Glassnode: DOGE futures open interest rose by 63.9% over the past week, and speculative sentiment remains high.

BlockBeatNews
DOGE-2,88%

BlockBeats news, on May 13, Glassnode data shows that although DOGE has retreated from recent highs, the futures open interest is still rising, increasing by 63.9% over the past week (from $989 million to $1.62 billion). This divergence indicates that even though price momentum is weakening, speculative positions in the market are still increasing.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments