Dogecoin Liquidations Surge Amid Market Downturn

市场低迷期间狗狗币清算激增

Amid the ongoing market decline, Dogecoin (DOGE) has witnessed a significant increase in liquidations. Data from Coinglass indicates an 98% surge in liquidations to $11.15 million within the past 24 hours, with $10.07 million attributed to long positions and $1.08 million to short positions.

在市场持续下跌的情况下，狗狗币（DOGE）的清算量大幅增加。 Coinglass 的数据显示，过去 24 小时内清算量激增 98%，达到 1115 万美元，其中多头头寸为 1007 万美元，空头头寸为 108 万美元。

Spike in Dogecoin Liquidations

狗狗币清算激增

The recent spike in liquidations can be attributed to DOGE's price decline to $0.10, resulting in investors contemplating whether to capitalize on the downturn. The liquidation heatmap highlights a concentration of liquidity around $0.12, suggesting that a price recovery towards that level is possible with increased buying pressure.

最近清算的激增可归因于 DOGE 的价格跌至 0.10 美元，导致投资者考虑是否要利用这一低迷的机会。清算热图突出显示流动性集中在 0.12 美元左右，这表明随着购买压力的增加，价格有可能回升至该水平。

Divergence in Price and Daily Active Addresses

价格和每日活跃地址的差异

Despite DOGE's price drop, a divergence has emerged between price and Daily Active Addresses (DAA). DAA, which measures the number of unique addresses interacting with the Dogecoin blockchain, has declined by -58.32%. This indicates that network activity is outpacing price growth, potentially implying an undervaluation of DOGE relative to its on-chain activity.

尽管 DOGE 的价格下跌，但价格和每日活跃地址（DAA）之间出现了分歧。 DAA（衡量与狗狗币区块链交互的唯一地址数量）已下降-58.32%。这表明网络活动超过了价格增长，可能意味着 DOGE 相对于其链上活动被低估。

Should Investors Buy the Dip?

投资者应该逢低买入吗？

Determining whether it is an opportune time to purchase DOGE warrants consideration of several factors. In the immediate term, DOGE may consolidate around $0.10; however, a shift in sentiment could trigger accumulation, potentially pushing the price towards the $0.12 support zone.

确定现在是否是购买 DOGE 的合适时机需要考虑几个因素。短期内，DOGE 可能会在 0.10 美元左右盘整；然而，情绪的转变可能会引发吸筹，从而有可能将价格推向 0.12 美元的支撑区域。

For those optimistic about Dogecoin's long-term prospects, this may present a buying opportunity. Despite the recent liquidations, DOGE's 24-hour trading volume has increased by 62% to $1.6 billion, signaling renewed investor interest. Analysts predict that DOGE could reach the $2 mark based on its past performance.

对于那些对狗狗币长期前景持乐观态度的人来说，这可能会带来一个买入机会。尽管最近发生了清算，DOGE 的 24 小时交易量仍增加了 62% 至 16 亿美元，表明投资者兴趣重新燃起。根据过去的表现，分析师预测 DOGE 可能会达到 2 美元大关。

However, investors should remain cautious and closely monitor network activity and price movements before making investment decisions.

然而，投资者在做出投资决定之前应保持谨慎并密切关注网络活动和价格走势。