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Total Open Interest of DOGE on the Entire Network Rises to 16.24 Billion, Reaching a Record High with a Monthly Increase of 48%
Summary: According to Coinglass data, the total open interest of standard contracts and perpetual contracts globally has climbed to a record level of 16.24 billion DOGE (approximately $4 billion at current prices), with a monthly increase of 48%, surpassing the historical peak of 14.31 billion in January this year. Coindesk analyst Omkar Godbole stated that the ...
According to Coinglass data, the total open interest of standard contracts and perpetual contracts globally has climbed to a record level of 16.24 billion DOGE (approximately $4 billion at current prices), with a monthly increase of 48%, surpassing the historical peak of 14.31 billion in January this year.
Coindesk analyst Omkar Godbole stated that the number of open interest contracts reflects the active contract size at a specific time, and its simultaneous rise with prices is often seen as a trend confirmation signal. Currently, the funding rate for DOGE perpetual contracts remains positive, indicating strong demand for leveraged long positions - this type of demand often exacerbates price fluctuations.
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Link: Total Open Interest of DOGE on the Entire Network Rises to 16.24 Billion, Reaching a Record High with a Monthly Increase of 48% [Copy]
