比特幣（BTC）合併儘管交易數量下降信號鯨魚購買蘸醬

比特幣（BTC）於3月23日星期日以84,000美元的價格開業，擴大了合併階段

Bitcoin (BTC) price opened trading at the $84,000 level on Sunday, March 23, extending its consolidation phase for three days. As the chart below shows, Bitcoin trading volumes have declined from 22,900 BTC traded on Binance on March 20 to just 5,420 BTC at the close of Saturday, March 22.

比特幣（BTC）價格在3月23日星期日的84,000美元水平開盤，延長了三天的合併階段。如下圖所示，比特幣交易量已從3月20日在Binance的22,900 BTC下降到3月22日星期六結束時僅5,420 BTC。

As an asset’s price consolidates at a critical support level despite a persistent decline in trading volume, it often signals bullish undertones. This suggests that large Bitcoin investors, also known as whales, have been executing significant transactions, counteracting the impact of retail traders’ inactivity.

儘管交易量的持續下降，但由於資產的價格在關鍵支持水平上鞏固，它通常標誌著Bullish Undertones。這表明，大型比特幣投資者（也稱為鯨魚）一直在執行重大交易，抵消了零售商人不活動的影響。

Moreover, high-frequency traders typically prefer volatile conditions, and Bitcoin’s flat price action within a narrow 1% range does not offer wide profit margins.

此外，高頻交易者通常更喜歡波動的條件，而比特幣在狹窄1％範圍內的統一價格行動並不能提供較大的利潤率。

Thus, this low-volatility market environment allows whales to sidestep OTC fees and execute large-volume buys on BTC spot markets without causing significant price fluctuations. These factors explain why BTC has held steady around $84,000 despite a 75% decline in Bitcoin trading volumes over the past few days.

因此，這種低揮發性的市場環境使鯨魚能夠避開OTC費用，並在BTC現貨市場上進行大規模購買，而不會引起大量價格波動。這些因素解釋了為什麼BTC在過去幾天中比特幣交易量下降了75％，而BTC仍保持穩定量約為84,000美元。

Bitcoin derivatives market data from Coinglass reveals that open interest has dipped 1.77% to $51.98 billion, while options open interest has also declined slightly by 0.54% to $33.51 billion. Across all major metrics, Coinglass data highlights a prevailing bearish sentiment, with a significant 79.28% drop in options volume, indicating reduced speculative activity.

來自Coinglass的比特幣衍生品市場數據表明，開放利息已下跌1.77％至519.8億美元，而期權開放興趣也略有下降0.54％，至335.1億美元。在所有主要指標中，Coinglass Data都強調了一種普遍的看跌情緒，期權量下降了79.28％，表明投機活動減少。

Despite this, the long-short ratio remains near neutral at 0.9589 for the past 24 hours, with Binance and OKX showing a higher tilt toward long positions. This suggests that while open interest has declined, existing traders are still positioning for potential upward movement.

儘管如此，在過去的24小時內，長短比率保持在0.9589的中性，binance和OKX顯示出更高的傾斜度朝向長位置。這表明，儘管開放興趣下降了，但現有的交易者仍在定位潛在的向上移動。

Liquidations data further supports the bottom formation narrative. Over the last 12 hours, $4.63 million in liquidations occurred, with shorts accounting for $806.59K—significantly more than long liquidations. This indicates that downward momentum is being absorbed by bullish traders.

清算數據進一步支持底層的敘述。在過去的12個小時中，發生了463萬美元的清算，短褲佔806.59萬美元，比長時間清算的重要性多。這表明向下勢頭被看漲的商人吸收。

The current environment suggests that BTC price may be nearing a local bottom after three days in retreat. A decisive move above $85,000 would validate the bullish thesis, while failure to hold $83,500 could invite further downside exploration. Traders should watch derivatives volume recovery and long-short ratio fluctuations for confirmation of the next major move.

當前的環境表明，在撤退三天后，BTC價格可能接近本地底部。一項決定性的舉動超過85,000美元將驗證看漲論文，而未能持有83,500美元的$ 83,500可以邀請進一步的下行探索。貿易商應觀察衍生工具量的回收率和長期比率波動，以確認下一個重大行動。

Bitcoin Technical Analysis Today: BTC to Remain Range Bound Within $88,000 – $83,265

今天的比特幣技術分析：BTC保持範圍在88,000美元以內 - $ 83,265

Ranging between $83,265 and $88,000, Bitcoin price continues to be subject to conflicting signals from spot and derivatives markets, suggesting a prolonged consolidation phase. However, sustained consolidation could also indicate a period of market indecision.

比特幣價格在83,265美元至88,000美元之間，繼續受到現貨和衍生品市場的信號衝突，這表明合併階段延長。但是，持續的合併也可能表明一段時間內的猶豫不決。

As the chart below shows, BTC needs to break out decisively from the $88,000 to $83,900 range before a clear directional trend emerges. The Fibonacci retracement levels highlight immediate support at $83,265, whereas resistance is pending at $86,363.22. A breach above this level could see BTC retest the $88,866.76 resistance, signaling a bullish continuation.

如下圖所示，在明顯的方向趨勢出現之前，BTC需要果斷地從88,000美元到83,900美元。斐波那契回答級別以83,265美元的價格強調了立即的支持，而阻力為86,363.22美元。高於此級別的違規行為可能會使BTC重新測試了$ 88,866.76的抵抗，這表明看漲了看漲的延續。

However, the lower histogram bars indicate waning trading volume, suggesting weakening momentum and raising the risk of a bearish breakdown. If sellers take control, Bitcoin could drop below $83,265, exposing the next key support at $78,258.52. The red-shaded liquidity zones above $91,000 highlight potential supply zones where selling pressure could intensify.

但是，較低的直方圖桿表明交易量減弱，表明勢頭減弱並增加了看跌損失的風險。如果賣家控制了控制，比特幣可能會降至83,265美元以下，將下一個鑰匙支持的價格低於$ 78,258.52。紅色陰影的流動性區超過91,000美元，突出了銷售壓力可能會加劇的潛在供應區。

Until a breakout occurs, Bitcoin’s sideways movement suggests traders remain cautious, awaiting confirmation of a trend shift.

在突破之前，比特幣的側向運動表明，交易者保持謹慎，等待確認趨勢轉變。