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To the Moon? Dogecoin Futures Open Interest Hits All-Time High—But Traders Are Hedging

Decrypt LogoDecrypt2d ago

To the Moon? Dogecoin Futures Open Interest Hits All-Time High—But Traders Are Hedging - Decrypt

Quick Summary:

Open interest on Dogecoin neared a record $2.75 billion Monday as DOGE pushed to a three-year price peak.

But many traders are shorting it.

Dogecoin fever is overtaking the cryptosphere after the token’s remarkable rally to three-year highs over the weekend.

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To the Moon? Dogecoin Futures Open Interest Hits All-Time High—But Traders Are Hedging - Decrypt (Picture 1)

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Article Details

Author / Journalist: Sander Lutz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 18:38:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 23524316

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 17 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "To the Moon? Dogecoin Futures Open Interest Hits All-Time High—But Traders Are Hedging" has 463 words across 23 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "To the Moon? Dogecoin Futures Open Interest Hits All-Time High—But Traders Are Hedging" was covered 2 days ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 7 news stories per day.

It's most recent story was published 17 hours ago.

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  • News ID: #23524316
  • URL: https://beamstart.com/news/to-the-moon-dogecoin-futures-17313514311277

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