The digital currency ecosystem is seeing a mild gain retraction as Bitcoin (BTC) failed to match up to expectations following the debut of spot Bitcoin Exchange Traded Fund (ETF) products. Dogecoin (DOGE) bears are riding this negative price trend, with a 1.80% drop in the past 24 hours to $0.08479. 

由于现货比特币交易所交易基金 (ETF) 产品首次亮相后，比特币 (BTC) 未能达到预期，数字货币生态系统的涨幅正在温和回落。狗狗币 (DOGE) 熊市正乘着这种负面价格趋势，在过去 24 小时内下跌 1.80%，至 0.08479 美元。

This slump becomes more concerning if the trading volume, which has dropped by 27% to $609,330,772, is factored in.

如果考虑到交易量下降 27% 至 609,330,772 美元，这种暴跌就变得更加令人担忧。

The drop in the price of Dogecoin is at best attributable to whales within the network losing their much-needed traction. Data from crypto analytics platform IntoTheBlock (ITB) revealed that Dogecoin’s large transaction volume has dropped by 5.89%, with just about $1.3 billion traded in the past 24 hours.

狗狗币价格的下跌最多可归因于网络内的鲸鱼失去了急需的吸引力。加密分析平台 IntoTheBlock (ITB) 的数据显示，狗狗币的大额交易量下降了 5.89%，过去 24 小时内的交易额仅为约 13 亿美元。

The exodus of whales from the Dogecoin ecosystem is unusual as the coin remains one of the most favored digital currencies by large buyers. 

鲸鱼从狗狗币生态系统中撤离是不寻常的，因为狗狗币仍然是大买家最青睐的数字货币之一。

DOGE 鲸鱼体积（来自 IntoTheBlock）

When zoomed in, the data shows that there was a total of 1,420 large transactions as of Jan. 11, up from 920 as of Jan. 9. Despite this increment, the volume slipped overnight, dropping to the current level from the $1.38 billion it traded at as of Jan. 10.

放大后的数据显示，截至 1 月 11 日，大额交易总数为 1,420 笔，高于 1 月 9 日的 920 笔。尽管有这一增量，但交易量在一夜之间出现下滑，从 13.8 亿美元降至目前的水平。截至 1 月 10 日交易。

Boosting Dogecoin price with bull’s return

牛市回归推高狗狗币价格

The general sentiment on the market as of today does not encourage a solo price breakout for any major digital currency. However, the return of Dogecoin whales might spark a turnaround in the meme coin, which has a good record of printing solo rides in momentary breakout from its correlations with Bitcoin.

截至目前市场的总体情绪并不鼓励任何主要数字货币的单独价格突破。然而，狗狗币鲸鱼的回归可能会引发模因币的转变，该币在印刷单人骑行方面有着良好的记录，暂时突破了与比特币的相关性。

While the Doge-1 space mission to the moon remains an exciting development within the Dogecoin ecosystem, the top meme coin lacks enough fundamentals beyond the roles the whales can play. Whether or not large buyers have the right motivation to chart an ambitious buying path remains to be seen in the coming days and weeks.

虽然 Doge-1 登月太空任务仍然是狗狗币生态系统中令人兴奋的发展，但除了鲸鱼可以扮演的角色之外，顶级模因币缺乏足够的基础知识。大型买家是否有正确的动机来制定雄心勃勃的购买路径，仍有待未来几天和几周的观察。