Analysis: Significant Increase in XRP and DOGE Futures Open Interest Over the Past Week May Indicate Rising Speculative Risks

Despite the slowdown in spot price gains, the open interest (OI) in the futures markets for XRP and Dogecoin (DOGE) has significantly increased over the past week, indicating a rise in market speculation. According to data from on-chain analytics firm Glassnode, DOGE futures open interest rose from $989 million to $1.62 billion, an increase of 63.9%; XRP futures open interest grew by 41.6%. Analysts point out that the divergence between futures positions and price trends may increase the risk of market volatility and forced liquidations, and investors should be wary of potential market corrections. (CoinDesk)