Dogecoin zooms 10%, breaking away from bitcoin as open interest hits a yearly peak
Dogecoin surged 10% to $0.105, decoupling from Bitcoin as futures open interest hit a yearly high of 15.36 billion tokens. The spike signals fresh leverage entering markets rather than liquidations. Catalysts include large holder accumulation, institutional products, and speculation around Elon Musk's X payments ecosystem. Rising spot prices alongside elevated derivatives positioning suggests strong bullish conviction but increases liquidation risk if momentum reverses.
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