10,530,000,000 Dogecoin Registered as Futures Traders Gear Up
Analysis
Price Impact
HighA significant increase of 1.08% in dogecoin's open interest over the last day, totaling over 10.5 billion doge, indicates strong renewed interest from futures traders. this level of commitment often precedes notable price movements.
Trustworthiness
HighThe analysis is based on concrete data from reputable sources like coinglass and coinmarketcap, which track open interest and price action accurately.
Price Direction
BullishThe article explicitly states that an increase in open interest volume reflects a 'bullish signal' for doge. this, combined with the current 2.16% surge in price and a 'major rebound' suggestion, points to bullish sentiment.
Time Effect
ShortDerivatives market activity, particularly open interest shifts, often lead to price movements in the short to medium term as traders' positions influence spot prices.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Dogecoin is showing signs of a major rebound amid rising interest on its derivatives market. The negative trend witnessed in DOGE futures' activity has seen a big shift as the asset sees a decent increase in its open interest volume over the past day. Advertisement According to data from CoinGlass, Dogecoin futures traders have committed over 10.5 billion DOGE worth over $1.48 billion on Friday, Dec. 12. This marks a decent increase of 1.08% in the meme asset’s open interest over the last day. Dogecoin prints bullish signal Despite being in red territory in the last few days, Dogecoin's open interest has shifted in the past few hours, suggesting a major rebound could be imminent. HOT Stories Morning Crypto Report: Bitcoin Mogul Saylor Taps JP Morgan, Satoshi Disappeared Exactly 15 Years Ago, Shiba Inu (SHIB) Denies 'Meme Coins Are Dead' Claim Ripple CTO Reacts to Solana's XRP Integration Crypto Market Prediction: Is Shiba Inu (SHIB) Dream Rally Ending? Ethereum Brutally Denied After Fakeout, Bitcoin (BTC) Not Giving up $100,000 XRP Holders Should Mark Their Calendars for These Dates While Dogecoin open interest is a tool that measures how much investors are willing to bet on the asset, an increase in the metric reflects a bullish signal for the DOGE price. Advertisement According to data from CoinMarketCap, Dogecoin has surged by 2.16% in the last 24 hours. After seeing an intraday low of $0.1365, Dogecoin is now trading at $0.1409 as of press time. You Might Also Like Thu, 12/11/2025 - 07:53 Dogecoin Jumps 61% in Volume as Market Awaits Crucial Catalyst By Tomiwabold Olajide This metric defies the trend witnessed across the broad crypto derivatives market as major cryptocurrencies, including XRP, have seen their open interest decline over the last day. Advertisement Following the rising interest from investors, Dogecoin appears to be headed for a big price rebound. Nonetheless, the data shows that traders on Gate.io exchange have shown the most interest as the exchange shows the highest percent of traders betting on the asset. Notably, Gate.io accounts for 24.82% of total open interest, while Binance comes second, accounting for 18.38% with a massive 1,930,000,000 DOGE tokens committed on the exchange. #Dogecoin #Dogecoin Price Prediction #Binance