The open positions of Dogecoin futures reached a peak in July as prices surged.

According to the latest data from CoinGlass, the open interest (OI) of Dogecoin (DOGE) has surged to approximately $647.19 million, reaching its highest level since July. In the past four days, OI has increased by 19%. Currently, DOGE's trading price is around $0.133, with a weekly increase of up to 18.82%. However, analyst Magnate reminds investors to be cautious of potential risks. If the price falls to the level seven days ago, around $0.1194, it may trigger liquidation of long positions.