Dogecoin Futures Open Interest Stabilizes Near $16B
Dogecoin futures open interest stabilized at 15.65 billion DOGE, or approximately $16 billion, according to CoinGlass data. Unsettled contract value remains near $3.36 billion, underlining sustained bullish sentiment in the DOGE futures market. Exchange data show Gate leading with $878 million in open DOGE positions, followed by Binance at $658 million (19.65% share). The marginal 0.13% drop in open interest amid short-term price softness indicates traders have held firm positions, pointing to muted speculative churn. Crypto traders are now monitoring Dogecoin open interest alongside price action for signals of a potential rebound or extended consolidation phase.
Bullish
The stability of Dogecoin futures open interest around $16 billion, despite a marginal 0.13% one-day decline, indicates that traders have largely maintained their positions in the face of short-term price softness. Exchange-level data from Gate and Binance show significant holdings, reflecting steady liquidity and confidence in a potential rebound. In the short term, muted speculative churn may limit volatility and support price floors. Over the longer term, sustained open interest suggests resilient investor conviction, setting the stage for a bullish breakout if fresh demand emerges. Collectively, these factors point to a bullish outlook for DOGE trading activity.