According to CoinMeta, the open interest in DOGE futures reaches $1.21 billion, with speculative positions approaching the level of October 2025. The current price of Dogecoin has dropped to around $0.07, a decrease of nearly 70% over the past year. On major exchanges such as Binance and OKX, the number of long positions is significantly higher than that of short positions. If the price continues to fall, these positions may face the risk of forced liquidation, which could lead to additional selling pressure.