A Dogecoin whale has transferred 200 million DOGE to Robinhood, sparking concerns of a potential sell-off. Despite this, Dogecoin's price has continued to climb, with Futures open interest flashing bullish signs.

一隻狗狗幣鯨魚已將 2 億狗狗幣轉移給 Robinhood，引發了人們對潛在拋售的擔憂。儘管如此，狗狗幣的價格仍在持續攀升，期貨未平倉合約閃爍著看漲跡象。

The crypto market has exhibited signs of a strong recovery lately, with Dogecoin (DOGE) riding the wave of bullish sentiments. Over the past week, DOGE's price has hiked by 6.8%. In fact, its appreciation of 4.4% in the last 24 hours has pushed the memecoin's price to $0.156 on the charts.

加密貨幣市場最近表現出強勁復甦的跡象，狗狗幣（DOGE）乘著看漲情緒的浪潮。過去一周，DOGE 的價格上漲了 6.8%。事實上，過去 24 小時內 4.4% 的升值已將 memecoin 的價格推至圖表上的 0.156 美元。

This resurgence has brought optimism to investors and traders who have been closely monitoring the crypto-asset for signs of sustained growth. However, a recent development involving a Dogecoin whale has sparked discussions within the community about the potential impact on the ongoing price rally.

這種復甦給一直密切關注加密資產持續成長跡象的投資者和交易者帶來了樂觀情緒。然而，最近涉及狗狗幣鯨魚的事態發展引發了社區內關於其對持續價格上漲的潛在影響的討論。

According to data from Whale Alert, a whale transferred 200 million DOGE, worth around $30.86 million, to the trading platform Robinhood. This move is notable as it suggests the whale might be preparing to sell a huge portion of its holdings. This could potentially introduce selling pressure and affect DOGE's upward trajectory on the price charts.

根據Whale Alert的數據，一頭鯨魚向交易平台Robinhood轉移了2億枚DOGE，價值約3,086萬美元。此舉值得注意，因為它表明鯨魚可能正準備出售其所持有股份的很大一部分。這可能會帶來拋售壓力並影響 DOGE 在價格圖表上的上漲軌跡。

Market dynamics and technical indicators

市場動態及技術指標

The transfer of 200 million DOGE to Robinhood has raised concerns about a possible shift in market dynamics. Such large transfers are often viewed as precursors to selling activities, which can lead to increased supply on the market. It can also potentially stop the prevailing price rally.

將 2 億 DOGE 轉移給 Robinhood 引發了人們對市場動態可能改變的擔憂。如此大規模的轉移通常被視為銷售活動的前兆，這可能導致市場供應增加。它還可能阻止當前的價格上漲。

Here, it is worth questioning if this will affect the broader sentiment and whether it will lead to a reversal of Dogecoin's recent gains.

在這裡，值得質疑的是，這是否會影響更廣泛的情緒，以及是否會導致狗狗幣近期漲幅的逆轉。

Meanwhile, in the derivatives market, there has been a noticeable hike in activity, with Dogecoin Futures open interest climbing by 8.44% to hit a figure of $886.38 million.

同時，衍生性商品市場的活動大幅增加，狗狗幣期貨未平倉合約上漲 8.44%，達到 8.8638 億美元。

Source: Coinglass

來源：Coinglass

The aforementioned figures indicate renewed interest from traders, particularly in the Futures market.

上述數據顯示交易者重新燃起了興趣，特別是在期貨市場。

However, the dominance of short sellers, who have faced liquidations totaling $2.27 million according to Coinglass, suggests that a short squeeze could propel DOGE's value even higher. This, unless the anticipated selling pressure from the whale's transfer counteracts this trend.

然而，根據 Coinglass 的數據，賣空者佔據主導地位，他們面臨著總計 227 萬美元的清算，這表明空頭擠壓可能會推高 DOGE 的價值。除非鯨魚轉移帶來的預期拋售壓力抵消了這一趨勢。

Source: Coinglass

來源：Coinglass

Technical outlook and future predictions

技術展望與未來預測

From a technical perspective, Dogecoin seemed to be showing signs of attempting to break its daily downtrend, at press time. The 4-hour chart revealed that DOGE recently entered an order block, which has contributed to its ongoing upward movement.

從技術角度來看，截至發稿時，狗狗幣似乎顯示出試圖打破每日下跌趨勢的跡象。 4小時圖顯示，DOGE最近進入了訂單區，這有助於其持續上漲。

Despite this positive trend, however, AMBCrypto's analysis suggested that we can still anticipate a slight retracement for DOGE to $0.13 should the asset complete its break of structure to the upside on the 4-hour chart. This expected pullback would allow the asset to gather more liquidity at lower levels before potentially resuming its climb.

然而，儘管存在這種積極的趨勢，AMBCrypto 的分析表明，如果 DOGE 在 4 小時圖表上完成其上行結構的突破，我們仍然可以預期 DOGE 將小幅回撤至 0.13 美元。這種預期的回調將使該資產在可能恢復攀升之前在較低水平上收集更多流動性。

Source: DOGE/USDT, TradingView

資料來源：DOGE/USDT、TradingView

Meanwhile, a recent report from AMBCrypto also revealed that a majority of DOGE holders are currently in profit. With short liquidations significantly surpassing long liquidations, prices are anticipated to rise further, potentially eliminating these liquidations.

同時，AMBCrypto 最近的一份報告也顯示，大多數 DOGE 持有者目前都處於獲利狀態。由於空頭清算大大超過多頭清算，預計價格將進一步上漲，從而有可能消除這些清算。

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