Prices Have Stopped, Risk Has Increased: DOGE and XRP Investors May Be in Danger! - Koin Bulletin

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The sharp rise in the futures positions of Dogecoin (DOGE) and XRP over the past week indicates that investors' risk appetite has increased and speculative movements are dominating the market.

While price movements in the crypto market are stagnant in the short term, interest in futures trading is rapidly increasing. According to data from on-chain analysis firm Glassnode, open positions in DOGE futures rose by 63.9% in just one week, reaching $1.62 billion from $989 million. Similarly, XRP futures positions also saw a significant increase of 41.6%, rising from $2.42 billion to $3.42 billion during the same period.

Although the DOGE price drew attention with an increase of about 40% in recent weeks, it has retreated from the $0.30 level in recent days. XRP, on the other hand, showed a more limited price increase during the same period, rising from $2.14 to $2.60. The increase in positions in futures trading occurs independently of price movements, indicating that investors expect the market to be more volatile and aggressive.

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The increase in open positions in the futures market, disconnected from price momentum, indicates that investors are taking significant risks with leveraged trades. Historically, high leveraged trades that do not move in parallel with prices can lead to large liquidations and sudden price drops when market sentiment reverses. Indeed, recent sudden liquidation events are an example of this.

Experts closely monitoring the market are calling on investors to be cautious and to manage speculative risks effectively. In this process, the relationship between the price movements of DOGE and XRP and the futures market needs to be monitored carefully.

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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