Dogecoin has seen its futures activity pick up notably well in the last 24 hours, with volumes rising across major exchanges and platforms. This surge comes as traders position into the year’s end. Most notably, Dogecoin’s futures volume surged as much as 53,255% in the last 24 hours on the BitMEX crypto exchange, reaching $260.34 million.
The move aligns with year-end positioning as traders seek exposure and hedges in the crypto derivatives space. BitMEX’s outsized move highlights a broader uptick in meme-coins and alt-crypto derivatives as traders position into year-end. The surge underscores growing appetite for Dogecoin exposure amid a choppy crypto market and could signal further activity in the near term. Across other venues, futures activity has also risen, suggesting a wider trend in year-end liquidity and participant risk-on posture.
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