According to glassnode, Dogecoin (DOGE) futures open interest has surged by 63.9% in the past week, climbing from $989 million to $1.62 billion, even as DOGE's price retreats from recent highs (source: glassnode, May 13, 2025). This decoupling between rising open interest and declining price signals increased speculative activity and potential volatility ahead. Traders should closely monitor this unusual divergence as it may lead to sharp price movements or liquidation events in the short term, which could impact broader crypto market sentiment.