What The Rise In Open Interest Means For The Dogecoin Price
After the Dogecoin open interest hit new all-time highs again in September, it has seen a big crash, culminating within the open curiosity dropping to ranges not seen since 2024. This was a mirrored image of the decline in market participation from buyers because of the fast drop within the Dogecoin worth. However, the open curiosity appears to have put in a backside, and there was a restoration on this main metric, one thing that might carry constructive implications for the meme coin’s worth.
Dogecoin Open Interest Recovers Above $1.5 Billion
On December 19, the Dogecoin open curiosity fell beneath the $1.3 billion mark, following the decline in participation. But the efficiency up to now means that this could be a possible bottom. The week following this backside noticed a big spike within the open curiosity, because it jumped above the $1.5 billion mark, as shown on Coinglass.
Since then, the Dogecoin worth curiosity has constantly are available above $1.5 billion, suggesting that crypto merchants are transferring again into the meme coin. This is as a result of the open curiosity measures the entire excellent futures or choices contracts for a specific asset, and because the open curiosity rises, it means buyers are opening more positions on Dogecoin.
This carries a constructive implication, going by historic efficiency, as a result of times when the open interest has risen have usually coincided with instances when the value has seen a restoration. An instance is the Dogecoin worth reaching near $0.3 again in September when the open curiosity rose to its present peak of $6.01 billion.
Given this pattern, if the Dogecoin open curiosity continues to rise, then it’s seemingly that the value will observe the identical trajectory. Therefore, the DOGE worth may very well be on the brink of mark a backside, particularly because the crypto market readies to usher in a brand new 12 months.
Volume Refuses To Bugde
While the open curiosity has seen a restoration, the Dogecoin daily trading volume remains low. According to Coinglass information, the each day buying and selling quantity is sitting at one of many lowest factors for the 12 months 2025. This additionally performs into the truth that participation has been muted for the digital asset.
However, this muted quantity isn’t relegated to Dogecoin these days, on condition that all the crypto market has been in a bearish pattern. The Crypto Fear & Greed Index is at present sitting at a score of 24 on the time of this writing. This exhibits that there’s Extreme Fear out there, and it’s a time when liquidity is low, resulting in decrease costs.
