{"id":66322,"date":"2025-05-14T14:00:07","date_gmt":"2025-05-14T14:00:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66322"},"modified":"2025-05-14T14:00:07","modified_gmt":"2025-05-14T14:00:07","slug":"price-down-bets-up-dogecoin-open-interest-climbs-to-1-62-billion","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66322","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

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 \u2013 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\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

Bullish 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

Support 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>","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":0,"featured_media":66323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66322"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66322"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66323"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}