- The open interest of Dogecoin has increased to $ 1.3 billion, driven by the short -term speculators in permanent contracts.
- Binance and Bybit Lead Dogy Trading, with strong flows in OKX and Coinbase despite the recent decline in prices.
Dogecoin (Doge) has witnessed a noticeable increase in market activity, with an open interest (OI) to $ 1.3 billion in the past 24 hours. Coinalyze data It indicates that the open interest of Dogecoin increased by 5.24 % during this period, indicating an increase in excitement among merchants. It is clear from the numbers that most of the open interest is in permanent contracts, which means that the short -term speculators have a strong impact on the Dogoin market.
It measures the number of contracts that are still present in the market, showing the amount of capital that is invested in assets. Since the open interest in Doge rises, it seems that more traders are betting on Dogecoin, which enhances his interest in the market.
Permanent contracts, which have no expiration date, allow traders to maintain continuous exposure to price movements without the need to make contracts. This flexibility makes them enjoy popular among speculative merchants.
Binance and Bybit lead Dogecoin open attention and commercial activity
Dogecoin is mainly focused on a few major exchanges, leading Binance and bybit the market. Binance owns $ 581 million of open interest, while BYBIT is $ 410 million. OKX is in third place with $ 244 million. Other stock exchanges, such as Huobi, Bitmex and Kaken, contain smaller stocks of open attention, which indicates that most trading volume is central between the best platforms.
This concentration reflects as most of the Dogoin trading activity occurs. The growth of 5 % in open interest shows that an increasing number of merchants put the stakes actively on the following price movements in Doug, whether ascending or landing. Although open interest data does not reveal whether traders are taking long or short sites, the increasing number of contracts indicates a change in the next price.
Dogecoin trading increases despite the decline in prices
In the last hours, Binance recorded the highest doscoin trading in $ 18.57 million, followed by OKX for $ 10.97 million. Exchanges such as Kraken, Coinbase and Bybit also witnessed a remarkable activity, with sizes range from $ 4.34 million to $ 5.15 million. According to net heatmap flows, most of the new funds that enter Dogecoin flow into OKX ($ 1.33 million) and Coinbase ($ 1.25 million). On the other hand, Binance, Kraken and Bybit showed limited clear flows despite high trading sizes.
At the time of the press, Dogecoin was priced in 0.2221 dollarsOn the occasion of a decrease of 2.39 % over the past 24 hours. The market value amounted to about $ 33.2 billion, with a trading volume of about $ 1.29 billion. Commercial activity and the high open interest proves that Dogecoin is important in the world of encryption, regardless of its last low price.
Dogecoin increases in open attention and large size on large trading platforms that many investors are participating in the market. The dominance of permanent contracts highlights the atmosphere, as people mainly expect small changes in prices
With large new flows in major exchanges such as OKX and Coinbase, Dogecoin is still a common choice among merchants.
