Dogecoin Short Sellers Suffer Heavy Losses as Price Surges

狗狗幣賣空者因價格飆漲而損失慘重

Data from CoinGlass reveals that the past 24 hours have been tumultuous for traders betting against Dogecoin (DOGE). Short positions leveraging derivatives on the popular meme coin suffered significant liquidations, totaling $842,560.

CoinGlass 的數據顯示，過去 24 小時對於做空狗狗幣 (DOGE) 的交易者來說是動盪的。利用流行的 Meme 代幣衍生性商品的空頭部位遭到大量清算，總計 842,560 美元。

In contrast, liquidations of long positions on DOGE amounted to a mere $91,640 during the same period, resulting in a staggering 925% imbalance between bull and bear liquidations.

相比之下，同期 DOGE 多頭部位清算金額僅為 91,640 美元，導致多頭和空頭清算之間出現驚人的 925% 不平衡。

Reasons for the Sharp Reversal

急劇逆轉的原因

The price chart of Dogecoin provides insights into this dramatic shift. From September 2nd to 3rd, the value of the cryptocurrency jumped by over 6%, reclaiming the $0.10 mark at its peak.

狗狗幣的價格圖表提供了對這一巨大轉變的洞察。從 9 月 2 日到 3 日，加密貨幣的價值上漲了 6% 以上，重回 0.10 美元的高峰。

This surge occurred primarily within a three-hour window, with DOGE gaining 3% in two consecutive hours on September 2nd and an additional 1.45% on September 3rd. Consequently, bears, particularly those entering late and anticipating a drop to $0.0942, faced liquidations, further fueling the price increase.

這次飆升主要發生在三個小時內，DOGE 在 9 月 2 日連續兩個小時內上漲了 3%，9 月 3 日又上漲了 1.45%。因此，空頭，特別是那些遲到並預計價格跌至 0.0942 美元的空頭，面臨清算，進一步推動價格上漲。

However, it's noteworthy that the price of Dogecoin has since reversed course and declined by 2.91% in the past hour and a half, trading at $0.098 per coin at the time of writing.

然而，值得注意的是，狗狗幣的價格此後發生了逆轉，在過去一個半小時​​內下跌了 2.91%，截至撰寫本文時，狗狗幣的交易價格為每枚 0.098 美元。

Conclusion

結論

The recent price action in Dogecoin highlights the return of market volatility, bringing an end to a period of relative stability. While the future direction of the market remains uncertain, the recent events demonstrate the potential for significant price swings in the cryptocurrency space.

狗狗幣最近的價格走勢凸顯了市場波動的回歸，結束了相對穩定的時期。儘管市場的未來方向仍不確定，但最近的事件表明加密貨幣領域價格可能出現大幅波動。