OI surges 63%, are DOGE and XRP brewing a "big move"?
Although the spot price increase has slowed down, the futures market for XRP and DOGE is heating up.
According to Glassnode data, in the past week:
DOGE open interest rose from 989 million → soared to 1.62 billion, a staggering increase of nearly 64%
XRP open interest also increased by 41.6%
This indicates: although the price hasn't risen much, more and more people are placing bets — a typical "chip accumulation".
The risk is coming:
When futures OI diverges from the price trend, it often indicates potential violent fluctuations.
If the market reverses, strong liquidations, price spikes, or even localized crashes could occur!
At this stage, don't blindly chase the long positions, especially with heavy leverage; risk control must come first to avoid being caught in a "chain reaction" harvest!
