Dogecoin Liquidations Surge Amid Market Downturn

市場低迷期間狗狗幣清算激增

Amid the ongoing market decline, Dogecoin (DOGE) has witnessed a significant increase in liquidations. Data from Coinglass indicates an 98% surge in liquidations to $11.15 million within the past 24 hours, with $10.07 million attributed to long positions and $1.08 million to short positions.

在市場持續下跌的情況下，狗狗幣（DOGE）的清算量大幅增加。 Coinglass 的數據顯示，過去 24 小時內清算量激增 98%，達到 1,115 萬美元，其中多頭部位為 1,007 萬美元，空頭部位為 108 萬美元。

Spike in Dogecoin Liquidations

狗狗幣清算激增

The recent spike in liquidations can be attributed to DOGE's price decline to $0.10, resulting in investors contemplating whether to capitalize on the downturn. The liquidation heatmap highlights a concentration of liquidity around $0.12, suggesting that a price recovery towards that level is possible with increased buying pressure.

最近清算的激增可歸因於 DOGE 的價格跌至 0.10 美元，導致投資者考慮是否要利用這一低迷的機會。清算熱圖突顯流動性集中在 0.12 美元左右，這表明隨著購買壓力的增加，價格有可能回升至該水準。

Divergence in Price and Daily Active Addresses

價格和每日活躍地址的差異

Despite DOGE's price drop, a divergence has emerged between price and Daily Active Addresses (DAA). DAA, which measures the number of unique addresses interacting with the Dogecoin blockchain, has declined by -58.32%. This indicates that network activity is outpacing price growth, potentially implying an undervaluation of DOGE relative to its on-chain activity.

儘管 DOGE 的價格下跌，但價格和每日活躍地址（DAA）之間出現了分歧。 DAA（衡量與狗狗幣區塊鏈互動的唯一地址數量）已下降-58.32%。這表明網路活動超過了價格增長，可能意味著 DOGE 相對於其鏈上活動被低估。

Should Investors Buy the Dip?

投資者應該逢低買入嗎？

Determining whether it is an opportune time to purchase DOGE warrants consideration of several factors. In the immediate term, DOGE may consolidate around $0.10; however, a shift in sentiment could trigger accumulation, potentially pushing the price towards the $0.12 support zone.

確定現在是否是購買 DOGE 的合適時機需要考慮幾個因素。短期內，DOGE 可能會在 0.10 美元左右盤整；然而，情緒的轉變可能會引發吸籌，從而有可能將價格推向 0.12 美元的支撐區域。

For those optimistic about Dogecoin's long-term prospects, this may present a buying opportunity. Despite the recent liquidations, DOGE's 24-hour trading volume has increased by 62% to $1.6 billion, signaling renewed investor interest. Analysts predict that DOGE could reach the $2 mark based on its past performance.

對於那些對狗狗幣長期前景持樂觀態度的人來說，這可能會帶來一個買入機會。儘管最近發生了清算，DOGE 的 24 小時交易量仍增加了 62% 至 16 億美元，顯示投資者興趣重新燃起。根據過去的表現，分析師預測 DOGE 可能會達到 2 美元大關。

However, investors should remain cautious and closely monitor network activity and price movements before making investment decisions.

然而，投資者在做出投資決定之前應保持謹慎並密切關注網路活動和價格走勢。