DOGE contract open interest hits a new high with strong demand for long positions.

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On July 18, according to data from the data platform, the total open interest of standard contracts and Perpetual Futures worldwide has surged to a record level of 16.24 billion DOGE (approximately 4 billion USD at current prices), with a monthly increase of 48%, surpassing this year's historical peak of 14.31 billion in January.

Analyst Omkar Godbole stated that the open interest reflects the scale of active contracts at a specific time, and its rise in sync with prices is usually seen as a trend confirmation signal. Currently, the funding rate for DOGE Perptual Futures remains positive, indicating strong demand for leveraged long positions – this type of demand often exacerbates price volatility.

DOGE5.09%
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SorryRugPulledvip
· 07-21 05:58
DOGE bullish traders are so fierce!
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CommunityJanitorvip
· 07-18 22:41
Somewhat outrageous data
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Rugman_Walkingvip
· 07-18 07:37
Long positions are giving away money again.
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UncleLiquidationvip
· 07-18 07:36
Take a gamble and become a wealthy person.
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FUDwatchervip
· 07-18 07:26
Bullish traders are trapped badly.
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SolidityJestervip
· 07-18 07:24
Retail investors have gone crazy.
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