比特幣（BTC）的開放興趣已從其歷史最高水平下降了35％，這意味著對沖和投機性交易。

開放式利息在任何時候都在任何時候跟踪未銷售衍生合同的總數，當時BTC擊中其ATH至今天的245億美元，從570億美元下降。這意味著市場推動者正在結束不確定性或放鬆槓桿作用。

Open interest in Bitcoin (BTC) has dropped 35% from its all-time high, signaling less hedging and speculative trading, according to on-chain data from Glassnode.

根據GlassNode的鍊鍊數據，對比特幣（BTC）的開放興趣已從其歷史最高高的高度下降了35％，信號減少了對沖和投機性交易。

At its peak, open interest, which tracks the total number of outstanding derivative contracts at any time, reached $57 billion when BTC hit its all-time high of over $109,000 in January. However, this figure has since decreased significantly, and at present, stands at $24.5 billion.

當BTC在一月份達到其歷史最高高點以上的高點時，在其最高峰上追踪了未償還衍生品合同的總數，達到了570億美元。但是，此數字從那以後大大減少，目前為245億美元。

This decline in open interest suggests that market movers are closing out uncertainty or unwinding leverage, which had built up during BTC's rapid ascent earlier this year.

開放興趣的這種下降表明，市場推動者正在結束不確定性或放鬆槓桿作用，這在BTC今年早些時候迅速上升。

As Bitcoin attempts to regain momentum following recent selling pressure, it has encountered resistance at the $90,000 level, which it failed to break through despite multiple tries over the last two weeks.

隨著比特幣在最近的銷售壓力之後試圖恢復動力，它在90,000美元的水平上遇到了阻力，儘管過去兩週進行了多次嘗試，但它仍未突破。

This failure to break the resistance level has put downward pressure on BTC, which could be contributing to the decline in open interest and other on-chain liquidity measures.

這種未能打破阻力水平的人對BTC施加了向下壓力，這可能導致開放興趣和其他鏈上流動性指標的下降。

On-chain data also shows that the unwinding of long-side bias from cash-and-carry trade, where traders make money on the difference between spot and futures prices, has also contributed to the downward pressure on BTC.

鏈上的數據還表明，現金與貨運貿易的長期偏見在現金和期貨價格之間賺錢，這也導致了BTC的下降壓力。

Furthermore, some CME futures contracts are terminating, and there is pressure on Bitcoin exchange-traded funds (ETFs), which are recording outflows.

此外，一些CME期貨合約正在終止，並且對比特幣交易所交易的資金（ETF）有壓力，這些資金正在記錄外流。

Another interesting shift is in BTC's "Hot Supply," which refers to coins held for one week or less. Over the last three months, this hot supply has dropped drastically from 5.9% of Bitcoin's circulating supply to a mere 2.8%.

另一個有趣的轉變是BTC的“熱供應”，它是指持有一周或更短的硬幣。在過去的三個月中，這種熱供應從比特幣循環供應的5.9％下降到僅2.8％。

This decrease of over 50% suggests that fewer newly acquired Bitcoins are being actively traded, reducing market liquidity and potentially signaling reduced demand for the cryptocurrency.

減少50％以上的減少表明，正在積極交易的新獲得的比特幣更少，從而降低了市場流動性，並可能發出信號減少了對加密貨幣的需求。

Additionally, Bitcoin exchange inflows have also declined dramatically, going from 58,600 BTC / day to 26,900 BTC / day, a 54% decrease. While this may signal less selling pressure as fewer coins are being sent to exchanges to be traded, it also indicates weaker demand.

此外，比特幣交換的流入量也急劇下降，從58,600 BTC /天增加到26,900 BTC /天，下降了54％。雖然這可能表明銷售壓力較小，因為將硬幣發送到要交易的交易所較少，但也表明需求較弱。

BTC is currently trading at $84,001, holding above the important support at $85,000, which is crucial for the continuation of the Bitcoin uptrend, according to industry analyst "Unknown Trader."

BTC目前的交易價格為84,001美元，在重要的支持下持有85,000美元，這對於比特幣上升趨勢的繼續至關重要。

Above this level, the asset is still in an uptrend, having closed above the 200-day moving average, a historically bullish indicator for long-term price momentum, and recently broke above the Fib level.

高於此水平，資產仍處於上升趨勢，已經關閉了200天的移動平均水平，這是長期價格勢頭的歷史看漲指標，並且最近破裂了FIB水平。

However, if BTC falls below $85,000, it could open the door for further declines to the next support at $78,000.

但是，如果BTC低於$ 85,000，它可能會為下一個支持的進一步下降，以78,000美元的價格打開大門。

BTC is back up to the retest of around $85,000 again. If it soars, analysts anticipate a move to the resistance zone of $90,500-$92,441. Yet, this solid rejection level can keep fine-tuning a swoop back up until another retest at $85,000.

BTC再次重新獲得了約85,000美元的重新測試。如果飆升，分析師預計將轉移到90,500- $ 92,441的電阻區。但是，這種穩固的拒絕水平可以繼續進行微調，直到再次重新測試為85,000美元。

CryptoQuant analyst Woominkyu, for his part, reported potential institutional accumulation. He pointed out how the 30-day EMA of the Coinbase Premium Index is struggling to cross above the one-hundred-day EMA.

加密分析師Woominkyu就其出現了潛在的機構積累。他指出，Coinbase Premium指數的30天EMA如何努力超過一百天EMA。

This crossover happened before BTC's price rallies typically; therefore, institutional players could be accumulating Bitcoin. As institutional demand continues to pour in, BTC's price could still rise, prolonging this bull market instead of signaling its top.

這種交叉發生在BTC的價格集會通常是在通常的情況下發生的。因此，機構參與者可能會積累比特幣。隨著機構需求繼續湧入，BTC的價格仍然可能上升，延長了這個牛市，而不是發出最高的信號。