Dogecoin (CRYPTO: DOGE) was trading in the red on Friday morning as the meme coin retraced slightly after enjoying three consecutive days of gains since May 20.

Dogecoin（Crypto：Doge）在星期五早上在红色上进行交易，因为自5月20日以来，Meme Coin连续三天享受了三天的收益。

What Happened: Dog-themed cryptocurrency Dogecoin was trading at $0.227, in the last 24 hours. The cryptocurrency saw its trading volume slip by 1.84% to $3.36 billion in the same period, according to CoinMarketCap.

发生的事情：以狗为主题的加密货币Dogecoin在过去24小时内的交易价格为0.227美元。根据CoinMarketCap的数据，同期，加密货币的交易量滑倒在同一时期的33.6亿美元。

Dogecoin had been experiencing bullish momentum this week, especially as the price of Bitcoin (CRYPTO: BTC) surged. The rise reached $0.2544 on Friday morning, marking Dogecoin's highest level since May 12.

Dogecoin本周一直在经历看涨的势头，尤其是随着比特币（Crypto：BTC）的价格激增。上升在周五上午达到0.2544美元，标志着Dogecoin自5月12日以来的最高水平。

However, as expected, selling pressure emerged, driven by profit-taking and macroeconomic factors, leading to a U-turn in the price action early Friday. Within a few hours, Dogecoin dropped to $0.227, erasing its daily gains but still showing a 3.62% increase over the week.

但是，正如预期的那样，在获利和宏观经济因素的驱动下，出现销售压力出现了，导致周五早些时候的价格行动掉头。在几个小时内，Dogecoin降至0.227美元，消除了其每日收益，但在一周中仍显示3.62％。

The $3.36 billion in 24-hour trading volume indicates that Dogecoin continues to generate significant interest in the market. Nevertheless, the 1.84% decrease in volume suggests a slight decline in activity, which might be attributed to the crypto market's caution following the recent rally.

33.6亿美元的24小时交易量表明，Dogecoin继续对市场产生重大兴趣。然而，数量减少1.84％表明活动略有下降，这可能归因于加密货币市场最近的集会后的谨慎态度。

Why It Matters: Bitcoin reached new highs this week, exceeding $111,000 for the first time, and surprisingly, all of its circulating supply is currently in the green, despite the recent price action.

它的原因很重要：本周比特币首次达到了新的高点，尽管最近采取了价格，但令人惊讶的是，尽管价格采取了最近的价格，但目前，它的所有循环供应都处于绿色状态。

According to Glassnode data, Bitcoin funding rates remain low, standing slightly below neutral at 0.0079%, which is surprising given the cryptocurrency's price rally. These rates, charged by lenders to borrowers to open leveraged positions, typically indicate strong speculative interest when they rise above neutral or, in this case, zero. However, the current rates reflect a surprising lack of speculative enthusiasm among traders.

根据玻璃节数据，比特币融资率保持较低，略低于中立，为0.0079％，这是令人惊讶的，鉴于加密货币的价格集会。这些费率由贷方向借款人收取以打开杠杆头寸的费率，通常表明当他们高于中性或在这种情况下为零时，他们的投机兴趣很强。但是，目前的利率反映出交易者缺乏投机性的热情。

Out of the top 10 cryptocurrencies, only Dogecoin and Shiba Inu (CRYPTO: SHIB) have funding rates above neutral, indicating mild speculative interest among traders who are betting on short-term price movements. The remaining major cryptocurrencies, such as Ethereum (CRYPTO: ETH) and Binance Coin (CRYPTO: BNB), have funding rates below neutral, which is in line with the broader market sentiment.

在十大加密货币中，只有Dogecoin和Shiba Inu（加密：SHIB）的资金率高于中性，这表明在短期价格变动的交易者中有轻微的投机兴趣。剩下的主要加密货币，例如以太坊（Crypto：ETH）和二氧化硬币（Crypto：BNB），其资金率低于中立，这与更广泛的市场情绪一致。