Dogecoin Large Transaction Volume Declines Amidst Market Slump

狗狗幣大額交易量因市場低迷而下降

According to IntoTheBlock data, Dogecoin (DOGE) has witnessed $1.17 billion in large transaction volume within the past 24 hours, amounting to 8.33 billion DOGE. While significant, this figure represents a 7.54% decrease from the previous day, signaling a concerning trend for the cryptocurrency.

根據IntoTheBlock數據，狗狗幣（DOGE）在過去24小時內發生了11.7億美元的大額交易量，總計83.3億DOGE。儘管這一數字很顯著，但較前一天下降了 7.54%，顯示加密貨幣的趨勢令人擔憂。

In the past week, Dogecoin's large transaction volume has experienced a downward trajectory.

過去一周，狗狗幣的大額交易量經歷了下滑的軌跡。

On October 21st, Dogecoin recorded a peak of 12.87 billion DOGE in large transactions. However, this spike was short-lived, with volume declining soon after. The broader decline commenced on October 16th, when the large transaction volume hit its peak at 21.59 billion DOGE, coinciding with Dogecoin's surge to $0.1499.

10月21日，狗狗幣創下了128.7億DOGE的大額交易高峰。然而，這種飆升是短暫的，成交量很快就下降了。更廣泛的下跌始於 10 月 16 日，當時大宗交易量達到 215.9 億 DOGE 的峰值，同時狗狗幣飆升至 0.1499 美元。

Subsequently, Dogecoin's price underwent profit-taking, reaching a low of $0.132 on October 23rd before rebounding. In the past two days, Dogecoin's price has fluctuated within a range of $0.136 to $0.143. At the time of writing, Dogecoin has dropped by 2.15% over the past 24 hours, trading at $0.136.

隨後，狗狗幣價格遭遇獲利了結，10月23日觸及0.132美元低點，隨後反彈。過去兩天，狗狗幣的價格在0.136美元至0.143美元的範圍內波動。截至撰寫本文時，狗狗幣在過去 24 小時內下跌了 2.15%，交易價格為 0.136 美元。

Whale Activity Metrics Show Decline

鯨魚活動指標顯示下降

IntoTheBlock defines large transactions as those exceeding $100,000. The Large Transactions Volume indicator measures the total value of cryptocurrency exchanged in such transactions.

IntoTheBlock 將大額交易定義為超過 100,000 美元的交易。大交易量指標衡量此類交易中交換的加密貨幣的總價值。

Large Transaction Volume provides an estimate of the total volume moved by whales and institutional participants on any given day. Spikes in Large Transaction Volume indicate significant activity among institutional participants, while declines suggest the opposite.

大交易量提供了鯨魚和機構參與者在任何一天移動的總交易量的估計。大額交易量的激增表示機構參與者的活動活躍，而下降則表示相反的情況。

The decline in large transaction volume may indicate a reduction in whale activity amidst a broader downturn in market interest, as evidenced by subdued price movements. Large transactions are often perceived as signals of significant market shifts, typically driven by institutional investors or large holders.

大宗交易量的下降可能表明，在市場興趣更廣泛下滑的情況下，鯨魚活動有所減少，價格走勢低迷就證明了這一點。大型交易通常被視為重大市場變化的信號，通常由機構投資者或大股東推動。