Investors, whose risk appetite increased with the market activity, broke a record in Dogecoin contracts.
Dogecoin (DOGE) gained up to 40% in value on a daily basis as the Bitcoin price exceeded $63 thousand.
According to Coinglass data, open positions in DOGE futures contracts grew by 54% in the past day. To a record value of $1 billion reached.
Market data shows that 70% of investors trading with futures contracts are from DOGE. took a long position and your price expect it to rise is showing.
Relative Strength Index (RSI) for DOGE, according to CryptoQuant data, “overbought” started to enter the region. This will happen in the coming days There may be a trend change it states.