Liquidation data indicates that long positions in the cryptocurrency market experienced significant losses, while short liquidations remained minimal.

清算数据表明，加密货币市场的多头头寸遭受重大损失，而空头清算仍然很少。

Dogecoin's network activity is outpacing its price movement, suggesting a potential buying opportunity.

狗狗币的网络活动超过了其价格变动，这表明存在潜在的买入机会。

Traders holding long positions in Dogecoin faced liquidations exceeding $5 million between June 3rd and 4th. Conversely, short liquidations remained below $60,000. In the context of derivatives trading, longs are positions predicting price increases, while shorts anticipate price decreases.

6 月 3 日至 4 日期间，持有狗狗币多头头寸的交易者面临超过 500 万美元的清算。相反，空头清算额仍低于 60,000 美元。在衍生品交易中，多头是预测价格上涨的头寸，而空头是预测价格下跌的头寸。

Liquidations occur when an exchange involuntarily closes a trader's position due to market volatility, insufficient margin, or excessive leverage.

当交易所因市场波动、保证金不足或杠杆过高而非自愿平仓交易者的头寸时，就会发生清算。

In Dogecoin's case, liquidations were triggered by recent price volatility. At the time of writing, DOGE is trading at $0.10, representing a 7.28% decline over the past 24 hours. However, this decline mirrors the broader market trend.

就狗狗币而言，清算是由最近的价格波动引发的。截至撰写本文时，DOGE 的交易价格为 0.10 美元，在过去 24 小时内下跌了 7.28%。然而，这种下跌反映了更广泛的市场趋势。

A liquidation heatmap identifies price levels where significant liquidations may occur. Analyzing data from Hyblock, we observe a concentration of liquidity around $0.12. If buying pressure intensifies, Dogecoin's price could move towards this level.

清算热图确定了可能发生重大清算的价格水平。通过分析 Hyblock 的数据，我们观察到流动性集中在 0.12 美元左右。如果购买压力加剧，狗狗币的价格可能会升至这一水平。

Despite the price decline, a positive price-DAA divergence suggests a potential buying opportunity for Dogecoin. DAA measures the number of daily active addresses on the blockchain. A divergence occurs when the price increase outpaces the increase in DAA, typically indicating a sell signal. However, the current price-DAA ratio of -58.32% suggests a trend reversal and an increase in network activity.

尽管价格下跌，但价格与 DAA 的正背离表明狗狗币存在潜在的买入机会。 DAA 衡量区块链上每日活跃地址的数量。当价格涨幅超过 DAA 涨幅时，就会出现背离，通常表示卖出信号。然而，当前的价格-DAA 比率为-58.32%，表明趋势逆转和网络活动增加。

While the price may stabilize around $0.10, market participants may accumulate Dogecoin in anticipation of a potential rally towards $0.12.

虽然价格可能稳定在 0.10 美元左右，但市场参与者可能会囤积狗狗币，以期价格可能上涨至 0.12 美元。