In the past few days, Dogecoin has been lukewarm, stuck at the 0.4 mark and basically not moving.

Based on Bitcoin's rise from 90,000 to 100,000, I make the following conjectures:

1. Dogecoin may have seen some investors exit due to multiple price increases, which has resulted in it being stuck at the 0.4 mark.

2. Dogecoin might revisit its previous strategies, first playing with investors' psychology or teasing them, and then either surging or plummeting unexpectedly. I think only a surge or a drop is possible, not both.

3. The hedging between institutional investors and retail investors is quite intense.

4. I think the probability of this is a bit low; the bull market might really be coming to an end.

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