狗狗币的负 MVRV 预示着长期投资者的买入机会

狗狗币的 MVRV 比率（衡量投资者情绪的指标）已降至零以下，表明长期投资者存在潜在的买入机会。从历史上看，MVRV 比率为负值后往往会出现价格大幅上涨，因为投资者认为该资产相对于之前的表现被低估了。

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

狗狗币的 MVRV 比率跌入负值：长期投资者的买入机会

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.

最近几周，加密货币市场一直在应对一波波动，狗狗币（DOGE）也未能幸免于这一趋势。自 3 月 31 日达到 0.2214 美元的峰值以来，DOGE 开始走下坡路，市值缩水超过 21%。此次价格调整对各种指标产生了连锁反应，包括市场价值与实现价值（MVRV）比率。

MVRV Ratio: A Measure of Investor Sentiment

MVRV 比率：衡量投资者情绪的指标

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 比率是衡量投资者情绪和价格上涨潜力的关键指标。它将资产的市值与其已实现的资本进行比较，从而深入了解持有者所经历的利润或损失。当MVRV比率为正时，表明大多数持有者处于盈利状态，而当比率为负时，则表明许多持有者目前处于亏损状态。

DOGE's MVRV Ratio Turns Negative

DOGE 的 MVRV 比率变为负数

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.

最近的数据显示，DOGE 的 MVRV 比率已急剧跌至负数区域。根据链上分析公司 Santiment 的数据，该比率在 4 月 4 日暴跌至 15.36% 的低点。这一明显转变表明投资者情绪发生了重大转变，更多持有者现在陷入困境。

Implications for Long-Term Investors

对长期投资者的影响

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.

虽然负 MVRV 比率可能会引起担忧，但它也可以为长期投资者提供重要的买入机会。从历史上看，MVRV 为负值的时期往往伴随着价格的大幅上涨。例如，3 月份，DOGE 价格下跌 31%，导致 MVRV 比率降至-15%。然而，紧随其后的是 7 天内价格飙升 78%。

Current Market Dynamics

当前市场动态

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.

截至撰写本文时，DOGE 的交易价格为 0.1738 美元。最近价格走势的特点是交易区间狭窄和鲸鱼的大量抛售。 DOGE 目前徘徊在 0.17 美元的支撑区域上方。跌破该水平可能会导致短期内进一步跌向 0.125 美元。

Potential Price Targets

潜在的价格目标

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.

从好的方面来看，当前盘整阶段的突破可能会重新点燃人们对 DOGE 的兴趣并引发购买狂潮。这可能会将价格推回 0.22 美元的水平。或者，持续跌破 0.17 美元支撑位可能会加剧抛售压力并加剧下行趋势。

Conclusion

结论

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.

狗狗币的负 MVRV 比率清楚地表明投资者情绪已经恶化，并且抛售压力正在主导市场。然而，历史数据表明，这些时期可以为长期投资者提供折价积累 DOGE 的机会。尽管近期价格前景仍不确定，但不应忽视反弹的潜力。投资者应密切关注市场动态，并根据自己的投资期限和风险承受能力做出明智的决定。