SHIB and DOGE Futures See Major Growth in Open Interest as Money Flows In During Bitcoin Lull
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Bitcoin's October price surge has led to increased risk appetite and money flowing into SHIB and DOGE futures.
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Open interest for SHIB futures is up 23% since Nov 1, the highest percentage growth among major cryptocurrencies.
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DOGE futures open interest has increased 14.6% over the same period.
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The price gains for DOGE and SHIB while Bitcoin trades flat signals potential greed and a trend change ahead.
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XRP has seen big spot price gains but little increase in open interest, signaling spot-driven momentum.