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Dogecoin Futures Open Interest Soar 63.9% to $1.62B Even After Price Drop

  • Dogecoin futures Open Interest surged by 63.9% to $1.62 billion despite a recent price drop.
  • The increase in Open Interest suggests rising speculative interest and weakening momentum in the current trend.
  • The decoupling between price action and futures activity indicates active trading and potential future price movements.
  • Despite Dogecoin's price cooling down, Open Interest in futures contracts has risen significantly, showcasing strong speculation and engagement in the market.

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