More than three-quarters of Dogecoin futures traders are betting on a price rise, pushing the long to short ratio to 3.3:1. Currently, DOGE is trading around $0.0700 as the market leans heavily bullish this week.
This dominance of long positions could signal growing confidence or a potential squeeze if sentiment shifts suddenly. Dogecoin’s derivatives market reflects strong optimism, but the high ratio also suggests vulnerability to sharp corrections if traders start closing longs.
