Binance Futures Show Dogecoin Traders Are Heavily Long—Too Bullish To Fail?
A fresh snapshot of Binance’s futures market data shows Dogecoin attracting a remarkably bullish stance among traders. According to a chart shared by Ali Martinez (@ali_charts) on X, 72.13% of Binance users with open Dogecoin positions are currently long, leaving only 27.87% on the short side. “72.13% of traders on Binance with open Dogecoin DOGE positions are currently long!” Martinez wrote, underscoring just how skewed sentiment is toward an upward price move. What Does This Mean For Dogecoin Price? What does such a strong majority of longs actually mean for Dogecoin’s outlook? In many....
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