Dogecoin Sees Spike In Bullish Long Bets Despite A 7% Weekly Drop: What’s Next?
Posted On May 6, 2025
Dogecoin (CRYPTO: DOGE) may be in a corrective phase, but that hasn’t deterred derivatives traders from amping up bullish bets on the meme coin.
What happened: More than 72% of all Binance traders with open DOGE positions were long as of this writing, according to Coinglass, suggesting hopes of a short-term price spike.
The percentage of traders bullish on Dogecoin has steadily increased from 68.2% to the current value over the last three days. Interestingly, DOGE’s price retreated nearly 9% during this period.
Furthermore, …
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