Dogecoin’s futures traders have swung into full action over the past day, with its open interest soaring past 12% over the period as its price turns bullish. Following the massive surge in the metric, about 10.65 billion DOGE tokens worth about $1.07 billion have been committed to its futures market as of Feb. 14. While the market drawdown had seen Dogecoin lose all its 2026 gains, it has suddenly surged by a massive 7.94% over the last 24 hours, trading at $0.1014 as of writing time. The surge in Dogecoin’s open interest appears to have been fueled by its bullish price move as the broad crypto market suddenly sees a rapid shift in investor sentiment.
The rise in open interest appears linked to the upbeat price action and the broader crypto market’s improving sentiment. This momentum signals renewed risk appetite among traders as DOGE price rebounds.
If the rally sustains, DOGE futures could attract more hedging and speculative activity, reinforcing a bullish tilt in the near term. Ongoing price action in Bitcoin and other majors will likely influence DOGE’s trajectory.
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