狗狗幣和比特幣：2025 年即將到來，哪個更值得購買？

過去幾週，加密貨幣市場的表現優於大盤。自美國大選結果公佈以來，比特幣的價格甚至已升至 10 萬美元大關。

The crypto market has outperformed in the past few weeks. As the U.S. election results showed, Bitcoin fiyatı even rose to the $100k mark. The traders are optimistic that Trump will lead to a change in regulation, which has been favorable for the asset class.

過去幾週，加密貨幣市場的表現優於大盤。正如美國大選結果所示，比特幣價格甚至升至 10 萬美元大關。交易員樂觀地認為川普將導致監管發生變化，這對資產類別有利。

Bitcoin is not the only cryptocurrency that has seen a positive appreciation. The memecoin leader ‘Dogecoin’ has also surged after the election, outperforming Bitcoin.

比特幣並不是唯一出現積極升值的加密貨幣。迷因幣領頭羊「狗狗幣」在大選後也飆升，表現優於比特幣。

In the past six weeks, the Dogecoin price has seen a 110% surge, making its 52-week high of $0.4830. However, it retraced significantly, trading at $0.3131 at press time.

在過去的六週裡，狗狗幣價格飆升了 110%，達到 0.4830 美元的 52 週新高。然而，其大幅回調，截至發稿時交易價格為 0.3131 美元。

Meanwhile, the Bitcoin price surged about 30% in the same period. Furthermore, it reached its high of around $108.6k and dropped to $96K at press time.

與此同時，比特幣價格同期飆升約 30%。此外，截至發稿時，其最高點約為 10.86 萬美元，隨後跌至 96,000 美元。

Bitcoin achieved a new ATH this month, but DOGE has not retested its 2021 highs. Despite this, the DOGE traders made significant profits. With the industry starting to kick into high gear, which is the better buy?

比特幣本月創下新的 ATH，但 DOGE 尚未重新測試 2021 年高點。儘管如此，DOGE 交易者還是獲得了可觀的利潤。隨著該行業開始高速發展，哪個是更好的選擇？

Whale Activity And Institutional Influence: The Common Thread

鯨魚活動與機構影響：共同點

After the approval of Bitcoin ETFs earlier this year, institutions have been the main driver of the Bitcoin price surge. At the same time, the volume of Dogecoin transactions carried out by the major participants also closely mirrors shifts in the ETF indicators.

今年稍早比特幣ETF獲得批准後，機構一直是比特幣價格飆升的主要動力。同時，主要參與者進行的狗狗幣交易量也密切反映了 ETF 指標的變化。

As for whale activity, recent data showed that whales bought over a quarter of a billion DOGE tokens. This buying happened during the recent drawdown.

至於鯨魚活動，最近的數據顯示鯨魚購買了超過 25 億 DOGE 代幣。這次買盤發生在最近的下跌期間。

It is unsurprising that Bitcoin also recorded a recent increase in accumulation when its price was below $95,000. The growth that saw it reclaim the $99,158 level during writing was driven by aggressive whale action.

毫不奇怪，當比特幣價格低於 95,000 美元時，比特幣最近的累積也有所增加。在撰寫本文期間，鯨魚的激進行為推動了其上漲，收復 99,158 美元的水平。

IntoTheBlock data revealed that large holder flows rose from 1,490 BTC on December 19 to 15,260 BTC on December 20. This is attributed to increased outflows from large holders in the same period.

IntoTheBlock 數據顯示，大戶流量從 12 月 19 日的 1,490 BTC 上升至 12 月 20 日的 15,260 BTC。

Outflows remained lower at 12,820 BTC as of 20 December, confirming more buying pressure than sell pressure. However, ETF data remained negative on Thursday and Friday for the first time since the start of December.

截至 12 月 20 日，流出量仍較低，為 12,820 BTC，證實買進壓力大於賣出壓力。然而，週四和週五 ETF 數據仍為負值，這是自 12 月初以來首次。

Which To Buy: Dogecoin Or Bitcoin?

買哪一個：狗狗幣還是比特幣？

The daily timeframe of Bitcoin shows that it has relative strength and has surged steadily in comparison with Dogecoin. However, Dogecoin’s price has outperformed Bitcoin’s, giving considerable returns in the past few weeks. It has a volatile structure and still has not reached its 2021 peak.

比特幣的日線圖顯示，與狗狗幣相比，它具有相對強勢，並且穩定上漲。然而，狗狗幣的價格表現優於比特幣，在過去幾週內帶來了可觀的回報。它的結構不穩定，仍未達到 2021 年的高峰。

Generally, traders prefer Dogecoin over Bitcoin as it is known for its wild swings. On the other hand, long-term investors prefer Bitcoin, as it continues to reach new highs and remains persistent.

一般來說，交易者喜歡狗狗幣而不是比特幣，因為狗狗幣以其劇烈波動而聞名。另一方面，長期投資者更喜歡比特幣，因為它不斷創下新高並保持堅挺。

But what’s next for Bitcoin and the Dogecoin price as 2025 rolls in? A recent Glassnode analysis highlighted that the 2024 bull market was said to have endured only minor dips. This is unlike the previous bull markets, which saw the cryptocurrency experience significant pullbacks.

但隨著 2025 年的到來，比特幣和狗狗幣的價格下一步會變成什麼樣子呢？ Glassnode 最近的一項分析強調，據說 2024 年的多頭市場只經歷了小幅下跌。這與之前的牛市不同，在先前的牛市中，加密貨幣經歷了大幅回檔。

Therefore, weaker selloffs are caused by increasing institutional interest and high demand for Bitcoin ETFs. These factors have added to the high demand and enticed more bullish sentiment.

因此，拋售減弱是由於機構興趣增加和對比特幣 ETF 的高需求造成的。這些因素增加了高需求並引發了更多看漲情緒。

The DOGE price has retested the 50-day EMA support zone and is ready for a bounceback. On the other hand, the Bitcoin price stalled near $96K and could continue to exhibit outperformance. If the link between DOGE and BTC holds, the Dogecoin price may be poised for future bull markets.

DOGE 價格已重新測試 50 日均線支撐區域，並準備好反彈。另一方面，比特幣價格停滯在 9.6 萬美元附近，並可能繼續表現出色。如果狗狗幣和比特幣之間的聯繫成立，狗狗幣的價格可能會為未來的多頭市場做好準備。

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

本文僅供參考，不提供任何財務、投資或其他建議。作者或本文所提及的任何人對投資或交易可能產生的任何財務損失不承擔任何責任。在做出任何財務決定之前，請先進行研究。