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

According to ChainCatcher news and CoinDesk reports, despite the slowdown in the rise of spot prices, the open interest (OI) in the futures market for XRP and Dogecoin (DOGE) has significantly risen over the past week, indicating a warming of market speculative sentiment. According to data from on-chain analytics company Glassnode, the open interest in DOGE futures rose from $989 million to $1.62 billion, an increase of 63.9%; the open interest in XRP futures grew by 41.6%. Analysis indicates that a divergence between futures positions and price trends may increase the risk of severe market fluctuations and forced liquidations, and investors should be wary of potential market pullbacks.