#数字资产市场动态 🚨Christmas Eve DOGE made a big move: clearing nearly $200 million in contracts within 48 hours. There's more to it than meets the eye.

Many people think the Christmas market is dull, but Dogecoin has already started to move. On Christmas Eve, DOGE directly terminated 14 contract positions, totaling nearly $200 million. This is just the tip of the iceberg—two days ago, the market was still digesting $863 million in contract adjustments. In less than a week, DOGE's structural adjustments have exceeded $1 billion.

This is not just simple emotional fluctuation, nor is it passive stop-loss behavior. It’s a clear signal of active deleveraging and rebalancing.

Those familiar with market cycles know that such concentrated contract clearing and rapid risk position reduction usually don’t occur after a market has fully ended. On the contrary, they often happen before a major trend arrives. Essentially, this isn’t bearish; it’s about making room and leaving flexibility for upcoming volatility. DOGE hasn't disappeared; it’s just adopting a lighter stance and re-aligning.

Looking at the entire market from a broader perspective, some are beginning to say that risks have been released, but the re-pricing of macro, policy, and liquidity factors is still ongoing. In such a phase, those who manage to clean up their structures early are often not the weak hands, but those who understand how to position themselves in advance.

So the question becomes interesting: is this big move by DOGE an active risk avoidance, or is it making room for the next wave of market movement?