Dogecoin Liquidations Surge Amidst Market Downturn

市场低迷期间狗狗币清算激增

Image credit: U.Today

图片来源：今日美国

The cryptocurrency market has experienced a significant drop in the past 24 hours, triggering a major liquidation event in Dogecoin (DOGE). According to data from CoinGlass, approximately $434.64 million worth of liquidations have occurred, with Dogecoin contributing significantly to this figure.

加密货币市场在过去24小时内经历了大幅下跌，引发了狗狗币（DOGE）的重大清算事件。根据 CoinGlass 的数据，已发生价值约 4.3464 亿美元的清算，其中狗狗币对此贡献巨大。

Dogecoin's Historic Liquidations

狗狗币的历史性清算

Due to its status as a meme coin, traders typically limit their exposure to DOGE. However, the recent 10.54% decline to $0.12 has resulted in substantial losses for long traders.

由于其作为模因币的地位，交易者通常会限制其对 DOGE 的投资。然而，最近 10.54% 的下跌至 0.12 美元，导致多头交易者遭受重大损失。

The market downturn has caused approximately $60.86 million in total liquidations, with $60.23 million attributed solely to long traders. This equates to 507,166,666 DOGE liquidated to date.

市场低迷导致总清算额约为 6,086 万美元，其中 6,023 万美元全部归于多头交易者。这相当于迄今为止清算了 507,166,666 DOGE。

Exposure and Accumulation

暴露与积累

The overexposure of market participants to DOGE is evident in these liquidation figures. Despite the recent sell-off, there has been significant whale accumulation in the past, which has partially mitigated the decline and resulted in a 22% drop over the past month.

从这些清算数据中可以明显看出市场参与者对 DOGE 的过度投资。尽管最近出现抛售，但过去鲸鱼的大量积累，部分缓解了跌幅，导致过去一个月下跌 22%。

Bearish Slump Benefits

看跌暴跌的好处

While the bearish slump has caused losses for overexposed traders, it may ultimately prove beneficial for Dogecoin. The Relative Strength Index (RSI) has dropped to 28, indicating an oversold market.

虽然看跌暴跌给过度暴露的交易者造成了损失，但最终可能对狗狗币有利。相对强弱指数（RSI）已跌至28，表明市场处于超卖状态。

This drawdown may exhaust the supply of DOGE available for bears to sell. At that point, a "buy the dip" trend could emerge, potentially driving a recovery in Dogecoin's value.

此次下跌可能会耗尽可供空头出售的 DOGE 供应。届时，可能会出现“逢低买入”趋势，从而有可能推动狗狗币价值的复苏。

If this scenario unfolds, DOGE may regain its lost market capitalization and maintain its position as the top capitalized meme coin among the top 10 cryptocurrencies.

如果这种情况发生，DOGE 可能会重新获得失去的市值，并保持其作为十大加密货币中市值最高的模因币的地位。