Dogecoin's Derivatives Trading Dwindles Amid Price Decline

狗狗币的衍生品交易因价格下跌而减少

Dogecoin's (DOGE) persistent price decline has negatively impacted its derivatives market. As of writing, the meme coin's total open interest has plummeted to $2.51 billion, its lowest level since the beginning of the year.

狗狗币（DOGE）的持续价格下跌对其衍生品市场产生了负面影响。截至撰写本文时，Meme 币的未平仓合约总额已骤降至 25.1 亿美元，为今年年初以来的最低水平。

Open Interest Decreases

持仓量减少

Open interest represents the number of outstanding contracts (options or futures) that have not been settled. A decrease in open interest indicates that existing contracts are being closed without new ones being created, suggesting a decline in market activity.

未平仓合约代表尚未结算的未平仓合约（期权或期货）数量。未平仓合约的减少表明现有合约正在被平仓，而没有创建新合约，这表明市场活动下降。

Value Decline Impacts Derivatives

价值下跌影响衍生品

The downturn in Dogecoin's open interest can be attributed to its steady value decline. The ninth-ranked cryptocurrency currently trades at $0.10, a 30% drop in the past month.

狗狗币未平仓合约的下降可归因于其价值的稳定下降。排名第九的加密货币目前交易价格为 0.10 美元，较过去一个月下跌 30%。

Short Positions Increase

空头头寸增加

The negative funding rate (-0.026%) on July 6 indicated that more traders were holding short positions, expecting the asset's price to fall.

7 月 6 日的负资金利率（-0.026%）表明更多交易者持有空头头寸，预计资产价格下跌。

CMF Indicator Suggests Buying Pressure

CMF 指标显示买入压力

Despite the value decline, DOGE's Chaikin Money Flow (CMF) has remained positive (0.03). This indicator measures money flow and a bullish divergence between price and money flow suggests that there is significant buying volume at lower prices.

尽管价值下降，DOGE 的 Chaikin 资金流量 (CMF) 仍保持正值 (0.03)。该指标衡量资金流向，价格与资金流向之间的看涨背离表明，较低价格存在大量买盘。

Price Prediction

价格预测

If buying momentum continues, DOGE may rebound to $0.11. However, if selling pressure intensifies, the price could fall to $0.08.

如果购买势头持续下去，DOGE 可能会反弹至 0.11 美元。然而，如果抛售压力加剧，价格可能会跌至 0.08 美元。

Disclaimer: This article has been rewritten to improve readability and remove promotional content. Any references to have been preserved.

免责声明：本文已被重写，以提高可读性并删除促销内容。任何引用均已保留。