Dogecoin futures OI at record highs: Are long liquidations tipping the scales?

Quick Summary:

Dogecoin futures hit an all-time high in open interest at $4 billion, highlighting a surge in speculative activity.

While the Dogecoin open interest has surged, the past few days have seen more liquidation of long positions than shorts.

Open interest surges often indicate growing speculative interest, but they also increase market fragility, particularly if accompanied by over-leveraged positions.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Trading View Dogecoin Social News News 1 Ambcrypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 14:00:20 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 681 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23890030

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 27 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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