Analysis Company Warns About XRP And DOGE - "Speculative Positions..."

While speculative positions in XRP and Dogecoin futures are rapidly increasing in the crypto market, the loss of momentum in spot prices is noteworthy. This situation indicates that investors have begun to use more leverage to counteract the rising volatility and bearish risks. According to data shared by the blockchain analysis company Glassnode, the open interest of DOGE futures has increased by 63.9% over the past week, from $989 million to $1.62 billion. During the same period, the price of DOGE rose by approximately 40%, surpassing $0.23. “This divergence indicates that speculative positioning continues despite the weakening price momentum. This situation needs to be monitored closely,” Glassnode said in a statement on social media platform X. A similar trend has also been observed in the XRP front. Open interest in XRP futures increased by 41.6% in a week, from $2.42 billion to $3.42 billion. However, the price increase of XRP is more limited compared to DOGE, rising from $2.14 to $2.6. Glassnode’s data also shows a notable shift in the Bitcoin spot market. The 7-day moving average of Bitcoin’s spot trading volume has increased, reaching $5 billion as of yesterday. This increase reflects a “net buying” demand that has only appeared a few times this year. Analysts say this indicates that the psychological threshold of $100,000 is supported by actual spot buying activity.