Liquidation data indicates that long positions in the cryptocurrency market experienced significant losses, while short liquidations remained minimal.

清算數據表明，加密貨幣市場的多頭部位遭受重大損失，而空頭清算仍然很少。

Dogecoin's network activity is outpacing its price movement, suggesting a potential buying opportunity.

狗狗幣的網路活動超過了其價格變動，這表明存在潛在的買入機會。

Traders holding long positions in Dogecoin faced liquidations exceeding $5 million between June 3rd and 4th. Conversely, short liquidations remained below $60,000. In the context of derivatives trading, longs are positions predicting price increases, while shorts anticipate price decreases.

6 月 3 日至 4 日期間，持有狗狗幣多頭部位的交易者面臨超過 500 萬美元的清算。相反，空頭清算額仍低於 60,000 美元。在衍生性商品交易中，多頭是預測價格上漲的頭寸，而空頭則是預測價格下跌的部位。

Liquidations occur when an exchange involuntarily closes a trader's position due to market volatility, insufficient margin, or excessive leverage.

當交易所因市場波動、保證金不足或槓桿過高而非自願平倉交易者的部位時，就會發生清算。

In Dogecoin's case, liquidations were triggered by recent price volatility. At the time of writing, DOGE is trading at $0.10, representing a 7.28% decline over the past 24 hours. However, this decline mirrors the broader market trend.

就狗狗幣而言，清算是由最近的價格波動引發的。截至撰寫本文時，DOGE 的交易價格為 0.10 美元，在過去 24 小時內下跌了 7.28%。然而，這種下跌反映了更廣泛的市場趨勢。

A liquidation heatmap identifies price levels where significant liquidations may occur. Analyzing data from Hyblock, we observe a concentration of liquidity around $0.12. If buying pressure intensifies, Dogecoin's price could move towards this level.

清算熱圖確定了可能發生重大清算的價格水準。透過分析 Hyblock 的數據，我們觀察到流動性集中在 0.12 美元左右。如果購買壓力加劇，狗狗幣的價格可能會升至這一水平。

Despite the price decline, a positive price-DAA divergence suggests a potential buying opportunity for Dogecoin. DAA measures the number of daily active addresses on the blockchain. A divergence occurs when the price increase outpaces the increase in DAA, typically indicating a sell signal. However, the current price-DAA ratio of -58.32% suggests a trend reversal and an increase in network activity.

儘管價格下跌，但價格與 DAA 的正背離表明狗狗幣存在潛在的買入機會。 DAA 衡量區塊鏈上每日活躍地址的數量。當價格漲幅超過 DAA 漲幅時，就會出現背離，通常表示賣出訊號。然而，目前的價格-DAA 比率為-58.32%，顯示趨勢逆轉和網路活動增加。

While the price may stabilize around $0.10, market participants may accumulate Dogecoin in anticipation of a potential rally towards $0.12.

雖然價格可能穩定在 0.10 美元左右，但市場參與者可能會囤積狗狗幣，以期價格可能會上漲至 0.12 美元。