In a riveting turn of events, amid the broader crypto market’s recovery witnessed recently, Dogecoin appears to have defied the broader trend in the market as its price showcased a waining trajectory today, April 9. This comes primarily attributed to a plethora of bearish on-chain factors, potentially pulling DOGE’s price toward a downtrend. Here’s a closer look into the factors that may have pulled DOGE’s price into a slump.

在最近见证的更广泛的加密货币市场的复苏中，发生了一系列引人入胜的事件，狗狗币似乎违背了市场的更广泛趋势，因为其价格在今天（4 月 9 日）呈现出下跌趋势。这主要归因于过多的看跌情绪连锁因素，可能将 DOGE 的价格拉向下跌趋势。以下是对可能导致 DOGE 价格暴跌的因素的进一步研究。

Factors Mirroring DOGE’s Bearish Movement

Intriguingly, Dogecoin’s waining price trajectory, with its price dipping below $0.2 as of press time, per CoinMarketCap’s data, rides along numerous bearish factors encompassing colossal whale dump and on-chain data hinting at a loss of investor interest. Here’s a deeper dive:

反映狗狗币看跌走势的因素有趣的是，根据 CoinMarketCap 的数据，狗狗币的价格轨迹不断下降，根据 CoinMarketCap 的数据，截至发稿时其价格已跌至 0.2 美元以下，这与众多看跌因素有关，其中包括巨大的鲸鱼抛售和暗示投资者兴趣丧失的链上数据。这是更深入的研究：

Derivatives Data Fuels Bearish Sentiments

According to the on-chain insights streamlined by Coinglass, DOGE’s derivatives volume saw a notable 5.04% dip, reaching $3.97 billion, further escorted by an open interest plunge of 1.44%, reaching $1.66 billion. This signaled a significant reduction in market activity for DOGE, and, coupled with the OI-weighted funding rate’s tumbled movement, resting at 0.0347%, data flags a significant reduction in investor interest in the asset. Further, as the price continues to slip, this data underscores an overall bearish sentiment in the market.

衍生品数据助长看跌情绪根据 Coinglass 简化的链上洞察，DOGE 的衍生品交易量显着下降 5.04%，达到 39.7 亿美元，进一步伴随着未平仓合约暴跌 1.44%，达到 16.6 亿美元。这表明 DOGE 的市场活动大幅减少，再加上 OI 加权融资利率下跌至 0.0347%，数据表明投资者对该资产的兴趣大幅下降。此外，随着价格继续下滑，该数据凸显了市场整体看跌情绪。

Liquidations On The Rise

Meanwhile, notably, 58,052 traders were liquidated in the past 24 hours, with the total liquidations evaluated as $195.92 million. The largest liquidation order occurred on Binance -BTCUSDT, valued at $5.28 million. Amid this, Dogecoin liquidations totaled $5.36 million, with long positions at $3.01 million and short positions at $2.34 million. This further underscored a bearish sentiment prevailing among crypto market traders and investors, falling in line with DOGE’s fall.

值得注意的是，过去 24 小时内有 58,052 名交易者被清算，清算总额估计为 1.9592 亿美元。最大的强平订单发生在币安-BTCUSDT，价值 528 万美元。其中，狗狗币清算总额为 536 万美元，多头头寸为 301 万美元，空头头寸为 234 万美元。这进一步凸显了加密货币市场交易者和投资者普遍存在的看跌情绪，与 DOGE 的下跌一致。

Whale Dumps Massive Amounts Of DOGE

Additionally, per the data offered by Whale Alert, a staggering 245 million DOGE was dumped to Robinhood, an American exchange, by an unknown address today. This further stirred a pool of bearishness for DOGE, showcasing the whale’s loss of confidence in the asset, with supply gains for the token on exchanges.

Whale 抛售大量 DOGE 此外，根据 Whale Alert 提供的数据，今天有 2.45 亿枚 DOGE 通过未知地址被抛售至美国交易所 Robinhood。这进一步激起了人们对 DOGE 的看跌情绪，表明鲸鱼对该资产失去了信心，而交易所代币的供应量增加了。

🚨 🚨 245,000,000 #DOGE (49,622,788 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/49ncXiaMbG

🚨 🚨 245,000,000 #DOGE（49,622,788 美元）从未知钱包转移到#Robinhoodhttps://t.co/49ncXiaMbG

— Whale Alert (@whale_alert) April 8, 2024

— 鲸鱼警报 (@whale_alert) 2024 年 4 月 8 日

Although the blockchain tracker highlighted DOGE accumulations as well, the massive dump appears to have undermined the accumulations, with a bearish trend for DOGE surfing in the market, as mentioned above.

尽管区块链追踪器也强调了 DOGE 的积累，但大规模抛售似乎削弱了积累，如上所述，DOGE 在市场上冲浪呈看跌趋势。

Also Read: ETH Price Holds Firms Above $3,700 Despite Ethereum ETF Uncertainty, What’s Next?

另请阅读：尽管以太坊 ETF 存在不确定性，但 ETH 价格仍坚守在 3,700 美元以上，下一步是什么？

Dogecoin Price Fluxes With A Falling Trend

In the interim, following a highly volatile movement, the Dogecoin token’s price noted a 0.61% drop in the past 24 hours and is currently resting at $0.1993. This high volatility, further accompanied by a downward trend, indicates significant uncertainty and selling pressure in the market. Moreover, this fall is further reinforced by a market cap dip of 0.60% and a 24-hour trading volume fall of 7.94%, anchoring DOGE’s bearish turn.

狗狗币价格呈下跌趋势波动在此期间，经过高度波动，狗狗币代币的价格在过去 24 小时内下跌了 0.61%，目前稳定在 0.1993 美元。这种高波动性，进一步伴随着下降趋势，表明市场存在巨大的不确定性和抛售压力。此外，市值下跌 0.60% 和 24 小时交易量下跌 7.94% 进一步加剧了这一下跌，巩固了 DOGE 的看跌转向。

Also Read: US Treasury Seeks Stronger Crypto Controls for National Security

另请阅读：美国财政部寻求加强国家安全的加密控制