Dogecoin（Doge）價格移動信號升高風險，長期頭寸超過2.16億美元暴露於清算

這一舉動引發了整個衍生品市場的關注，在該市場中，交易者正在密切關注以進一步的波動跡象。

Dogecoin’s latest price movement has exposed long positions worth more than $216 million to liquidation pressure, signaling a period of elevated risk in the cryptocurrency market.

Dogecoin的最新價格變動已暴露了長期以來的長度，價值超過2.16億美元的清算壓力，這表明了加密貨幣市場風險增加的時期。

As of press time, on-chain data from Dune Analytics reveals that 1.537 billion DOGE have been liquidated in the past 24 hours.

截至發稿時，Dune Analytics的鍊鍊數據顯示，過去24小時內已清算了15.37億托馬斯。

The majority of those liquidations, about 92%, were on-chain long positions, indicating a strong shift in market sentiment.

這些清算大多數（約92％）是鍊長立場，表明市場情緒發生了強烈的轉變。

This move has triggered concerns across derivatives markets, where traders are watching closely for further signs of volatility.

這一舉動引發了整個衍生品市場的關注，在該市場中，交易者正在密切關注以進一步的波動跡象。

Technical indicators suggest that if the decline continues, the token could approach the next major support level at $0.132, and even as low as $0.120, placing additional pressure on leveraged positions.

技術指標表明，如果下降持續下降，代幣可能以0.132美元的價格接近下一個主要支持水平，甚至低至0.120美元，給槓杆位置帶來了額外的壓力。

While long-term holders are showing confidence by accumulating DOGE at lower prices, short-term market signals remain mixed.

雖然長期持有人通過以較低的價格累積門檻來表現出信心，但短期市場信號仍然不同。

$216 million in long trades at risk

長期以來有2.16億美元的風險交易

Dogecoin’s breach of the $0.150 level has already placed substantial long interest in jeopardy.

Dogecoin違反$ 0.150的水平已經對危險產生了巨大的興趣。

If prices continue to slide toward $0.132, the probability of cascading liquidations will grow.

如果價格繼續滑入0.132美元，級聯清算的可能性將會增加。

In the past 24 hours, approximately $13.9 million in Dogecoin futures positions have already been liquidated.

在過去的24小時中，已經清算了大約1390萬美元的Dogecoin期貨職位。

Over 92% of those were long positions, showing how heavily bullish traders have been impacted by the pullback.

超過92％的職位是長位，表明看漲的商人受到了回調的影響。

This suggests that many leveraged traders were not prepared for a dip below $0.150, and their forced exits may contribute further to downward momentum.

這表明許多槓桿交易者沒有準備以低於0.150美元的價格下降，他們的強制退出可能會進一步貢獻下降的動力。

The risk is amplified by the possibility of more liquidations in the event of further weakness, particularly if DOGE approaches or breaches $0.120.

在進一步的弱點時可能會有更多清算的可能性，尤其是在Doge接近或違反0.120美元的情況下，風險會擴大。

Technical resistance is now evident around $0.150, which was a key support level before the drop.

現在，技術阻力很明顯，大約在0.150美元左右，這是下降前的關鍵支持水平。

Traders are also watching $0.168 to $0.174 as an upper range of resistance, with more formidable barriers forming near $0.18 and $0.20.

貿易商還將$ 0.168至$ 0.174視為阻力範圍，更強大的障礙物形成接近$ 0.18和0.20美元。

These levels would need to be cleared before any short-term bullish reversal could take place.

在發生任何短期看漲逆轉之前，需要清除這些水平。

Without a strong rebound, however, the market remains vulnerable to continued downward pressure and volatility driven by margin calls.

然而，沒有強勁的反彈，市場仍然容易受到持續的向下壓力和波動性的影響。

Long-term holders accumulate DOGE

長期持有人積累了門檻

Despite near-term bearish sentiment, long-term holders continue to accumulate Dogecoin.

儘管近期看跌情緒，但長期持有人仍在積累狗狗幣。

Blockchain data shows that large DOGE wallets, particularly those holding between 10 million and 100 million coins, added 750 million DOGE during a dip earlier in the year.

區塊鏈的數據表明，在今年早些時候的下降中，大型的大門錢包，尤其是那些持有1000萬到1億個硬幣之間的大型錢包。

This accumulation trend is supported by a sharp rise in inflows to whale addresses, with inflows increasing by 323.86% over a 30-day period and over 3,700% across a 90-day window.

這種累積趨勢得到了向鯨魚地址的急劇上升的支持，在30天的時間內流入增長了323.86％，在90天的窗口中，流入量增長了323.86％，超過3,700％。

At the same time, the average holding period for Dogecoin has risen significantly, with a 302% increase in holding time noted in late January.

同時，Dogecoin的平均持有期顯著增加，一月下旬指出的持有時間增加了302％。

This suggests that long-term holders are not only accumulating but are also less inclined to sell during market downturns.

這表明，長期持有人不僅積累了，而且在市場低迷時期銷售的傾向也較少。

Resistance at $0.150 limits upside

阻力為$ 0.150的限制上漲空間

With the recent sell-off, Dogecoin now faces multiple layers of resistance.

隨著最近的拋售，Dogecoin現在面臨多層阻力。

The immediate resistance zone lies between $0.150 and $0.168, where earlier support levels are likely to act as psychological and technical barriers.

直接電阻區在0.150美元至0.168美元之間，較早的支持水平可能充當心理和技術障礙。

A breakout above $0.174 could provide some relief, but more meaningful resistance remains at $0.18 and $0.20—levels that were tested in early 2025 but not held.

超過$ 0.174的突破可能會提供一些緩解，但更有意義的阻力仍為0.18美元和0.20美元 - 在2025年初進行了測試，但沒有舉行。

Unless Dogecoin can break through these levels and regain bullish momentum, the price is expected to remain under pressure.

除非Dogecoin可以突破這些水平並恢復看漲的勢頭，否則預計價格將保持壓力。

Traders are likely to adopt a cautious approach, particularly as liquidation risks continue to hang over the market.

貿易商可能會採用謹慎的方法，特別是隨著清算風險繼續懸而未決。

On-chain data supports the view that while long-term conviction in Dogecoin is strong, short-term volatility and resistance levels are dictating market direction.

鏈上的數據支持這樣的觀點，即儘管長期信念是強大的，但短期波動和阻力水平決定了市場的方向。

The coming days will be crucial in determining whether DOGE can recover and build upward momentum, or whether it will drift further below key levels, triggering additional long liquidations and intensifying the downtrend.

接下來的日子對於確定Doge是否可以恢復和增強動量至關重要，或者它是否會進一步漂移到關鍵水平，從而觸發額外的長清算並加劇下降趨勢。