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Analysis: XRP and DOGE futures open interest surges, may signal heightened speculative risk
2025-05-14 12:30:28

Odaily News Despite the slowdown in spot price gains, open interest (OI) in the XRP and Dogecoin (DOGE) futures markets has increased significantly over the past week, indicating a rise in speculative sentiment in the market. According to data from on-chain analysis company Glassnode, DOGE futures open interest increased from $989 million to $1.62 billion, a 63.9% increase; XRP futures open interest increased by 41.6%. The analysis pointed out that the divergence between futures positions and price trends may increase the risk of sharp market fluctuations and forced liquidations, and investors need to be wary of potential market pullbacks. (CoinDesk)