Martinez had said on Saturday that Dogecoin whales appear to be positioning for upside, with large holders accumulating more than 430 million DOGE.
Meanwhile, the Tom DeMark Sequential flashed a buy signal on Dogecoin’s monthly chart, suggesting a potential trend reversal.
DOGE Speculation Returns To 2025 Levels
Derivatives data adds another layer to the potential volatility setup.
Dogecoin futures open interest has climbed to nearly $1.19 billion, while speculative positioning measured in DOGE terms is approaching levels last seen in October 2025. At that time, the meme coin traded at roughly three times its current price.
CoinGlass data shows Binance’s account-based long/short ratio at around 3.00, implying roughly three accounts are positioned long for every account positioned short.
That imbalance could amplify an upside move if DOGE breaks higher, but it also creates liquidation risk.
Dogecoin slipped to 11th place in the cryptocurrency rankings from eighth earlier, as its price plunged 70% over the past year.
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