隨著BTC價格恢復超過87,500美元，比特幣開放利息上漲了20億美元

數據顯示，由於加密貨幣的價格已恢復超過87,500美元，比特幣開放興趣已急劇上升。

Data from CryptoQuant shows that Bitcoin Open Interest has increased sharply in the last 24 hours as the cryptocurrency’s price recovers above $87,500.

來自加密貨幣的數據表明，由於加密貨幣的價格在87,500美元以上恢復，比特幣開放興趣在過去24小時內急劇增加。

Bitcoin Open Interest Is Up More Than $2 Billion

比特幣開放興趣增長超過20億美元

As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Open Interest has shot up for Bitcoin during the past day. The “Open Interest” here refers to an indicator that measures the total amount of BTC-related positions that are currently open on all derivatives exchanges.

正如隱秘社區分析師Maartunn在X上的一篇新帖子中指出的那樣，過去一天的開放興趣已引起了比特幣的興趣。這裡的“開放利息”是指衡量當前在所有衍生工具交換上開放的與BTC相關頭寸的總數的指標。

When the value of this metric rises, it means that the investors are opening up fresh positions on the futures market. Generally, the total leverage in the sector goes up when new positions appear, so this kind of trend can induce volatility in the asset’s price.

當該指標的價值上升時，這意味著投資者正在期貨市場開設新的職位。通常，當出現新職位時，該行業的總槓桿率會上升，因此這種趨勢可以引起資產價格的波動。

On the other hand, the indicator going down implies that the holders are either closing up positions of their own volition or being forcibly liquidated by their platform. Whatever the case may be, such a leverage flush can provide more stability to the cryptocurrency.

另一方面，下降的指標意味著持有人要么關閉自己的意志職位，要么被其平台強行清算。無論如何，這種槓桿沖洗可以為加密貨幣提供更大的穩定性。

Now, here is the chart shared by the analyst that shows how the Bitcoin Open Interest has changed over the last 24 hours or so:

現在，這是分析師共享的圖表，該圖表顯示了比特幣開放興趣在過去24小時左右如何變化：

As displayed in the above graph, the Bitcoin Open Interest has witnessed a steep rise in this window. The increase in the indicator has come as the coin’s price has recovered to the $87,500 level.

如上圖所示，比特幣開放興趣在此窗口中見證了急劇上升。由於硬幣的價格已恢復到87,500美元，該指標的增加已經達到。

This isn’t anything too surprising, as exciting price action in the cryptocurrency usually invites speculation. What may be of concern, however, is the scale of the rise that the metric has observed.

這並不令人驚訝，因為加密貨幣中令人興奮的價格動作通常會引起人們的猜測。但是，可能令人擔憂的是指標觀察到的升高規模。

As Maartunn has highlighted in the chart, Open Interest has gone up by more than $2 billion during the past day, which translates to a percentage increase of over 8.3%.

正如Maartunn在圖表中強調的那樣，在過去的一天中，開放興趣增長了超過20億美元，這意味著增長百分比超過8.3％。

This massive increase is despite the fact that Bitcoin has already seen liquidations amounting to around $76 million in this period, as data from CoinGlass shows.

如Coinglass的數據顯示，儘管比特幣已經看到比特幣已經看到了大約7600萬美元的清算，但這種大規模增長。

Leverage-driven rallies like this latest one tend not to last because the underlying conditions present during them are generally unstable. The reason behind this instability lies in the fact that leveraged positions can easily end up being liquidated.

槓桿驅動的集會像這樣的最新趨勢往往不會持續，因為它們中存在的基本條件通常不穩定。這種不穩定背後的原因在於，槓杆位置很容易被清算。

The positions that come during the hype of a rally are often overleveraged, and even if they aren't, their liquidation point is usually at an elevated level within the rally. This means that they can be quite vulnerable to any pullbacks that occur.

集會期間出現的位置通常會被過度駕駛，即使不是，他們的清算點通常在拉力賽內的高度。這意味著它們可能很容易受到任何發生的回調。

When these positions find liquidation, they feed back into the price pullback that caused them, thus elongating its length. It’s possible that something similar could end up taking place with this latest Bitcoin rally as well, but only time will tell.

當這些位置找到清算時，它們會反饋到導致它們的價格下降，從而拉長了其長度。最新的比特幣集會也可能會發生類似的事情，但只有時間才能說明。