Dogecoin Futures Speculation Surges Despite 70% Price Drop From Peak

Speculative interest in dogecoin has returned to levels last seen in October 2025, when the cryptocurrency traded at roughly three times its current price. Futures positioning has rebuilt significantly even as dogecoin's value remains down approximately 70% from those earlier highs. Bullish bets are heavily outpacing bearish ones, with more than three long positions for every short position in the market. This divergence suggests traders are anticipating a price rebound despite the steep decline in dogecoin's actual market value.