Shift in Dogecoin Market Dynamics: Whales Reduce Holdings

狗狗币市场动态的转变：鲸鱼减少持有量

On-chain data from IntoTheBlock reveals a notable shift in holder behavior in the Dogecoin (DOGE) market. Over the past year, the largest Dogecoin whales have been gradually reducing their holdings.

来自 IntoTheBlock 的链上数据揭示了狗狗币 (DOGE) 市场持有人行为的显着转变。在过去的一年里，最大的狗狗币鲸鱼一直在逐渐减少其持有量。

The data shows that the percentage of the total DOGE supply held by whale addresses with holdings of over 0.1% each has declined from 45.3% to 41.3%. This suggests that some of the largest holders of DOGE are lightening their positions, potentially altering the market dynamics.

数据显示，持仓量超过0.1%的鲸鱼地址占DOGE总供应量的比例从45.3%下降至41.3%。这表明一些最大的 DOGE 持有者正在减仓，这可能会改变市场动态。

In contrast, retail and mid-sized investors have increased their share of the total DOGE supply. As whale holdings diminish, these smaller investors now command a larger portion of the total supply.

相比之下，散户和中型投资者在 DOGE 总供应量中所占的份额有所增加。随着鲸鱼持有量的减少，这些较小的投资者现在控制着总供应量的更大一部分。

Price Action and Market Sentiment

价格走势和市场情绪

At the time of writing, Dogecoin was posting a rebound, up 3.14% in the last 24 hours to $0.123. However, the price had dropped to lows of $0.113 yesterday in a two-day decline.

截至撰写本文时，狗狗币正在反弹，在过去 24 小时内上涨 3.14%，至 0.123 美元。然而，昨天价格在连续两天下跌中跌至 0.113 美元的低点。

Crowd sentiment for DOGE has plummeted following the price decline, according to Santiment, creating an opportunity for patient traders.

Santiment 表示，随着价格下跌，大众对 DOGE 的情绪大幅下降，这为耐心的交易者创造了机会。

On-Chain Support and Resistance Levels

链上支撑位和阻力位

At its current trading level, DOGE is positioned above a significant on-chain support level. According to IntoTheBlock, 41.78 billion DOGE were acquired at an average price of $0.103, indicating a high demand zone that might be crucial if the market continues to weaken.

在目前的交易水平上，DOGE 的位置高于重要的链上支撑位。根据 IntoTheBlock 的数据，417.8 亿枚 DOGE 的平均价格为 0.103 美元，这表明如果市场继续疲软，高需求区域可能至关重要。

On the upside, DOGE may encounter resistance near $0.137, where 10.9 billion DOGE are now held at a loss.

从好的方面来看，DOGE 可能会在 0.137 美元附近遇到阻力，目前 109 亿 DOGE 处于亏损状态。