In conclusion, the convergence of rising price action, outsized open interest growth, and bullish sentiment in both futures and options markets suggests that Dogecoin is not merely in a short-term speculative phase.

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