The Dogecoin open interest has been on a steady climb lately and on the 10-year anniversary of the meme coin, the open interest broke a new 6-month high. Open futures interest rose to $625 million on Wednesday, December 6, showing just how much interest the meme coin has been seeing lately.

狗狗币的未平仓合约最近一直在稳步攀升，在 Meme 币诞生 10 周年之际，未平仓合约突破了 6 个月新高。 12 月 6 日星期三，未平仓期货利息升至 6.25 亿美元，这表明 meme 代币最近受到了多大的关注。

Dogecoin Open Interest At New 6-Month High

狗狗币持仓量创 6 个月新高

Dogecoin’s open interest saw a considerable spike between the months of October and December after the price began a steady climb. This took the open interest from around $240 million in August to as high as $625 million by early December.

在价格开始稳步攀升后，狗狗币的未平仓头寸在 10 月至 12 月期间大幅上涨。这使得未平仓合约从 8 月份的约 2.4 亿美元增至 12 月初的 6.25 亿美元。

As Bitcoinist previously reported, this steady increase in the open interest could signal a price rally is coming. It actually means more investors are betting on the price of the digital asset, and while it could go either way, it is also a testament to many eyes following DOGE’s price performance.

正如 Bitcoinist 之前报道的那样，未平仓合约的稳定增长可能预示着价格上涨即将到来。这实际上意味着更多的投资者正在押注数字资产的价格，虽然它可能会走向任何一个方向，但这也证明了许多人关注 DOGE 的价格表现。

The historical performance also shows that there has been a price increase usually when the open interest rises, and DOGE has not failed this time around. Since the initial Bitcoinist report, the DOGE price has risen from $0.084 to as high as $0.1 before correcting back downward. This suggests that the Dogecoin price is following its historical performance and the increase in open interest heralds good tidings for the coin.

历史表现也表明，通常当持仓量增加时，价格就会上涨，而这次DOGE并没有失败。自最初的 Bitcoinist 报告发布以来，DOGE 价格已从 0.084 美元上涨至 0.1 美元，然后又回落。这表明狗狗币的价格正在追随其历史表现，而未平仓合约的增加预示着狗狗币的好消息。

The last time that the Dogecoin open interest was this high was back in April 2023 and like always, the price had risen in tandem with this metric. However, given the price performance that followed the spike in April 2023, it might not all be good news for the DOGE price going forward.

上次狗狗币未平仓合约达到如此高的水平是在 2023 年 4 月，与往常一样，价格也随着这一指标的上涨而上涨。然而，考虑到 2023 年 4 月飙升后的价格表现，这对于 DOGE 价格的未来来说可能并不都是好消息。

DOGE Could See A Price Decline

DOGE 可能会看到价格下跌

Given that historical performance points toward a bullish performance, it is also prudent to look at the times when historical performance has ended in a bearish trend. A case of this is in April 2023 when the open interest began to lose momentum. As a result, the price declined rapidly.

鉴于历史表现指向看涨表现，因此谨慎看待历史表现以看跌趋势结束的时期。 2023 年 4 月就是一个例子，当时持仓量开始失去动力。结果，价格迅速下跌。

Dogecoin’s open interest is already seeing a decline, as data from Coinglass shows it fell 10% between Wednesday and Thursday, although there was a small 1.89% uptick on Friday. This could suggest a more bearish impulse compared to a bullish trend. If this happens, then the DOGE price could return to $0.08.

狗狗币的未平仓合约已经出现下降，Coinglass 的数据显示，周三至周四期间狗狗币的未平仓合约下降了 10%，尽管周五小幅上涨了 1.89%。与看涨趋势相比，这可能表明更看跌的冲动。如果发生这种情况，那么 DOGE 价格可能会回到 0.08 美元。

However, if the bullish trend holds similarly to October 2022 when the price went from $0.06 to $0.15, the DOGE price could mount a 100% rally from here. This would put the meme coin’s price just shy of $0.2, validating analysts’ expectations of a bullish rally coming for Dogecoin.

然而，如果看涨趋势与 2022 年 10 月价格从 0.06 美元上涨至 0.15 美元类似，那么 DOGE 价格可能会从这里上涨 100%。这将使 Meme 币的价格略低于 0.2 美元，验证了分析师对狗狗币看涨反弹的预期。