Dogecoin's Fate Tied To Bitcoin, Says Crypto Analyst: 'Sit Back And Wait'
Dogecoin's Fate Tied To Bitcoin, Says Crypto Analyst: 'Sit Back And Wait'
Let's keep this is as simple as possible. #Dogecoin is currently trading between the macro golden pocket and the macro .5 Fib. These are two major areas of support and resistance and a break of either or will cause a cascading affect of aggressive movement. My position is that... pic.twitter.com/Au2jWhHwTSA popular cryptocurrency analyst cautioned Dogecoin (CRYPTO: DOGE) traders on Thursday not to overly focus on the cryptocurrency, as its movements are linked to what Bitcoin (CRYPTO: BTC) does.
一位流行的數字貨幣分析師在週四提醒狗狗幣（CRYPTO: DOGE）交易者不要過於關注這款數字貨幣，因爲它的波動與比特幣（CRYPTO: BTC）的走勢有關。
What Happened: Kevin, known for sharing insights and forecasting price movements for the meme coin giant, stated, "My position is that DOGE is not in control of itself, and its fate lies purely in BTC's hands at the moment. so overly focusing on the asset is sort of a waste of time."
發生了什麼：Kevin，以分享見解和預測這款表情包巨頭的價格走勢而聞名，他表示：「我的觀點是狗狗幣現在並不能自行掌控，其命運完全掌握在比特幣手中。因此，過度關注這個資產有點浪費時間。」
The analyst added that he was hopeful the ongoing cycle would head higher in the days ahead regardless of "short-term noises." "Nothing else to do but sit back and wait if you're a long-term holder who got in early like myself."
這位分析師補充說，他希望持續的週期在未來幾天內會向上發展，儘管存在「短期噪音」。「如果你是像我一樣早期入場的長揸者，那麼沒什麼可做的，只能靜待其變。」
Let's keep this is as simple as possible. #Dogecoin is currently trading between the macro golden pocket and the macro .5 Fib. These are two major areas of support and resistance and a break of either or will cause a cascading affect of aggressive movement. My position is that... pic.twitter.com/Au2jWhHwTS
— Kevin (@Kev_Capital_TA) December 12, 2024
讓我們儘可能簡單。#狗狗幣目前在宏觀黃金口袋和宏觀0.5斐波那契之間交易。這是兩個主要的壓力位和支撐位，突破其中任何一個都會導致劇烈的運動。我的觀點是…… pic.twitter.com/Au2jWhHwTS
— Kevin (@Kev_Capital_TA) 2024年12月12日
Interestingly, Dogecoin had a 0.77 price correlation with Bitcoin, lower than Ethereum (CRYPTO: ETH) and Cardano (CRYPTO: ADA), but higher than Shiba Inu (CRYPTO: SHIB), according to IntoTheBlock.
有趣的是，狗狗幣與比特幣的價格相關性爲0.77，低於以太幣（CRYPTO: ETH）和艾達幣（CRYPTO: ADA），但高於柴犬幣（CRYPTO: SHIB），根據IntoTheBlock的數據。
For context, a correlation close to 1 implies a strong positive correlation between the two prices while a correlation near 0 suggests no correlation.
作爲參考，相關性接近1意味着兩者價格之間存在強正相關，而接近0的相關性則表示沒有相關性。
Why It Matters: Kevin's remarks came at a time when the cryptocurrency market was experiencing significant volatility. DOGE retreated on Thursday, which, in turn, followed Bitcoin's dip below $100,000.
爲什麼這很重要：Kevin的評論是在數字貨幣市場經歷重大波動的時候發表的。狗狗幣在週四回撤，這也跟隨比特幣跌破$100,000有關。
Large transaction volumes jumped 41% in the past 24 hours, indicating a surge in whale activity, per IntoTheBlock data. Long-term holders were offloading DOGE, as evidenced by a 0.88% drop in balance held by addresses that had held the cryptocurrency for at least a year.
根據IntoTheBlock的數據，在過去24小時內，大手交易量飆升了41%，這表明鯨魚活動激增。長揸者正在拋售狗狗幣，地址中持有該數字貨幣至少一年的餘額下降了0.88%。
DOGE's Open Interest, the total money locked in derivatives contracts, also fell by 0.83%. The number of traders placing downside bets trumped those speculating on price rises, as per the Long/Shorts Ratio.
狗狗幣的未平倉合約，即鎖定在衍生品合約中的總資金，也下降了0.83%。根據多空比，下注下行的交易者數量超過了看漲價格的交易者數量。
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.4068, down 2.50% in the last 24 hours, according to data from Benzinga Pro.
價格走勢：在撰寫本文時，狗狗幣的交易價格爲0.4068美元，在過去24小時內下跌了2.50%，根據Benzinga Pro的數據。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：此內容部分由Benzinga Neuro生成，並由Benzinga編輯審核和發佈。
譯文內容由第三人軟體翻譯。