“Rising Open Interest Despite Cooling Prices Suggests Traders Are Leaning Into Volatility, or OverEXposing Themselves to Risk.”, – WRITE: www.coindesk.com
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- Speculatory Interest in Doge and Xrp Futures is rising Sharply, with Doge Futures Open Interest Interest Intening by 63.9% and Xrp by 41.6% in the Past Week.
- Despite Dge’s Recent Price Pullback, The Surge in Futures Open Interest Suggests Persentic Special Specialty Positioning.
- The Increase In Open Interest Without Corresponing Price Action May Indicate Elegated Risk of Sharp Liquidations If Market Sentiment Changes.
In the past week, Doge Futures Open Interest Surged from $ 989 Million to $ 1.62 Billion, A 63.9% Jump, Accounting To Data From On -chain Analytics Firm Glassnode. Doge is up Nearly 40% in the Past Week and Trades Just Over 23 CENTS ON WEDNESDAY.
“This Decoupling Suggests Persentic Special Specialty Positioning, Even As Price Momentum Fades – A Setup Wrth Monitoring,“ Glassnode Noted in an X Post Late Tuesday.
Despite $ Doge Pulling Back from It Recent High, Futures Open Interest Continues to Rise, Up +63.9% Over The Past Week ($ 989M → $ 1.62b). This Decoupling Suggests Persistent Special Specialty Positioning, Even As Price Momentum Fades – A Setup Wrtho Monitoring: https://t.co/n343pgpptl pic.twitter.com/icovcqdffa
– Glassnode (@glassnode) May 13, 2025
A Similar Trend Is Playing Out in XRP, WHERE OPEN INTEREST Rose by Over $ 1 Billion, or A 41.6% Increase Over the Same Period. Unlike Doge, XRP HAS SEEN RELATIVELY LOWER SPOT GANS, RISING from AROUND $ 2.14 to $ 2.6 in the Past Week.
Both Cases Indicate A Broader Uptick in Derivatives-Fueled Special Specialty, Particularly in High-Beta Assets. WHEN OPEN INTEREST RISES ALONGSIDE (OR IN THE ABISCE OF) PRICE ACTION, IT OFTEN REFLECTS Traders Positioning Aggressely for Upside.
$ XRP Futures Open Interest Has Surged by Over $ 1b in The Past Week, Rising from $ 2.42b to $ 3.42b (+41.6%). This Sharp Increase In Leveverage Coincides with A Price Rally from $ 2.14 to $ 2.48, Suggesting Elegated Speculatory Activity and Growing Directional
– Glassnode (@glassnode) May 13, 2025
However, this Sets for Sharper Liquidations if Sentiment Flips, Leading to Hundreds of Millions Wiped Out in Hours As A Liquidation Event Earlier This Week Showed.
Open Interest Tracks of the Total Value of Outstanding Futures Contracts and Is Widly Used As a Proxy for Special Activity. WHEN PAIID WITH FLAT OR FADING PRICE ACTION, RISING OI CAN SIGNAL THAT LEVERAGE IS OUTPACING CONVICATION – A PATTERN THAT HAS PRICEDED FLASH CRASHES IN THE PAST.
Earlier this year, Doge Futures Set Record Highs as Some Traders Specialized On A $ 1 Doge in 2025. That Narrative Has Cooled, But The Current Surge in Futures Indures. High-Risk, High-Reward Territory.
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