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.
一位受欢迎的数字货币分析师在周四提醒狗狗币（CRYPTO: DOGE）交易者，不要过于关注这款数字货币，因为它的走势与比特币（CRYPTO: BTC）的表现息息相关。
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."
发生了什么：Kevin，以分享见解和预测这款表情包币巨头的价格走势而闻名，他表示：“我的观点是，DOGE 并不掌控自己，它的命运完全掌握在 BTC 手中。因此，过于关注这项资产有点浪费时间。”
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."
这位分析师补充说，他对持续的周期在未来几天能上升持乐观态度，尽管会受到“短期噪音”的影响。“如果你像我一样是早期入场的长线持有者，除了静观其变别无选择。”
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
让我们尽可能简单一些。#狗狗币目前在宏观金口和宏观.5 Fib之间交易。这两个区域是主要的压力位和支撑位，突破任一区域都会引发剧烈的波动。我的看法是…… 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，狗狗币与比特币的价格相关性为0.77，低于以太坊（CRYPTO: ETH）和艾达币（CRYPTO: ADA），但高于柴犬币（CRYPTO: SHIB），根据IntoTheBlock的数据显示。
For context, a correlation close to 1 implies a strong positive correlation between the two prices while a correlation near 0 suggests no correlation.
为了更好地理解，相关性接近1意味着两者价格之间有强正相关，而接近0则表示没有相关性。
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.
为何重要：Kevin的言论是在数字货币市场经历重大波动时发表的。周四，狗狗币回落，而这恰巧跟比特币跌破$100,000有关。
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.
根据IntoTheBlock的数据，大额交易量在过去24小时内跃升了41%，这表明鲸鱼活动激增。长期持有者正在抛售狗狗币，这从持有该数字货币至少一年的地址余额下降0.88%可以看出。
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.
狗狗币的未平仓合约，即锁定在衍生品合约中的总金额，也下降了0.83%。根据多空比，下注看跌的交易者人数超过了押注价格上涨的交易者。
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.
价格动态：在撰写本文时，狗狗币的交易价格为0.4068美元，过去24小时内下跌了2.50%，根据Benzinga Pro的数据。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免责声明：此内容部分由Benzinga Neuro生成，并由Benzinga编辑审核和发布。
