Analysis: The open interest in XRP and DOGE futures has significantly risen, which may indicate an increase in speculative risk.

Odaily News Despite the slowdown in the rise of spot prices, the open interest (OI) in the futures market for XRP and Dogecoin (DOGE) has significantly increased over the past week, indicating a rise in market speculation. According to data from on-chain analytics firm Glassnode, the open interest for DOGE futures rose from $989 million to $1.62 billion, an increase of 63.9%; the open interest for XRP futures increased by 41.6%. Analysts point out that the divergence between futures holdings and price movement may increase the risk of significant market fluctuations and liquidation, and investors should be cautious of potential market pullbacks. (CoinDesk)