未平倉合約下降 24%，狗狗幣 (DOGE) 價格可能進一步下跌

任何資產的總未平倉合約都可以幫助縮小交易者在交易貨幣時的交易範圍，狗狗幣也不例外。

The total open interest of an asset can be used to gauge the activity of traders in a particular coin, including Dogecoin. A rise or fall in open interest over a period of time can be significant as traders choose to enter or exit positions in an asset. In the case of Dogecoin, a recent decline in open interest could have some implications for the future direction of the DOGE price.

資產的總持倉量可用於衡量特定貨幣（包括狗狗幣）交易者的活動。當交易者選擇進入或退出資產部位時，一段時間內未平倉合約的上升或下降可能會很大。就狗狗幣而言，最近未平倉合約的下降可能會對狗狗幣價格的未來方向產生一些影響。

Tracking Open Interest

追蹤未平倉合約

According to data from Coinglass, the Dogecoin open interest has fallen by 24% in the last week alone. This figure is calculated from July 18, when the open interest stood at $707 million, and into August, with a total open interest value of $420 million.

Coinglass 的數據顯示，光是上週狗狗幣未平倉合約就下降了 24%。這一數字是從 7 月 18 日未平倉合約為 7.07 億美元計算的，一直到 8 月，未平倉合約總額為 4.2 億美元。

This decline in Dogecoin open interest follows the market crash that saw the crypto market cap drop below $1 trillion and the DOGE price fall to below $0.09 by Monday. The chart shows a drastic reduction in the number of open positions, indicating a reduced interest in keeping positions open.

狗狗幣未平倉合約的下降是在市場崩盤之後發生的，市場崩盤導致加密貨幣市值跌至 1 兆美元以下，狗狗幣價格週一跌至 0.09 美元以下。圖表顯示，未平倉部位數量急劇減少，顯示維持未平倉部位的興趣下降。

However, this is not the lowest that the Dogecoin open interest has fallen this year. But it is noteworthy given the current market conditions, with the Dogecoin price erasing most of its gains from last year and pushing back toward February 2024 lows.

然而，這並不是今年狗狗幣持倉量下降的最低值。但考慮到當前的市場狀況，值得注意的是，狗狗幣價格抹去了去年的大部分漲幅，並回落至 2024 年 2 月的低點。

Dogecoin Price Correlation

狗狗幣價格相關性

The correlation between the Dogecoin price and open interest has become more evident with this crash. In the time that the open interest has fallen by 24%, the Dogecoin price has seen a around 40% decrease in price.

隨著這次崩盤，狗狗幣價格和未平倉合約之間的相關性變得更加明顯。當持倉量下降 24% 時，狗狗幣價格下跌了 40% 左右。

Historical data could be used to deduce what might be next for Dogecoin, given the correlation between open interest and the Dogecoin price. For instance, the last time that the Dogecoin open interest saw a sharp drop, the price followed suit.

考慮到未平倉合約和狗狗幣價格之間的相關性，歷史數據可以用來推斷狗狗幣的下一步走勢。例如，上次狗狗幣未平倉合約大幅下跌時，價格也隨之下跌。

In March 2024, the DOGE open interest peaked at $2.21 billion, and the price also saw its highest level so far this year. Following this, there was a crash in open interest and the DOGE price went from $0.22 to $0.18 alongside it, all within the month of March.

2024年3月，DOGE持倉量達到22.1億美元的峰值，價格也創下今年迄今的最高水準。此後，未平倉合約大幅下跌，DOGE 價格也隨之從 0.22 美元跌至 0.18 美元，這一切都發生在 3 月。

This suggests that a rise in open interest would be a positive sign for a recovery in the Dogecoin price. If the open interest were to flatten out from here, the Dogecoin price could enter a phase of consolidation that might see it trade around the $0.08 level for some time.

這表明未平倉合約的增加將是狗狗幣價格復甦的正面訊號。如果未平倉合約從此處趨於平緩，狗狗幣價格可能會進入盤整階段，可能會在一段時間內在 0.08 美元的水平附近交易。

Ultimately, a recovery in the Bitcoin price would likely drive a recovery in the Dogecoin price, given their close correlation. In this case, a market-wide rally would see Dogecoin follow, breaking the current bearish trend.

最終，鑑於它們之間的密切相關性，比特幣價格的復甦可能會推動狗狗幣價格的復甦。在這種情況下，整個市場的反彈將使狗狗幣跟隨，打破當前的看跌趨勢。