DOGE Futures Activity on Coinbase Spikes 24% as Price Resurges
Main Idea
Dogecoin (DOGE) futures activity on Coinbase surged by 24% as the price of DOGE rebounded, marking a significant increase in open interest and trading volume.
Key Points
1. DOGE futures open interest on Coinbase surged to $14.58 million, the highest daily open interest recorded recently.
2. The increase in DOGE futures activity coincides with a broader market resurgence after a period of downturns.
3. Coinbase registered 70,410,000 DOGE on August 4th, reflecting heightened trading activity.
4. The spike in futures activity suggests growing trader confidence and potential price momentum for DOGE.
Description
Dogecoin open interest on Coinbase hits two-month high
$DOGE
$0.20493
+1.23%
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