投机性赌注正在堆积为XRP和Dogecoin（Doge）期货

这种脱钩表明，即使价格动量逐渐消失，也值得监视的设置，即使价格动量逐渐消失，也表明了持续的投机定位。

Appetite for downside risk and volatility is heating up as speculative bets on XRP and dogecoin (DOGE) futures continue to pile up even as spot prices show signs of losing momentum.

由于对XRP和Dogecoin（Doge）期货的投机性赌注，即使现货价格显示出失去动力的迹象，对下行风险和波动性的胃口正在加热。

In the past week alone, DOGE futures open interest surged 63.9% to $1.62 billion from $989 million, according to on-chain analytics firm Glassnode.

根据链分析公司GlassNode的数据，仅在过去一周中，Doge Futures Open Isport从9.89亿美元飙升了63.9％，至16.2亿美元。

DOGE is up nearly 40% in the past week and trades just over 23 cents on Wednesday.

在过去一周中，Doge上涨了近40％，周三的交易额超过23美分。

“This decoupling suggests persistent speculative positioning, even as price momentum fades — a setup worth monitoring,” Glassnode noted in an X post late Tuesday.

格拉斯诺德（Glass Node）在周二晚些时候在X帖子中指出：“这种脱钩表明，即使价格势头逐渐消失，也是值得监视的设置，也表明了持续的投机定位。”

Despite $DOGE pulling back from its recent high, Futures Open Interest continues to rise, up +63.9% over the past week ($989M → $1.62B).

尽管$ DOGE从最近的高中退缩，但期货开放兴趣仍在继续上升，在过去一周中增长了63.9％（9.89亿美元→1.62B）。

This decoupling suggests persistent speculative positioning, even as price momentum fades - a setup worth monitoring:https://t.co/N343pGpptL pic.twitter.com/icOVcqDffA

这种脱钩表明，即使价格动量逐渐消失，也值得监视的设置：https：//t.co/n343pgpptl pic.twitter.com/icovcqdffa，即使价格动力逐渐消失，也表明了持续的投机定位。

A similar trend is playing out in XRP, where open interest saw an increase of over $1 billion, or a 41.6% rise over the same period.

在XRP中也出现了类似的趋势，开放兴趣增加了10亿美元，或者在同一时期增长了41.6％。

Unlike DOGE, XRP saw relatively lower spot gains, climbing from around $2.14 to $2.6 in the past week.

与Doge不同，XRP的景点相对较低，过去一周的攀升至2.14美元左右。

Both cases highlight a broader uptick in derivatives-fueled speculation, particularly in high-beta assets.

这两种情况都凸显了衍生品燃料猜测的更广泛的增长，特别是在高β资产中。

When open interest rises alongside (or in the absence of) price action, it often reflects traders positioning aggressively for upside.

当开放利息与（或在没有）价格行动的情况下增加时，它通常反映了交易者积极定位的上涨空间。

However, this sets the stage for sharper liquidations if sentiment flips, leading to hundreds of millions wiped out in hours as a liquidation event earlier this week showed.

但是，如果情绪翻转，这为清晰清算的阶段奠定了基础，由于本周早些时候的清算事件显示，数以亿美元在数小时内被淘汰。

Open interest tracks the total value of outstanding futures contracts and is widely used as a proxy for speculative activity. When paired with flat or fading price action, rising OI can signal that leverage is outpacing conviction — a pattern that has preceded flash crashes in the past.

开放兴趣跟踪未偿还期货合约的总价值，并被广泛用作投机活动的代理。当与平坦或褪色的价格动作配对时，上升的OI可以表示杠杆作用超过了信念 - 这种模式过去曾在Flash崩溃之前发生。

Earlier this year, DOGE futures set record highs as some traders speculated on a $1 DOGE in 2025. That narrative has cooled, but the current surge in futures bets indicates that memecoin and XRP exposure remains high-risk, high-reward territory.

今年早些时候，Doge Futures设定了记录最高点，因为一些交易员在2025年推测了1美元的门槛。这种叙述已经冷却了，但是目前的期货押注表明，Memecoin和XRP暴露仍然是高风险，高奖金的领土。