A Dogecoin whale has transferred 200 million DOGE to Robinhood, sparking concerns of a potential sell-off. Despite this, Dogecoin's price has continued to climb, with Futures open interest flashing bullish signs.

一只狗狗币鲸鱼已将 2 亿狗狗币转移给 Robinhood，引发了人们对潜在抛售的担忧。尽管如此，狗狗币的价格仍在继续攀升，期货未平仓合约闪烁着看涨迹象。

The crypto market has exhibited signs of a strong recovery lately, with Dogecoin (DOGE) riding the wave of bullish sentiments. Over the past week, DOGE's price has hiked by 6.8%. In fact, its appreciation of 4.4% in the last 24 hours has pushed the memecoin's price to $0.156 on the charts.

加密货币市场最近表现出强劲复苏的迹象，狗狗币（DOGE）乘着看涨情绪的浪潮。过去一周，DOGE 的价格上涨了 6.8%。事实上，过去 24 小时内 4.4% 的升值已将 memecoin 的价格推至图表上的 0.156 美元。

This resurgence has brought optimism to investors and traders who have been closely monitoring the crypto-asset for signs of sustained growth. However, a recent development involving a Dogecoin whale has sparked discussions within the community about the potential impact on the ongoing price rally.

这种复苏给一直密切关注加密资产持续增长迹象的投资者和交易者带来了乐观情绪。然而，最近涉及狗狗币鲸鱼的事态发展引发了社区内关于其对持续价格上涨的潜在影响的讨论。

According to data from Whale Alert, a whale transferred 200 million DOGE, worth around $30.86 million, to the trading platform Robinhood. This move is notable as it suggests the whale might be preparing to sell a huge portion of its holdings. This could potentially introduce selling pressure and affect DOGE's upward trajectory on the price charts.

根据Whale Alert的数据，一头鲸鱼向交易平台Robinhood转移了2亿枚DOGE，价值约3086万美元。此举值得注意，因为它表明鲸鱼可能正准备出售其所持股份的很大一部分。这可能会带来抛售压力并影响 DOGE 在价格图表上的上涨轨迹。

Market dynamics and technical indicators

市场动态及技术指标

The transfer of 200 million DOGE to Robinhood has raised concerns about a possible shift in market dynamics. Such large transfers are often viewed as precursors to selling activities, which can lead to increased supply on the market. It can also potentially stop the prevailing price rally.

将 2 亿 DOGE 转移给 Robinhood 引发了人们对市场动态可能发生变化的担忧。如此大规模的转移通常被视为销售活动的前兆，这可能导致市场供应增加。它还可能阻止当前的价格上涨。

Here, it is worth questioning if this will affect the broader sentiment and whether it will lead to a reversal of Dogecoin's recent gains.

在这里，值得质疑的是，这是否会影响更广泛的情绪，以及是否会导致狗狗币近期涨幅的逆转。

Meanwhile, in the derivatives market, there has been a noticeable hike in activity, with Dogecoin Futures open interest climbing by 8.44% to hit a figure of $886.38 million.

与此同时，衍生品市场的活动明显增加，狗狗币期货未平仓合约上涨 8.44%，达到 8.8638 亿美元。

Source: Coinglass

来源：Coinglass

The aforementioned figures indicate renewed interest from traders, particularly in the Futures market.

上述数据表明交易者重新燃起了兴趣，特别是在期货市场。

However, the dominance of short sellers, who have faced liquidations totaling $2.27 million according to Coinglass, suggests that a short squeeze could propel DOGE's value even higher. This, unless the anticipated selling pressure from the whale's transfer counteracts this trend.

然而，根据 Coinglass 的数据，卖空者占据主导地位，他们面临着总计 227 万美元的清算，这表明空头挤压可能会推高 DOGE 的价值。除非鲸鱼转移带来的预期抛售压力抵消了这一趋势。

Source: Coinglass

来源：Coinglass

Technical outlook and future predictions

技术展望和未来预测

From a technical perspective, Dogecoin seemed to be showing signs of attempting to break its daily downtrend, at press time. The 4-hour chart revealed that DOGE recently entered an order block, which has contributed to its ongoing upward movement.

从技术角度来看，截至发稿时，狗狗币似乎显示出试图打破每日下跌趋势的迹象。 4小时图显示，DOGE最近进入了订单区，这有助于其持续上涨。

Despite this positive trend, however, AMBCrypto's analysis suggested that we can still anticipate a slight retracement for DOGE to $0.13 should the asset complete its break of structure to the upside on the 4-hour chart. This expected pullback would allow the asset to gather more liquidity at lower levels before potentially resuming its climb.

然而，尽管存在这种积极的趋势，AMBCrypto 的分析表明，如果 DOGE 在 4 小时图表上完成其上行结构的突破，我们仍然可以预计 DOGE 将小幅回撤至 0.13 美元。这种预期的回调将使该资产在可能恢复攀升之前在较低水平上收集更多流动性。

Source: DOGE/USDT, TradingView

资料来源：DOGE/USDT、TradingView

Meanwhile, a recent report from AMBCrypto also revealed that a majority of DOGE holders are currently in profit. With short liquidations significantly surpassing long liquidations, prices are anticipated to rise further, potentially eliminating these liquidations.

与此同时，AMBCrypto 最近的一份报告也显示，大多数 DOGE 持有者目前都处于盈利状态。由于空头清算大大超过多头清算，预计价格将进一步上涨，从而有可能消除这些清算。

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