Aptos (APT)、狗狗币 (DOGE) 和以太坊 (ETH) 经历熊市价格动态：我们是否正在走向更重大的调整？

在过去几周的超级积极之后，昨天加密货币 Aptos (APT)、狗狗币 (DOGE) 和以太坊 (ETH) 经历了熊市动态。

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

经过几周的持续增长，昨天加密货币市场经历了熊市动态，尤其是在山寨币领域。

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

事实上，垃圾币的整个市值（不包括比特币、以太坊和稳定币）与上周收盘价相比下跌了约 6%。

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

这次价格下跌还影响了近几个月来最受欢迎的两种模因币，即 Aptos (APT) 和 Dogecoin (DOGE)。

Let's see all the details below.

让我们看看下面的所有细节。

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

山寨币Aptos（APT）和狗狗币（DOGE）价格分析：报价小幅下滑

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，当 Aptos (APT) 和 Dogecoin (DOGE) 的持有者突然扭转其短期价格结构时，这两种加密货币的持有者措手不及。

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

自 11 月初以来分别增长 48% 和 180% 后，这些代币已经看到了图形疲软的第一个迹象，

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 则下跌了 8.74%。

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

今天，负面的价格趋势似乎仍在继续，空头试图压低价格。

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.

这种下跌的主要原因是比特币的价格走势，比特币在小时间范围内的方向性也发生了变化。

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

加密货币市场之王显然已经失去了95,000美元的支撑，其价格甚至跌破了93,000美元。

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

由于这次调整，上周观察到的“错失恐惧症”有所减弱，导致投机活动减少。

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).

总体而言，从昨天到今天，山寨币市场蒸发了约 615 亿美元，相当于总市值的 6.6%（不包括 BTC、ETH 和稳定币）。

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.

对 Coinglass 衍生品数据的分析支持了投机性持有量下降的论点。随着埃隆·马斯克青睐的加密货币价格的下跌，狗狗币（DOGE）的未平仓头寸减少了约 5 亿美元。

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) 的跌幅不太明显，未平仓合约损失约 3000 万美元，但情况与 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.

最近几天资金费率也大幅下降，这表明过度杠杆已经受到熊市崩盘的惩罚。

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.

这两种山寨币的主要前景在中期仍然看涨，但有必要确保价格不会增加熊市压力。

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

以太坊（ETH）价格跌破3400美元但结构仍保持牛市

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

伴随加密货币市场的负面走势而来的还有以太坊（ETH），其价格昨天再次跌破 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%.

在此情况下，该货币也不得不从 11 月初开始的扩张阶段回撤，表现约为 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 日星期四以来，看涨冲动甚至已经开始，这意味着将立即恢复 4,000 美元的目标。

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 小时图上跌破 50 EMA，抵消了过去几天的大部分进展。

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.

从昨天的本地顶部 3,520 美元开始，加密货币的价格下跌了约 5%，足以影响短期前景。

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

从这里开始出现剧烈波动的风险，投资者可能会瞄准两个方向。

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

然而，从对 ETH 衍生品的分析中，我们发现了一个不容小觑的细节。

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

虽然 Aptos (APT) 和 Dogecoin (DOGE) 等山寨币的未平仓合约有所下降，但以太坊 (ETH) 似乎并未受到影响。

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

与周末数据相比，投机性期货头寸总额几乎保持在 210 亿美元不变。

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

融资利率大幅下降，凸显了杠杆需求的降低和投机状况的健康发展。

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

还值得强调的是，Deribit 的 ETH 期权数据仍然特别乐观。

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

交易者的主导地位是看涨期权，大约是看跌期权的三倍。

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

有许多执行价格高于 4,000 美元（名义交易量最高的价格）的押注将于 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.

这意味着投资者仍然非常看好该货币，并预计从现在到年底其价格将会上涨。

Analysis of Bitcoin Dominance: new leg up coming?

比特币主导地位分析：新一轮上涨即将到来？

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

在山寨币市场价格调整的背景下，我们不能忽视比特币的主导地位图表。

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 的主导地位突然从 61.7% 降至 60% 的关键水平以下。在这种情况下，山寨币一路飙升，投机活动也十分活跃。与此同时，比特币的价格徘徊在 10 万美元以下，试图