12,000,000,000 Dogecoin In 24 Hours, Big Shift Incoming?
2025-07-05 13:11:06
Main Idea
Despite a recent price decline, Dogecoin (DOGE) has seen significant open interest in futures markets, with 12.3 billion DOGE committed in 24 hours, suggesting investor optimism for a potential breakout.
Key Points
1. Dogecoin's price declined by 1.37% to $0.1645, but open interest in futures markets surged with 12.3 billion DOGE committed in 24 hours.
2. Gate.io holds the highest open interest at 29.77%, accounting for 3.58 billion DOGE worth $588.36 million.
3. Other major exchanges like Binance, Bybit, and Bitget also show significant commitments of $400.69 million, $279.59 million, and $204.02 million, respectively.
4. Analyst Ali Martinez predicts a potential 50% jump in Dogecoin's value if it stabilizes above $0.16.
5. The high open interest suggests strong investor confidence despite market volatility and Bitcoin's dominance.
Description
Dogecoin open interest teases possible price breakout, with $1.96 billion locked in
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