Dogecoin futures surged by 40% in 24 hours, reflecting increased risk-taking by traders, historically linked to local price peaks. Open interest hit 7 billion DOGE tokens, valued at $600 million, mirroring April levels. Binance leads with $275 million in bets, suggesting a balanced longs-to-shorts ratio. While rising interest typically signals bullish sentiment, sudden spikes might forewarn market trend shifts.
Dogecoin Futures Open Interest Jumps to 7B DOGE, Indicating Risky Bets
