Dogecoin Whales Sell-Off Raises Concerns

狗狗币鲸鱼抛售引发担忧

Dogecoin's value declined by 3% following the offloading of 119.67 million DOGE (worth $11.70 million) by whales.

在鲸鱼卸下 1.1967 亿个 DOGE（价值 1170 万美元）后，狗狗币的价值下跌了 3%。

Whale on-chain activity dropped significantly, with inflows decreasing from 229.49 million to 27.96 million DOGE per day in September.

鲸鱼链上活动大幅下降，9 月份每天流入量从 2.2949 亿 DOGE 减少至 2796 万 DOGE。

Dogecoin's futures open interest fell by 3.5%, while its RSI reached 40, indicating downward pressure.

狗狗币期货持仓量下降3.5%，RSI达到40，显示下行压力。

Elon Musk's Tesla Announcement and Subsequent Optimism

埃隆·马斯克的特斯拉公告和随后的乐观情绪

Elon Musk's comments regarding the potential acceptance of Dogecoin as payment for Tesla products initially sparked positive sentiment in the cryptocurrency market. However, this optimism was short-lived.

埃隆·马斯克关于可能接受狗狗币作为特斯拉产品支付方式的评论最初引发了加密货币市场的积极情绪。然而，这种乐观情绪是短暂的。

Whales Cut Back on Holdings: A Shift in Confidence

鲸鱼削减持股：信心的转变

Large investors, known as whales, began reducing their DOGE holdings, raising concerns among market participants. Whale Alert reported a transfer of 119.67 million DOGE to Robinhood, signaling a significant decline in their confidence.

被称为“鲸鱼”的大型投资者开始减持 DOGE，这引发了市场参与者的担忧。 Whale Alert 报告称，Robinhood 已转移 1.1967 亿枚 DOGE，这表明他们的信心大幅下降。

IntoTheBlock's analysis also revealed a drop in on-chain activity among whales holding at least 0.1% of Dogecoin's total supply.

IntoTheBlock 的分析还显示，持有狗狗币总供应量至少 0.1% 的鲸鱼的链上活动有所下降。

While outflows have increased by 80.7%, inflows have decreased from 229.49 million DOGE to 27.96 million DOGE per day, indicating that large investors are withdrawing their funds, suggesting a lack of confidence in the asset's short-term prospects.

虽然流出量增加了 80.7%，但流入量从每天 2.2949 亿 DOGE 减少到 2,796 万 DOGE，这表明大型投资者正在撤回资金，表明对该资产的短期前景缺乏信心。

Sluggish Market Performance Despite Musk's Endorsement

尽管有马斯克的背书，市场表现依然低迷

Despite Musk's recent endorsement, Dogecoin's market performance has remained sluggish. The token's value fell by 3% on the day of the whale sell-off, despite positive overall market trends.

尽管最近有马斯克的背书，狗狗币的市场表现仍然低迷。尽管整体市场趋势积极，但在鲸鱼抛售当天，该代币的价值下跌了 3%。

The decline in futures open interest (OI) by 3.5% further reflects traders' caution and adds to the bearish outlook.

期货未平仓合约 (OI) 下降 3.5%，进一步反映了交易者的谨慎态度，并加剧了看跌前景。

Market Sentiment and Future Outlook

市场情绪及未来展望

Dogecoin's relative strength index (RSI) of 40 indicates downward pressure. The token's lack of positive response to Tesla's announcement and the dismissal of a Dogecoin manipulation case against Musk suggests continued difficulties ahead.

狗狗币的相对强弱指数（RSI）为 40，表明存在下行压力。该代币对特斯拉的声明缺乏积极回应，并且针对马斯克的狗狗币操纵案被驳回，这表明未来仍将面临困难。

Reduced whale activity, slow price action, and cautious market sentiment all point to potential challenges for Dogecoin in the near future. While market volatility remains high, current patterns suggest a bearish price action for DOGE.

鲸鱼活动减少、价格走势缓慢以及谨慎的市场情绪都表明狗狗币在不久的将来可能面临挑战。尽管市场波动性仍然很高，但当前的模式表明 DOGE 的价格走势看跌。