#大户持仓变化 $DOGE Recent Market Analysis: Major Capital Signal Emerges

In this market cycle, many are still waiting for a rebound. However, based on on-chain data and market performance, the situation may be more complex than expected.

Several phenomena worth noting:

**Capital Flow Changes** —— Large investors' holdings are adjusting. The previous bullish scenario has changed, and the inflow of incremental funds has slowed down, signaling a shift from optimism to caution in market sentiment.

**Technical Pressure** —— The moving average system is weakening, and the RSI indicator has fallen to around 25, indicating obvious oversold signals. However, in such extreme conditions, it often represents a danger zone for long positions to be liquidated en masse.

**Trading Data** —— In the past 24 hours, the number of long positions liquidated far exceeds short positions (by roughly 13 times), indicating a large number of retail investors caught at high levels. Over 54% of accounts are still long, and this crowded long setup itself is a risk signal.

**Downside Potential** —— If the defense line breaks, the price may retest the 0.1265 support (former low), and a worse scenario could test below 0.1205.

The market is always a game of probabilities. Recognizing the existence of risks is far more important than blind optimism. Proper risk control is the secret to long-term survival.