📈Everyone’s watching prices — but the real action? It’s buried in the futures data.
🔍 Lately, I’ve been noticing something weird: XRP and DOGE haven’t moved much in spot prices, but their futures markets are exploding. DOGE open interest jumped nearly 64% in a week. XRP? Over a billion dollars added. That’s not retail FOMO — that’s big bets being placed fast.
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📊 This kind of spike usually means traders are chasing volatility, not value. The problem? Prices haven’t caught up. When open interest rises but price momentum stalls, it often signals over-leveraged positions stacking up — and we’ve seen how that story ends. Think: sudden liquidation cascades and flash crashes.
⚠️ The crowd’s betting big while the market moves small. That mismatch is a warning, not a win.