Shift in Dogecoin Market Dynamics: Whales Reduce Holdings

狗狗幣市場動態的轉變：鯨魚減少持有量

On-chain data from IntoTheBlock reveals a notable shift in holder behavior in the Dogecoin (DOGE) market. Over the past year, the largest Dogecoin whales have been gradually reducing their holdings.

來自 IntoTheBlock 的鏈上數據揭示了狗狗幣 (DOGE) 市場持有者行為的顯著轉變。在過去的一年裡，最大的狗狗幣鯨魚一直在逐漸減少其持有量。

The data shows that the percentage of the total DOGE supply held by whale addresses with holdings of over 0.1% each has declined from 45.3% to 41.3%. This suggests that some of the largest holders of DOGE are lightening their positions, potentially altering the market dynamics.

數據顯示，持倉量超過0.1%的鯨魚地址佔DOGE總供應量的比例從45.3%下降至41.3%。這表明一些最大的 DOGE 持有者正在減倉，這可能會改變市場動態。

In contrast, retail and mid-sized investors have increased their share of the total DOGE supply. As whale holdings diminish, these smaller investors now command a larger portion of the total supply.

相比之下，散戶和中型投資者在 DOGE 總供應量中所佔的份額有所增加。隨著鯨魚持有量的減少，這些較小的投資者現在控制著總供應量的更大一部分。

Price Action and Market Sentiment

價格走勢與市場情緒

At the time of writing, Dogecoin was posting a rebound, up 3.14% in the last 24 hours to $0.123. However, the price had dropped to lows of $0.113 yesterday in a two-day decline.

截至撰寫本文時，狗狗幣正在反彈，在過去 24 小時內上漲 3.14%，至 0.123 美元。然而，昨天價格在連續兩天下跌中跌至 0.113 美元的低點。

Crowd sentiment for DOGE has plummeted following the price decline, according to Santiment, creating an opportunity for patient traders.

Santiment 表示，隨著價格下跌，大眾對 DOGE 的情緒大幅下降，這為耐心的交易者創造了機會。

On-Chain Support and Resistance Levels

鏈上支撐位和阻力位

At its current trading level, DOGE is positioned above a significant on-chain support level. According to IntoTheBlock, 41.78 billion DOGE were acquired at an average price of $0.103, indicating a high demand zone that might be crucial if the market continues to weaken.

在目前的交易水準上，DOGE 的位置高於重要的鏈上支撐位。根據 IntoTheBlock 的數據，417.8 億枚 DOGE 的平均價格為 0.103 美元，這表明如果市場繼續疲軟，高需求區域可能至關重要。

On the upside, DOGE may encounter resistance near $0.137, where 10.9 billion DOGE are now held at a loss.

從好的方面來看，DOGE 可能會在 0.137 美元附近遇到阻力，目前 109 億 DOGE 處於虧損狀態。