TL;DR
Around three-quarters of Binance Futures traders who have opened DOGE positions are expecting price gains in the near future.
The overwhelming imbalance between long and short trades may signal a contrarian risk – when most bet up, the market might surprise with a move in the opposite direction.
Increased Optimism From Traders
Dogecoin (DOGE) witnessed an impressive surge in December last year, with its price exceeding $0.45. Since then, though, it has retreated by approximately 60% and currently trades at around $0.18. Despite the evident downtrend in the past few months, many investors remain bullish on the OG meme coin.
The renowned analyst, going on X as Ali Martinez, revealed that more than 76% of the traders on Binance Futures that have hopped on the Dogecoin bandwagon have opened long positions.
76.65% of traders on Binance Futures are long on #Dogecoin $DOGE! pic.twitter.com/Qpr3pGCwh7
— Ali (@ali_charts) March 28, 2025
Predominant optimism can be interpreted in
We współpracy z: https://cryptopotato.com/what-do-binance-traders-know-about-dogecoin-doge-that-you-dont/
