Analysis: Open interest contracts in XRP and DOGE futures have climbed in the past week, which may indicate increased speculative risks
Online reports, according to CoinDesk, although spot price gains have slowed down, open interest contracts (OIs) in the XRP and Dogecoin (DOGE) futures markets have increased significantly in the past week, indicating that market speculation has increased. According to data from on-chain analysis firm Glassnode, open interest contracts in DOGE futures increased from US$989 million to US$1.62 billion, an increase of 63.9%; open interest contracts in XRP futures increased by 41.6%. The analysis pointed out that the deviation between futures positions and price movements may increase the risk of severe market fluctuations and forced liquidations, and investors need to be alert to potential market corrections.
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