隨著CME開放興趣下降的提示，比特幣（BTC）的價格在合併階段提示

由於市場上的看漲情緒，比特幣的價格越來越受到關注。在新的價格轉移到上升空間之前，BTC的CME開放興趣在過去幾個月中已大大下降，這表明機構交易活動的放緩。

Lately, the Bitcoin market has been seeing some notable adjustments in its price and key metrics even as volatility continues to overshadow the broader crypto market. With positive developments emerging in the market, bullish momentum appears to be building again as the price reclaims the $85,000 mark.

最近，即使波動性繼續掩蓋了更廣泛的加密貨幣市場，比特幣市場的價格和關鍵指標都在看到一些值得注意的調整。隨著市場上的積極發展，隨著價格回收85,000美元，看漲的勢頭似乎再次建立。

CME Open Interest Decline Hints At Consolidation Phase

CME開放興趣下降暗示合併階段

Bitcoin’s price is gaining traction due to growing bullish sentiment in the market. Prior to the renewed price shift toward the upside, BTC’s CME Open Interest has declined significantly in the past few months, indicating a slowdown in institutional trading activity.

由於市場上的看漲情緒，比特幣的價格越來越受到關注。在新的價格轉移到上升空間之前，BTC的CME開放興趣在過去幾個月中已大大下降，這表明機構交易活動的放緩。

Alphractal, an advanced investment and on-chain data platform highlighted that the recent drop in open interest is the largest that flagship asset has ever seen. This substantial decline indicates that traders may be adopting a cautious approach in light of ongoing market uncertainties and price fluctuations.

高級投資和鏈上數據平台的Alphractal強調，最近開放興趣的下降是旗艦資產有史以來最大的。這種大幅下降表明，鑑於持續的市場不確定性和價格波動，交易者可能會採取謹慎的方法。

A fall in open interest typically implies a shift in behavior, with some investors abandoning holdings. The development coincides with a renewed upward move, signaling that the market might be cooling off after a prolonged bearish performance.

出現公開利益通常意味著行為的轉變，一些投資者放棄了持股。該發展與更新的向上移動相吻合，這表明在持續的看跌期權後，市場可能正在降溫。

After examining the Bitcoin Open Interest Delta metric in the 90-day time frame, the platform noted that the drop is valued at around $10 billion. Such a notable value reflects the huge positions closed by institutional investors over the 3-month period.

在90天的時間範圍內檢查了比特幣開放式三角洲度量標準之後，該平台指出，下降的價值約為100億美元。如此明顯的價值反映了機構投資者在3個月期間關閉的巨大立場。

While the 90-day Open Interest Delta reveals a sharp drop, the 30-day Open Interest Delta seems to have stopped its descent. Furthermore, the Open Interest Delta in the 7-day time frame is now transitioning into positive territory.

雖然90天的開放興趣達美島（Delta）顯示出急劇下降，但30天的開放興趣增量似乎已經停止了下降。此外，在7天的時間範圍內，開放興趣達美島現在正在過渡到積極的領土。

In other words, the BTC CME data is still pessimistic in the medium term, while positions seem to be entering a consolidation phase in the short term. In this scenario, selling pressure is likely to reduce in the short term even though it is still present in the overall view.

換句話說，BTC CME數據在中期仍然是悲觀的，而在短期內似乎正在進入整合階段。在這種情況下，即使在整體視圖中仍然存在，銷售壓力也可能會在短期內減輕。

Thus far investors are monitoring the trend’s influence on BTC as prices move to challenge key resistance levels. This is because the market’s reaction to this drop in open interest could pave the way for Bitcoin’s next major move.

迄今為止，投資者正在監視趨勢對BTC的影響，因為價格轉向挑戰關鍵阻力水平。這是因為市場對這種開放興趣的反應可能為比特幣的下一個重大舉措鋪平道路。

New BTC Whales Are Entering The Market

新的BTC鯨進入市場

Recent data shows that new Bitcoin whales are entering the market in spite of the drop in open interest. Market expert Onchained revealed that wallet addresses holding at least 1,000 BTC are aggressively accumulating more coins, which signals strong confidence in its long-term prospects. This persistent buying reflects a rising demand for the asset among institutional and high-net-worth players.

最近的數據表明，儘管開放興趣下降，但新的比特幣鯨仍進入市場。市場專家Onchained透露，錢包在至少1,000 btc的情況下，在積累了更多的硬幣上，這表明了對其長期前景的強烈信心。這種持續的購買反映了機構和高淨值參與者對資產的需求不斷上升。

Over time, these holders have established themselves as some of the most significant players in the market with a total of 1 million BTC acquired since November 2024. Their accumulation rate has significantly increased as the whales purchased 200,000 BTC this month alone in recent weeks.

隨著時間的流逝，這些持有人已將自己確立為市場上一些最重要的參與者，自2024年11月以來，總共獲得了100萬BTC。由於鯨魚本月僅在最近幾週就購買了200,000 BTC，它們的累積率就顯著提高。