Aptos (APT)、狗狗幣 (DOGE) 和以太坊 (ETH) 經歷熊市價格動態：我們是否正在走向更重大的調整？

在過去幾週的超級積極之後，昨天加密貨幣 Aptos (APT)、狗狗幣 (DOGE) 和以太坊 (ETH) 經歷了熊市動態。

After several weeks of continuous growth, yesterday the cryptocurrency market experienced a bear dynamic, especially in the altcoin sector.

經過幾週的持續成長，昨天加密貨幣市場經歷了熊市動態，尤其是在山寨幣領域。

In fact, the entire market capitalization of shitcoins (excluding Bitcoin, Ethereum, and stablecoins) lost about 6% compared to last week's closing values.

事實上，垃圾幣的整個市值（不包括比特幣、以太幣和穩定幣）與上週收盤價相比下跌了約 6%。

This price drop also affected two of the most popular memecoins in recent months, namely Aptos (APT) and Dogecoin (DOGE).

這次價格下跌也影響了近幾個月來最受歡迎的兩種迷因幣，即 Aptos (APT) 和 Dogecoin (DOGE)。

Let's see all the details below.

讓我們看看下面的所有細節。

Analysis of the price of altcoins Aptos (APT) and Dogecoin (DOGE): slight decline in quotations

山寨幣Aptos（APT）和狗狗幣（DOGE）價格分析：報價小幅下滑

Yesterday, the holders of Aptos (APT) and Dogecoin (DOGE) were caught off guard when the two cryptos suddenly reversed their short-term price structure.

昨天，當 Aptos (APT) 和 Dogecoin (DOGE) 的持有者突然扭轉其短期價格結構時，這兩種加密貨幣的持有者都措手不及。

After growing by 48% and 180% respectively since the beginning of November, the coins have glimpsed the first signs of graphical weakness,

自 11 月初以來分別增長 48% 和 180% 後，這些代幣已經看到了圖形疲軟的第一個跡象，

In the session on Monday, APT lost 5.59% of its value, while DOGE experienced a deeper decline of 8.74%.

在周一的交易中，APT 下跌了 5.59%，而 DOGE 則下跌了 8.74%。

Today the negative price trend seems to continue, with the bear trying to push the prices down.

今天，負面的價格趨勢似乎仍在繼續，空頭試圖壓低價格。

The main reason for this drop is to be found in the price action of Bitcoin, which has also seen a change in directionality on small time frames.

這種下跌的主要原因是比特幣的價格走勢，比特幣在小時間範圍內的方向性也改變了。

The king of the cryptocurrency market has clearly lost the support of 95,000 dollars, bringing its price even below 93,000 dollars.

加密貨幣市場之王顯然已經失去了95,000美元的支撐，其價格甚至跌破了93,000美元。

Due to this correction, the FOMO observed last week has waned, leading to a decrease in speculative activities.

由於這次調整，上週觀察到的「錯失恐懼症」有所減弱，導致投機活動減少。

Overall, between yesterday and today the altcoin market has seen approximately 61.5 billion dollars evaporate, equivalent to 6.6% of the capitalization TOTAL3 (excludes BTC, ETH, and stablecoins).

總體而言，從昨天到今天，山寨幣市場蒸發了約 615 億美元，相當於總市值的 6.6%（不包括 BTC、ETH 和穩定幣）。

The analysis of derivative data on Coinglass supports the thesis of the decline in speculative holdings. The open interest on Dogecoin (DOGE) has dropped by about 500 million dollars, accompanying the decrease in the price of the cryptocurrency favored by Elon Musk.

對 Coinglass 衍生性商品資料的分析支持了投機性持有量下降的論點。隨著馬斯克青睞的加密貨幣價格的下跌，狗狗幣（DOGE）的未平倉部位減少了約 5 億美元。

Aptos (APT) recorded a less noticeable decline with about 30 million in open interest lost, but the situation remains similar to the memecoin.

Aptos (APT) 的跌幅較不明顯，未平倉合約損失約 3,000 萬美元，但情況與 memecoin 相似。

The funding rate has also dropped drastically in recent days, demonstrating the excess leverage that has been punished by the bear crash.

