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Crypto

Dogecoin open interest surges, raising hopes of short-term rally

Dogecoin open interest has climbed above $629 million, raising the possibility of a short-term shift in direction as derivatives positions grow quickly. While the token remains below $0.10, traders have increased bets, particularly on Binance, where open interest has risen sharply over five days. Analysts caution the buildup does not guarantee a trend reversal and could instead amplify volatility, with price seen stuck in a $0.094 to $0.104 range.

Crypto

Bitcoin spot demand weak despite ETF inflows, CryptoQuant analysis shows

Bitcoin\'s price rise is being driven by the futures market, while real demand in the spot market has yet to recover, an analysis showed. CryptoQuant CEO Ki Young Ju took a cautious view, saying open interest is rising but apparent on-chain demand remains net negative despite continued inflows into U.S. spot bitcoin ETFs and ongoing buying through ETF channels and by Strategy. He said bear markets have historically ended when both spot and futures demand recover.

Crypto

Bitcoin rally breakout momentum fades as U.S. demand and futures indicators weaken

Bitcoin has recently risen but may fail to break back above $80,000 as signals point to slowing U.S. institutional demand, an analysis said. The Coinbase premium index fell even as price approached resistance again, indicating weaker U.S. buying. Futures indicators also softened, with open interest down and funding rates less negative, suggesting reduced short-covering pressure. Traders are watching $79,510 as a key level, with multiple support zones below.