Whales Fuel Dogecoin Activity

鯨魚為狗狗幣活動提供燃料

Dogecoin (DOGE) has witnessed a surge in whale activity over the past few days. As per IntoTheBlock's data, from July 9th to 11th, the Dogecoin whale community engaged in significant transactions. Notably, on July 9th, whales recorded a net flow of -37.05 million, indicating substantial selling.

過去幾天，狗狗幣（DOGE）見證了鯨魚活動的激增。根據IntoTheBlock的數據，7月9日至11日，狗狗幣鯨魚社群發生了重大交易。值得注意的是，7月9日，鯨魚錄得淨流量-3705萬，顯示大量拋售。

Shift Towards Buying

轉向購買

The initial bearish sentiment shifted dramatically by July 11th. The market flow turned positive, reaching 364.38 million tokens, an impressive 868% increase. This surge suggests that whales were actively buying.

到 7 月 11 日，最初的看跌情緒發生了巨大轉變。市場流量轉正，達 3,6438 萬枚，增幅高達 868%。這種激增表明鯨魚正在積極購買。

Influence on Price Movement

對價格變動的影響

Typically, whale purchases trigger price increases due to their confidence in future value gains. However, Dogecoin's price has not yet reflected this increase.

通常，鯨魚的購買會因對未來價值收益的信心而引發價格上漲。然而，狗狗幣的價格尚未反映出這一增長。

Other Indicators

其他指標

At the time of writing, DOGE trades at around $0.1077, marking a 0.30% decline in the past 24 hours but a 3.60% gain over the past week. Open interest, a measure of open futures contracts, has fallen to $2.51 billion, which generally indicates a positive trend.

截至本文撰寫時，DOGE 交易價格約為 0.1077 美元，過去 24 小時內下跌 0.30%，但過去一周上漲 3.60%。未平倉合約（衡量未平倉期貨合約的指標）已降至 25.1 億美元，總體上顯示了積極的趨勢。

Potential Price Movement

潛在的價格變動

An analysis of Dogecoin's liquidation heatmap reveals high liquidity around $0.11. This suggests that there is potential for a price increase from current levels. However, a decline fueled by selling pressure could result in a drop to the liquidation zone at $0.098, providing an opportunity for bears to liquidate long positions.

狗狗幣清算熱圖的分析顯示，流動性很高，約 0.11 美元。這表明價格有可能較目前水準上漲。然而，拋售壓力推動的下跌可能會導致價格跌至 0.098 美元的清算區域，為空頭提供清算多頭頭寸的機會。