最近幾天資金費率也大幅下降，這表明過度槓桿已經受到熊市崩盤的懲罰。

The main outlook for these two altcoins remains bullish in the medium term, but it will be necessary to ensure that prices do not increase the bear pressure.

這兩種山寨幣的主要前景在中期仍然看漲，但有必要確保價格不會增加熊市壓力。

The price of Ethereum (ETH) falls below 3,400 dollars but the structure remains bull

以太坊（ETH）價格跌破3400美元但結構仍保持牛市

Accompanying the negative movement of the crypto markets is also Ethereum (ETH), with its price yesterday once again falling below 3,400 dollars.

伴隨加密貨幣市場的負面走勢而來的還有以太幣（ETH），其價格昨天再次跌破 3,400 美元。

Here too the currency had to retreat from its expansive phase, started at the beginning of November with a performance of about 40%.

在這種情況下，該貨幣也不得不從 11 月初開始的擴張階段回撤，表現約 40%。

Since Thursday, November 21, a bullish impulse had even started, which would have suggested the immediate recovery of the target of 4,000 dollars.

自 11 月 21 日星期四以來，看漲衝動甚至已經開始，這意味著將立即恢復 4,000 美元的目標。

Instead, ETH broke below the 50 EMA on the 1h chart, nullifying much of the progress of the last few days.

相反，ETH 在 1 小時圖上跌破 50 EMA，抵消了過去幾天的大部分進展。

From the local top marked yesterday at 3,520 dollars, the cryptocurrency loses about 5% of its price, enough to influence the short-term outlook.

從昨天的本地頂部 3,520 美元開始，加密貨幣的價格下跌了約 5%，足以影響短期前景。

From here begins the risk of strong volatility, with both directions that could be targeted by investors.

從這裡開始出現劇烈波動的風險，投資人可能會瞄準兩個方向。

From the analysis of ETH derivatives, however, a detail emerges that should not be underestimated.

然而，從對 ETH 衍生性商品的分析中，我們發現了一個不容小覷的細節。

While altcoins like Aptos (APT) and Dogecoin (DOGE) have experienced a drop in open interest, Ethereum (ETH) does not seem to be affected.

雖然 Aptos (APT) 和 Dogecoin (DOGE) 等山寨幣的未平倉合約有所下降，但以太坊 (ETH) 似乎並未受到影響。

The sum of speculative futures positions remained almost unchanged at 21 billion dollars compared to the weekend data.

與週末數據相比，投機性期貨部位總額幾乎維持在 210 億美元不變。

The funding rate has dropped significantly, highlighting a lower demand for leverage and a healthier speculative scenario.

融資利率大幅下降，凸顯了槓桿需求的降低和投機狀況的健康發展。

It is also worth highlighting how the data from Deribit options on ETH are still particularly bullish.

另外值得強調的是，Deribit 的 ETH 選擇權數據仍然特別樂觀。

The predominance of traders is towards call contracts, about three times compared to puts.

交易者的主導地位是看漲期權，大約是看跌期權的三倍。

There are many bets with strike price above 4,000 dollars (price with highest notional volume) expiring on December 27, 2024.

有許多執行價格高於 4,000 美元（名義交易量最高的價格）的押注將於 2024 年 12 月 27 日到期。

This means that investors are still very bullish on the currency and expect an increase in its price from now until the end of the year.

這意味著投資者仍然非常看好該貨幣，並預計從現在到年底其價格將會上漲。

Analysis of Bitcoin Dominance: new leg up coming?

比特幣主導地位分析：新一輪上漲即將到來？

In a context of price correction in the altcoin market, we cannot overlook the chart of Bitcoin Dominance.

在山寨幣市場價格調整的背景下，我們不能忽視比特幣的主導地位圖表。

On Thursday, November 21, BTC dominance suddenly dropped from 61.7% to below the key level of 60%. In that circumstance, altcoins surged upwards, accompanied by strong speculative activities. In parallel, the price of Bitcoin hovered just below $100,000, attempting

11 月 21 日星期四，BTC 的主導地位突然從 61.7% 降至 60% 的關鍵水平以下。在這種情況下，山寨幣一路飆升，投機活動也十分活躍。與此同時，比特幣的價格徘徊在 10 萬美元以下，試圖