{"id":4410,"date":"2025-05-14T17:00:36","date_gmt":"2025-05-14T17:00:36","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/price-down-bets-up-dogecoin-open-interest-climbs-to-1-62-billion\/"},"modified":"2025-05-14T17:00:36","modified_gmt":"2025-05-14T17:00:36","slug":"price-down-bets-up-dogecoin-open-interest-climbs-to-1-62-billion","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/price-down-bets-up-dogecoin-open-interest-climbs-to-1-62-billion\/","title":{"rendered":"Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion"},"content":{"rendered":"

Dogecoin traders are showing a lot of interest in futures contracts, even though the coin\u2019s price has dipped a bit. That split between price moves and betting activity is drawing attention.<\/p>\n

Futures Interest Climbs Despite Pullback<\/h2>\n

According to on\u2011chain data provider Glassnode, open interest in Dogecoin<\/a> futures jumped from almost $990\u202fmillion to $1.62\u202fbillion this week. That rise came after the price slid back from near $0.25 into the $0.22\u2013$0.23 zone.<\/p>\n

It\u2019s a sign that traders are still placing big bets, even as momentum cools. Back in mid\u2011February, open interest fell below $900\u202fmillion by April, as Dogecoin<\/a> headed down from its brief rally above $0.23. This week\u2019s surge breaks that past trend.<\/p>\n

\n

Despite $DOGE<\/a> pulling back from its recent high, Futures Open Interest continues to rise, up +63.9% over the past week ($989M \u2192 $1.62B). This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring: https:\/\/t.co\/N343pGpptL<\/a> pic.twitter.com\/icOVcqDffA<\/a><\/p>\n

\u2014 glassnode (@glassnode) May 13, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Price Rally And Minor Setback<\/h2>\n

Based on reports, Dogecoin climbed from roughly $0.16 on May 6 to just over $0.24 by May 11. That\u2019s a sharp gain<\/a> in just a few days. Then the price eased back into the $0.22\u2013$0.23 range. Traders saw higher highs and higher lows overall. They\u2019ve held onto the belief that the upward trend is still intact.<\/p>\n

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\nBullish Funding Rate Signals<\/p>\n

Funding rates have stayed in positive territory, which shows futures traders are mostly long. Data from Coinglass on May 13, 2025, puts rates at 0.0100% on BitMEX, HTX, Gate.io and Bitget. Binance and OKX are a bit lower, at 0.0036% and 0.0034%. Those numbers mean long holders pay short sellers a small fee. That setup can boost a rally. But if the price drops, it can turn costly for those same traders.<\/p>\n

\"\"
\nSupport Level Under Watch<\/p>\n

Market analyst Rekt Capital pointed out that Dogecoin closed above its old pre\u2011halving resistance on the weekly chart. That level now sits near $0.22 and is acting as support. If DOGE holds that spot, the coin might head toward at least $0.27 next. A failure to stay above $0.22 could shake out some of the most stretched positions.<\/p>\n

Overall, the mix of rising futures activity and a soft pullback makes for a tense scene. On one hand, there\u2019s still a strong bullish bias. On the other, too much one\u2011sided positioning can invite a shakeout.<\/p>\n

Traders will be watching weekly closes around $0.22 to see if support holds. If it does, a run at $0.27 could happen. If it doesn\u2019t, shorts may gain the upper hand and push prices lower. Either way, volatility is likely to stay high as Dogecoin\u2019s roller\u2011coaster ride continues.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin traders are showing a lot of interest in futures contracts, even though the coin\u2019s price has dipped a bit. That split between price moves and betting activity is drawing attention. Futures Interest Climbs Despite Pullback According to on\u2011chain data provider Glassnode, open interest in Dogecoin futures jumped from almost $990\u202fmillion to $1.62\u202fbillion this week.…<\/p>\n","protected":false},"author":1,"featured_media":4411,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[378],"tags":[23,36,24,141,140,67,354],"class_list":["post-4410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-altcoins","tag-bitcoin","tag-crypto","tag-doge","tag-dogecoin","tag-meme-coins","tag-open-interest"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/4410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=4410"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/4410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/4411"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=4410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=4410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=4410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}