12,140,000,000 DOGE Committed in 24 Hours: Key Metric Signals Resurgence
Analysis
Price Impact
MedDespite dogecoin's recent price slump (-16.2% in december), a significant surge in open interest (12.14 billion doge, ~$1.49 billion) in its derivatives market within 24 hours signals strong speculative interest and anticipation of a short-term recovery among traders.
Trustworthiness
HighThe data on open interest surge is sourced from coinglass, a reputable analytics platform for derivatives markets, and the analysis directly reflects observed market metrics.
Price Direction
BullishThe substantial increase in open interest, particularly driven by binance and gate.io traders, suggests a collective bullish sentiment and positioning for a potential price uptick, despite the prevailing bearish trend in the spot market.
Time Effect
ShortThe surge in open interest is a 24-hour metric, indicating short-term speculative positioning and anticipation for immediate price movements rather than a long-term trend reversal.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Dogecoin traders commit 12,140,000,000 tokens Dogecoin down 16.2% in December Advertisement Amid the global market volatility, Dogecoin has slumped by nearly 3% in its trading price. However, its derivatives market is showing signs of a short-term recovery following a mild increase in its open interest over the last 24 hours. Regardless of the downtrend in the price of Dogecoin, its investors have remained bullish as open interest has surged by 1.32% in the last 24 hours, according to data from CoinGlass. Dogecoin traders commit 12,140,000,000 tokens Following the surging interest witnessed within the Dogecoin derivatives market, open interest has spiked as investors committed up to 12.14 billion DOGE, worth about $1.49 billion, to the futures market. HOT Stories Crypto Market Prediction: Bitcoin Could Spike Above $90,000, Shiba Inu (SHIB) Hits Hidden Reversal Level, Will Ethereum's (ETH) New Year Pump Happen? Fidelity’s Macro Guru Turns Bearish on Bitcoin Morning Crypto Report: Legendary Trader Speaks out on $24,111 Bitcoin Anomaly on Binance, Cardano's Hoskinson Calls out New Project and Brings up XRP, Dogecoin (DOGE) Posts 'Naughty List' CZ Reacts to Trust Wallet Hack. Are Funds SAFU? While this volume appears to be relatively low compared to levels seen in previous quarters, the increase in the amount of funds invested over the last day signals the anticipation of ecosystem investors into the meme coin after multiple days of weakness. Advertisement You Might Also Like Fri, 12/26/2025 - 13:47 Dogecoin up 76% in Key Metric, But Death Cross Still in Play By Godfrey Benjamin The open interest refers to the sum of unsettled active futures contracts that investors have committed to Dogecoin. The decent increase shows that holders are anticipating an uptick in the coming days. With more capital flowing into the Dogecoin derivatives market, Binance and Gate.io traders have driven the bullish momentum as they carry the highest volume of the open interest share in the market. Advertisement Dogecoin down 16.2% in December Dogecoin has continued to witness a heavy correction since the beginning of the month, with its price trading majorly on the bearish trajectory on most days. Following this weak performance, Dogecoin has lost all its 2025 gains and has recorded a negative return of 16.2% in December. Despite the brief increase in its open interest, the weak momentum prevails as investors' confidence appears to be growing low. #Dogecoin #Dogecoin Price Prediction #Binance #Gate.io