Analysis: XRP and DOGE futures open interest has risen over the past week, which may indicate an increase in speculative risk

ChainCatcher news, according to CoinDesk, despite the slowdown in spot price gains, 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 sentiment.

According to data from on-chain analytics firm Glassnode, the open interest in DOGE futures rose from $989 million to $1.62 billion, an increase of 63.9%; while the open interest in XRP futures grew by 41.6%.

Analysis indicates that the divergence between futures positions and price trends may increase the risk of severe market volatility and forced liquidations, and investors should be cautious of potential market corrections.