Dogecoin's Derivatives Trading Dwindles Amid Price Decline

狗狗幣的衍生性商品交易因價格下跌而減少

Dogecoin's (DOGE) persistent price decline has negatively impacted its derivatives market. As of writing, the meme coin's total open interest has plummeted to $2.51 billion, its lowest level since the beginning of the year.

狗狗幣（DOGE）的持續價格下跌對其衍生性商品市場產生了負面影響。截至撰寫本文時，Meme 幣的未平倉合約總額已驟降至 25.1 億美元，為今年年初以來的最低水準。

Open Interest Decreases

持倉量減少

Open interest represents the number of outstanding contracts (options or futures) that have not been settled. A decrease in open interest indicates that existing contracts are being closed without new ones being created, suggesting a decline in market activity.

未平倉合約代表尚未結算的未平倉合約（選擇權或期貨）數量。未平倉合約的減少表明現有合約正在被平倉，而沒有創建新合約，這表明市場活動下降。

Value Decline Impacts Derivatives

價值下跌影響衍生性商品

The downturn in Dogecoin's open interest can be attributed to its steady value decline. The ninth-ranked cryptocurrency currently trades at $0.10, a 30% drop in the past month.

狗狗幣未平倉合約的下降可歸因於其價值的穩定下降。排名第九的加密貨幣目前交易價格為 0.10 美元，較過去一個月下跌 30%。

Short Positions Increase

空頭部位增加

The negative funding rate (-0.026%) on July 6 indicated that more traders were holding short positions, expecting the asset's price to fall.

7 月 6 日的負資金利率（-0.026%）顯示更多交易者持有空頭頭寸，預計資產價格下跌。

CMF Indicator Suggests Buying Pressure

CMF 指標顯示買入壓力

Despite the value decline, DOGE's Chaikin Money Flow (CMF) has remained positive (0.03). This indicator measures money flow and a bullish divergence between price and money flow suggests that there is significant buying volume at lower prices.

儘管價值下降，DOGE 的 Chaikin 資金流量 (CMF) 仍保持正值 (0.03)。該指標衡量資金流向，價格與資金流向之間的看漲背離表明，較低價格存在大量買盤。

Price Prediction

價格預測

If buying momentum continues, DOGE may rebound to $0.11. However, if selling pressure intensifies, the price could fall to $0.08.

如果購買勢頭持續下去，DOGE 可能會反彈至 0.11 美元。然而，如果拋售壓力加劇，價格可能會跌至 0.08 美元。

Disclaimer: This article has been rewritten to improve readability and remove promotional content. Any references to have been preserved.

免責聲明：本文已重寫，以提高可讀性並刪除促銷內容。任何引用均已保留。