While some bullish bets, driven by Binance futures traders, are fueling optimism surrounding Dogecoin (DOGE), a history of similar trends suggests potential downsides for investors. A recent analysis reveals that over 72% of traders on Binance platform are currently long on DOGE, mirroring a similar pattern observed in March when 76% of futures positions were bullish. This hasn’t translated to higher prices yet, with DOGE currently hovering around $0.154 after facing resistance at the $0.17 level earlier this week. Furthermore, historical data shows that heavy bullish sentiment (e.g., as seen in March and April 2025) often follows a price correction or even plunge for the underlying asset, as witnessed with DOGE’s subsequent downturn to the $0.13 mark after Binance futures traders went long in late March. This trend is not isolated to DOGE; XRP’s price has also shown similar trends following similar bullish behavior on Binance futures platforms. In addition, a large accumulation of DOGE by whales, exceeding 800 million DOGE worth, signifies significant buying activity and could trigger further FOMO among smaller investors. While analysts remain optimistic about Dogecoin’s future, predicting price surges up to 3x, the recent pattern suggests cautious observation before engaging in long positions. The article’s authors suggest that short-term price movements may indicate a potential shift in DOGE’s trajectory between $0.23 and $0.11 over the next few days.