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The total amount of DOGE that has not been closed across the network has risen to 16.24 billion, setting a new historical high, with a monthly increase of 48%.
BlockBeats news, on July 18, according to Coinglass data, the total open interest for standard contracts and Perptual Futures worldwide has surged to a record level of 16.24 billion DOGE (approximately 4 billion USD at current prices), with a month-on-month increase of 48%, surpassing the historical peak of 14.31 billion in January this year. Coindesk analyst Omkar Godbole stated that the number of open contracts reflects the scale of active contracts at a specific time, and its simultaneous rise with prices is often seen as a confirmation signal for trends. Currently, the funding rate for DOGE Perptual Futures remains positive, indicating strong demand for leveraged go long positions—this type of demand often exacerbates price Fluctuation.