Dogecoin Whales Sell-Off Raises Concerns

狗狗幣鯨魚拋售引發擔憂

Dogecoin's value declined by 3% following the offloading of 119.67 million DOGE (worth $11.70 million) by whales.

在鯨魚卸下 1.1967 億個 DOGE（價值 1,170 萬美元）後，狗狗幣的價值下跌了 3%。

Whale on-chain activity dropped significantly, with inflows decreasing from 229.49 million to 27.96 million DOGE per day in September.

鯨魚鏈上活動大幅下降，9 月每天流入量從 2.2949 億 DOGE 減少至 2,796 萬 DOGE。

Dogecoin's futures open interest fell by 3.5%, while its RSI reached 40, indicating downward pressure.

狗狗幣期貨持倉量下降3.5%，RSI達40，顯示下行壓力。

Elon Musk's Tesla Announcement and Subsequent Optimism

伊隆馬斯克的特斯拉公告和隨後的樂觀情緒

Elon Musk's comments regarding the potential acceptance of Dogecoin as payment for Tesla products initially sparked positive sentiment in the cryptocurrency market. However, this optimism was short-lived.

伊隆馬斯克關於可能接受狗狗幣作為特斯拉產品支付方式的評論最初引發了加密貨幣市場的積極情緒。然而，這種樂觀情緒是短暫的。

Whales Cut Back on Holdings: A Shift in Confidence

鯨魚削減持股：信心的轉變

Large investors, known as whales, began reducing their DOGE holdings, raising concerns among market participants. Whale Alert reported a transfer of 119.67 million DOGE to Robinhood, signaling a significant decline in their confidence.

被稱為「鯨魚」的大型投資者開始減持 DOGE，這引發了市場參與者的擔憂。 Whale Alert 報告稱，Robinhood 已轉移 1.1967 億枚 DOGE，這表明他們的信心大幅下降。

IntoTheBlock's analysis also revealed a drop in on-chain activity among whales holding at least 0.1% of Dogecoin's total supply.

IntoTheBlock 的分析還顯示，持有狗狗幣總供應量至少 0.1% 的鯨魚的鏈上活動有所下降。

While outflows have increased by 80.7%, inflows have decreased from 229.49 million DOGE to 27.96 million DOGE per day, indicating that large investors are withdrawing their funds, suggesting a lack of confidence in the asset's short-term prospects.

雖然流出量增加了 80.7%，但流入量從每天 2.2949 億 DOGE 減少到 2,796 萬 DOGE，這表明大型投資者正在撤回資金，表明對該資產的短期前景缺乏信心。

Sluggish Market Performance Despite Musk's Endorsement

儘管有馬斯克的背書，市場表現依然低迷

Despite Musk's recent endorsement, Dogecoin's market performance has remained sluggish. The token's value fell by 3% on the day of the whale sell-off, despite positive overall market trends.

儘管最近有馬斯克的背書，狗狗幣的市場表現仍然低迷。儘管整體市場趨勢積極，但在鯨魚拋售當天，該代幣的價值下跌了 3%。

The decline in futures open interest (OI) by 3.5% further reflects traders' caution and adds to the bearish outlook.

期貨未平倉合約 (OI) 下降 3.5%，進一步反映了交易者的謹慎態度，並加劇了看跌前景。

Market Sentiment and Future Outlook

市場情緒及未來展望

Dogecoin's relative strength index (RSI) of 40 indicates downward pressure. The token's lack of positive response to Tesla's announcement and the dismissal of a Dogecoin manipulation case against Musk suggests continued difficulties ahead.

狗狗幣的相對強弱指數（RSI）為 40，表示有下行壓力。該代幣對特斯拉的聲明缺乏積極回應，並且針對馬斯克的狗狗幣操縱案被駁回，這表明未來仍將面臨困難。

Reduced whale activity, slow price action, and cautious market sentiment all point to potential challenges for Dogecoin in the near future. While market volatility remains high, current patterns suggest a bearish price action for DOGE.

鯨魚活動減少、價格走勢緩慢以及謹慎的市場情緒都表明狗狗幣在不久的將來可能面臨挑戰。儘管市場波動性仍然很高，但目前的模式顯示 DOGE 的價格走勢看跌。