狗狗幣的負 MVRV 預示著長期投資者的買入機會

狗狗幣的 MVRV 比率（衡量投資者情緒的指標）已降至零以下，顯示長期投資者有潛在的買入機會。從歷史上看，MVRV 比率為負值後往往會出現價格大幅上漲，因為投資者認為該資產相對於先前的表現被低估了。

Dogecoin's MVRV Ratio Plunges into Negative Territory: A Buying Opportunity for Long-Term Investors

狗狗幣的 MVRV 比率跌入負值：長期投資者的買入機會

The cryptocurrency market has been grappling with a wave of volatility in recent weeks, and Dogecoin (DOGE) has not been immune to this trend. Since reaching a peak of $0.2214 on March 31, DOGE has embarked on a downward trajectory, shedding over 21% of its value. This price correction has had a ripple effect on various metrics, including the Market Value to Realized Value (MVRV) ratio.

最近幾週，加密貨幣市場一直在應對一波波動，狗狗幣（DOGE）也未能倖免於這一趨勢。自 3 月 31 日達到 0.2214 美元的高峰以來，DOGE 開始走下坡路，市值縮水超過 21%。此次價格調整對各種指標產生了連鎖反應，包括市場價值與實現價值（MVRV）比率。

MVRV Ratio: A Measure of Investor Sentiment

MVRV 比率：衡量投資人情緒的指標

The MVRV ratio is a key indicator that gauges investor sentiment and the potential for price rallies. It compares an asset's market capitalization to its realized capitalization, providing insights into the profit or loss experienced by holders. When the MVRV ratio is positive, it indicates that the majority of holders are in profit, while a negative ratio suggests that many are currently at a loss.

MVRV 比率是衡量投資者情緒和價格上漲潛力的關鍵指標。它將資產的市值與其已實現的資本進行比較，從而深入了解持有者所經歷的利潤或損失。當MVRV比率為正值時，表示大多數持有者處於獲利狀態，而當比率為負時，則表示許多持有者目前處於虧損狀態。

DOGE's MVRV Ratio Turns Negative

DOGE 的 MVRV 比率變成負數

Recent data reveals that DOGE's MVRV ratio has taken a sharp dive into negative territory. According to on-chain analytics firm Santiment, the ratio plummeted to a low of 15.36% on April 4. This stark shift indicates a significant shift in investor sentiment, with more holders now underwater.

最近的數據顯示，DOGE 的 MVRV 比率已急劇跌至負數區域。根據鏈上分析公司 Santiment 的數據，該比率在 4 月 4 日暴跌至 15.36% 的低點。這一明顯轉變表明投資者情緒發生了重大轉變，更多持有者現在陷入困境。

Implications for Long-Term Investors

對長期投資者的影響

While a negative MVRV ratio may raise concerns, it can also present a significant buying opportunity for long-term investors. Historically, periods of negative MVRV have often been followed by substantial price rallies. For instance, in March, DOGE experienced a 31% price decline that pushed the MVRV ratio down to -15%. However, this was swiftly followed by a remarkable 78% price surge over seven days.

雖然負 MVRV 比率可能會引起擔憂，但它也可以為長期投資者提供重要的買入機會。從歷史上看，MVRV 為負值的時期往往伴隨著價格的大幅上漲。例如，3 月份，DOGE 價格下跌 31%，導致 MVRV 比率降至-15%。然而，緊隨其後的是 7 天內價格飆升 78%。

Current Market Dynamics

當前市場動態

At the time of writing, DOGE is trading at $0.1738. The recent price action has been characterized by a tight trading range and a significant selling spree from whales. DOGE is currently hovering just above a support zone at $0.17. A break below this level could lead to a further decline towards $0.125 in the short term.

截至撰寫本文時，DOGE 的交易價格為 0.1738 美元。最近價格走勢的特點是交易區間狹窄和鯨魚的大量拋售。 DOGE 目前徘徊在 0.17 美元的支撐區域上方。跌破該水準可能會導致短期內進一步跌向 0.125 美元。

Potential Price Targets

潛在的價格目標

On the upside, a breakout from the current consolidation phase could rekindle interest in DOGE and trigger a buying frenzy. This could push the price back towards the $0.22 level. Alternatively, a sustained break below the $0.17 support could intensify the selling pressure and exacerbate the downward trend.

從好的方面來看，當前盤整階段的突破可能會重新點燃人們對 DOGE 的興趣並引發購買狂潮。這可能會將價格推回 0.22 美元的水平。或者，持續跌破 0.17 美元支撐位可能會加劇拋售壓力並加劇下行趨勢。

Conclusion

結論

Dogecoin's negative MVRV ratio is a clear indication that investor sentiment has soured and that selling pressure is dominating the market. However, historical data suggests that such periods can provide opportunities for long-term investors to accumulate DOGE at a discount. While the immediate price outlook remains uncertain, the potential for a rebound should not be dismissed. Investors should carefully monitor the market dynamics and make informed decisions based on their investment horizon and risk tolerance.

狗狗幣的負 MVRV 比率清楚地表明投資者情緒已經惡化，並且拋售壓力正在主導市場。然而，歷史數據表明，這些時期可以為長期投資者提供折價累積 DOGE 的機會。儘管近期價格前景仍不確定，但不應忽視反彈的潛力。投資者應密切關注市場動態，並根據自己的投資期限和風險承受能力做出明智的決定。