Analysis: XRP and DOGE futures unpositioned squaring contracts climbed in the past week, or indicates increased speculative risk

According to CoinDesk, despite the slowdown in the spot price rally, XRP and Dogecoin (DOGE) futures market unpositioned squaring contracts (OI) have increased significantly in the past week, indicating a rise in market speculation.
According to on-chain analytics firm Glassnode, DOGE futures unpositioned squaring contracts rose 63.9% from $989 million to $1.62 billion, while XRP futures unpositioned squaring contracts rose 41.6%.
The analysis pointed out that the divergence between futures positions and price movements may increase the risk of severe market fluctuations and forced position squaring, and investors need to be vigilant of potential market corrections.