Dogecoin is still gaining traction among retail investors despite not rallying as hard as some other altcoins in the crypto market. These retail investors have been placing large buy orders on the open market which has managed to drown out the sell pressure of the last few days.

儘管狗狗幣的反彈力道不如加密市場上的其他一些山寨幣，但它仍然受到散戶投資者的青睞。這些散戶投資者一直在公開市場上發出大量買單，這成功地掩蓋了過去幾天的拋售壓力。

Dogecoin Buy Orders Outpace Sell Orders

狗狗幣買單超過賣單

In an interesting twist of events, Dogecoin buyers are becoming the dominant players in the meme coin. This turn in dominance is proven by the order book data across top exchanges which show a very large buy wall compared to that of sellers.

有趣的是，狗狗幣買家正在成為迷因幣的主導者。頂級交易所的訂單簿數據證明了這種主導地位的轉變，這些數據顯示與賣家相比，購買牆非常大。

IntoTheBlock shows on its Exchange-Onchain Market Depth page that the Dogecoin bidders are way more than the askers. The figures for this are currently sellers with orders amounting to 318.8 million DOGE at an average asking price of $0.095544.

IntoTheBlock 在其 Exchange-Onchain 市場深度頁面上顯示，狗狗幣的競標者遠多於詢問者。目前賣家的訂單量為 3.188 億 DOGE，平均要價為 0.095544 美元。

In contrast, the buy orders surmount the sellers with 444.28 million DOGE in open buy orders at an average price of $09.95508. This means there is demand for Dogecoin up to the tune of 125.48 million DOGE in the open market currently.

相比之下，買單數量超過了賣家，未平倉買單數量為 4.4428 億 DOGE，平均價格為 09.95508 美元。這意味著目前公開市場上對狗狗幣的需求高達 1.2548 億 DOGE。

This is a significant increase from the previous day’s figures where buyers outpaced sellers by just 61 million DOGE. This goes to show that demand for Dogecoin is still very high and a single catalyst could set it off towards new 2023 highs.

這比前一天的數字顯著增加，前一天買家多於賣家僅 6,100 萬 DOGE。這表明對狗狗幣的需求仍然非常高，只需一個催化劑就可以將其推向 2023 年新高。

DOGE Whales Coming Out To Play

DOGE鯨魚出來玩耍

Retail investors are not the only ones looking to take advantage of a potential price recovery for Dogecoin. IntoTheBlock’s large transaction data also points to large DOGE whales starting to rouse from their slumber and joining the party.

散戶並不是唯一希望利用狗狗幣潛在價格回升的投資者。 IntoTheBlock 的大量交易數據也表明，大型 DOGE 鯨魚開始從沉睡中醒來，加入了這個隊伍。

Between Sunday, December 10, and Monday, December 11, there was an uptick in the number of large transactions being carried out on the network. These large transactions are those carrying at least $100,000 and above. In this timeframe, the total number of large transactions sent was from 1,460 to 1,780, translating to a 20% increase in large transactions. This increase in large transactions saw the large transaction volume go from $1.35 billion to $1.62 billion.

從 12 月 10 日星期日到 12 月 11 日星期一，網路上進行的大額交易數量有所增加。這些大額交易是指金額至少為 100,000 美元及以上的交易。在此時間範圍內，發送的大筆交易總數從 1,460 筆增加到 1,780 筆，這意味著大筆交易增加了 20%。大額交易的增加導致大額交易額從 13.5 億美元增加到 16.2 億美元。

This rise in retail buy bids in addition to the rising volume of large transactions paints a very bullish picture for the Dogecoin price. If historical performance holders, then DOGE could be seeing a delayed rally which could see its price finally cross $0.15.

除了大宗交易量的增加之外，零售買盤的上漲也為狗狗幣的價格描繪了一幅非常樂觀的景象。如果歷史表現保持不變，那麼 DOGE 可能會看到延遲的反彈，其價格可能最終會突破 0.15 美元。

For now, the meme coin is still facing hefty resistance at $0.1 where there have been large sell-offs and multiple rejections. However, if DOGE is able to surmount this level and turn it into support, the bulls will regain total control.

目前，meme 幣仍面臨 0.1 美元的巨大阻力，此前曾出現大規模拋售和多次拒絕。然而，如果DOGE能夠突破這一水平並將其轉化為支撐，多頭將重新獲得完全控制權。