CryptoDangers8888

07/11 05:26

Could derivatives data signal the next major move

Could derivatives data signal the next major move for DOGE?

At the time of writing, Open Interest surged sharply by 15.09% to $2.44 billion, reflecting a renewed influx of capital into DOGE futures. 

At the same time, Funding Rates remained positive at +0.0093%, indicating that long positions are paying short traders, an early sign of bullish conviction.

This combination of increasing exposure and sustained optimism highlights growing confidence from derivatives traders. 

However, excessive leverage without spot market support could lead to forced liquidations. For now, the data supports continuation, but traders should monitor for shifts in funding or aggressive OI spikes.

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