Dogecoin price action optimism has been ballooning this week. Rising bullish expectations were driven by the expectation that a DOGE ETF approval may occur this month. However, these expectations also underscored some downside risks.

Dogecoin Price Action乐观情绪一直在本周激增。对看涨期望的上升是由于本月可能会发生Doge ETF批准的期望所驱动的。但是，这些期望也强调了一些下行风险。

DOGE price sentiment improved considerably this week, aided by reports that an ETF approval might happen within the next few days. The ETF in question was filed by Rex Osprey earlier this year, and recent reports signaled a high likelihood that it will be approved in the coming week.

在本周的Doge价格情绪大幅改善，这是在报道中可能在未来几天内发生ETF批准的报道。有关ETF的ETF是由Rex Osprey于今年早些时候提交的，最近的报道表明很可能会在下周获得批准。

The probability of a Dogecoin ETF approval before the end of 2025 jumped from as low as 79% to 94% within the last 3 days.

在2025年底之前获得Dogecoin ETF批准的概率在过去3天内从低至79％升至94％。

A Dogecoin ETF approval would be a big deal for the meme coin. It would be the first in its category to receive an ETF, and this would no doubt pave the way for institutional adoption. However, that may not necessarily be the case initially.

对于模因硬币而言，Dogecoin ETF批准将是一件大事。这将是其类别中第一个接收ETF的人，这无疑将为机构采用铺平道路。但是，最初不一定是这种情况。

Dogecoin Price Faces Risk Despite DOGE ETF Optimism

尽管Doge ETF乐观

Heavy bullish expectations have historically underpinned every ETF launch. The DOGE ETF is no exception, but this trend highlights some downside risks for Dogecoin price.

从历史上看，强烈的看涨期望是每一个ETF发射的基础。 Doge ETF也不例外，但是这种趋势强调了Dogecoin价格的一些下行风险。

Overexcitement, especially in the derivatives market, tends to attract too much optimism, which translates to heavily leveraged long positions. Such a scenario played out when Ethereum ETFs made their debut, after which the ETH price cooled off significantly, contrary to expectations.

过度兴奋，尤其是在衍生品市场中，倾向于吸引太多的乐观情绪，这转化为严重利用了长期位置。当以太坊ETF首次亮相时，这种情况下了这种情况，此后，ETH价格与期望相反。

Although not a guaranteed outcome, such a scenario could play out for the Dogecoin price. The memecoin’s funding rates bounced back from as low as -0.0010% earlier in the week to 0.0097% in the last 24 hours.

尽管不是保证的结果，但这种情况可能会以狗狗的价格发挥作用。 Memecoin的资金率从本周早些时候的低至-0.0010％的低点弹回到了过去24小时的0.0097％。

Dogecoin futures open interest hovered at $3.37 billion at the time of observation, CoinGlass data showed. This was only a slight uptick from its weekly low of around $3.25 billion, which was notably lower than levels observed in July, but still a significant improvement from its lows in June.

Coinglass数据显示，在观察时，Dogecoin Futures开放兴趣徘徊在33.7亿美元。这只是其每周低约32.5亿美元的低点，这一点尤其低于7月观察到的水平，但与6月份的低点相比，它的进步显着改善。

On-chain data revealed an overall bullish sentiment across the whale cohort. Whales acquired about $26 million worth of DOGE in the spot segment on Binance and OKX in the last 2 days. There were about $74 million worth of long positions in the derivatives segment across the two exchanges.

链上的数据揭示了整个鲸鱼队列中的总看涨情绪。在过去的两天中，鲸鱼在Binance和OKX的现货领域收购了价值约2600万美元。在这两个交流中，在衍生工具部门的衍生产品领域中有大约7400万美元的长度头寸。

Dogecoin Price: What to Expect After DOGE ETF Approval?

Dogecoin价格：Doge ETF批准后会期望什么？

Dogecoin price action was on track to conclude the first week of September with some sideways movement. A clear indication of indecisiveness among investors.

Dogecoin的价格动作有望结束9月的第一周，并进行了一些侧向运动。明确表明投资者之间的优柔寡断。

Perhaps the key consideration here is just how much the DOGE ETF approval means for price action. It could pave the way for robust institutional flows.

也许这里的主要考虑因素是Doge ETF批准对价格行动意味着多少。它可能为强大的机构流动铺平道路。

Moreover, a Dogecoin ETF will further validate the memecoin and potentially make it more attractive. This may allow DOGE price to secure more upside in the remaining leg of the bull market.

此外，Dogecoin ETF将进一步验证Memecoin，并可能使其更具吸引力。这可能会使Doge Price在牛市剩余的局面中获得更高的上涨空间。

Polymarket predicted that there was a 15% chance that Dogecoin price could rally to a new historic high before the end of 2025. If these chances play out, then DOGE might rally by over 247% from its $0.21 press time price tag.

Polymarket预测，Dogecoin的价格有可能在2025年底之前升至新的历史高潮。如果这些机会发挥了作用，那么Doge可能会从0.21美元的新闻时间价格标签中涨幅超过247％。

Moreover, robust institutional involvement may aid Dogecoin price action in pushing towards the $1 price target. The meme coin has failed to achieve the same target during the 2021 rally.

此外，强大的机构参与可能会帮助Dogecoin的价格行动，以推向1美元的目标目标。在2021年的拉力赛期间，模因硬币未能实现相同的目标。

However, achieving this milestone would require the crypto to pull off a robust rally, just as it did in the 2021 bull run. Such an outcome would also be more probable if DOGE becomes a U.S national reserve asset, as hinted earlier this year.

但是，实现这一里程碑将要求加密货币进行强大的集会，就像2021年的公牛奔跑一样。如今年早些时候所暗示的那样，如果Doge成为美国国家储备资产，那么这样的结果也将更有可能。

The post Here’s Why Dogecoin Price Might Dip Lower Despite ETF Hype appeared first on The Coin Republic.

尽管ETF Hype首先出现在Coin Republic中，但Dogecoin价格可能会下跌的原因。