Whales Fuel Dogecoin Activity

鲸鱼为狗狗币活动提供燃料

Dogecoin (DOGE) has witnessed a surge in whale activity over the past few days. As per IntoTheBlock's data, from July 9th to 11th, the Dogecoin whale community engaged in significant transactions. Notably, on July 9th, whales recorded a net flow of -37.05 million, indicating substantial selling.

过去几天，狗狗币（DOGE）见证了鲸鱼活动的激增。根据IntoTheBlock的数据，7月9日至11日，狗狗币鲸鱼社区发生了重大交易。值得注意的是，7月9日，鲸鱼录得净流量-3705万，表明大量抛售。

Shift Towards Buying

转向购买

The initial bearish sentiment shifted dramatically by July 11th. The market flow turned positive, reaching 364.38 million tokens, an impressive 868% increase. This surge suggests that whales were actively buying.

到 7 月 11 日，最初的看跌情绪发生了巨大转变。市场流量转正，达到 36438 万枚，增幅高达 868%。这种激增表明鲸鱼正在积极购买。

Influence on Price Movement

对价格变动的影响

Typically, whale purchases trigger price increases due to their confidence in future value gains. However, Dogecoin's price has not yet reflected this increase.

通常，鲸鱼的购买会因对未来价值收益的信心而引发价格上涨。然而，狗狗币的价格尚未反映出这一增长。

Other Indicators

其他指标

At the time of writing, DOGE trades at around $0.1077, marking a 0.30% decline in the past 24 hours but a 3.60% gain over the past week. Open interest, a measure of open futures contracts, has fallen to $2.51 billion, which generally indicates a positive trend.

截至撰写本文时，DOGE 交易价格约为 0.1077 美元，过去 24 小时内下跌 0.30%，但过去一周上涨 3.60%。未平仓合约（衡量未平仓期货合约的指标）已降至 25.1 亿美元，总体上表明了积极的趋势。

Potential Price Movement

潜在的价格变动

An analysis of Dogecoin's liquidation heatmap reveals high liquidity around $0.11. This suggests that there is potential for a price increase from current levels. However, a decline fueled by selling pressure could result in a drop to the liquidation zone at $0.098, providing an opportunity for bears to liquidate long positions.

对狗狗币清算热图的分析显示，流动性很高，约为 0.11 美元。这表明价格有可能较目前水平上涨。然而，抛售压力推动的下跌可能会导致价格跌至 0.098 美元的清算区域，为空头提供清算多头头寸的机会。