比特幣（BTC）價格幻燈片低於$ 75,000，期貨開放興趣（OI）下跌

領先的硬幣比特幣已滑低於$ 75,000。截至撰寫本文時，它的交易價格約為74,800美元，這是2024年11月的最後水平。

The leading coin, Bitcoin, has slipped below the $75,000 mark. As of press time, it is trading at around $74,800, the levels last seen during November 2024.

領先的硬幣比特幣已滑低於$ 75,000。截至發稿時，它的交易價格約為74,800美元，這是2024年11月的最後水平。

The asset is down 7% on the day, while trading volume has surged over 200%, signaling intense selling pressure. With a strengthening bearish bias, the leading crypto might be setting on recording new lows in the near term.

當天的資產下降了7％，而交易量飆升了200％以上，表明銷售壓力很大。隨著看跌的加強，領先的加密貨幣可能會在短期內錄製新的低點。

This bearish wave in BTC’s market is reflected in the coin’s falling futures open interest (OI), which points to traders closing positions and exiting the market. At press time, this stands at $51.88 billion, plummeting 1% over the past 24 hours.

BTC市場中的看跌波浪反映在硬幣的下降期貨開放興趣（OI）中，這表明交易者關閉位置並退出市場。發稿時，這是518.8億美元，在過去的24小時內下降了1％。

BTC’s futures OI measures the total number of active futures contracts that have not been settled or closed. When it falls like this, it usually indicates that traders are closing out positions—either taking profits or cutting losses—rather than opening new ones.

BTC的期貨OI衡量尚未解決或關閉的活動期貨合約的總數。當這樣跌倒時，通常表明交易者正在結束職位（無論是利潤還是減少損失），而不是打開新的職位。

This decline signals reduced market participation and waning confidence in the possibility of any short-term price rebound.

這種下降的信號減少了市場參與，並減少了對任何短期價格反彈的可能性的信心。

However, despite the sharp decline, market sentiment remains surprisingly resilient. BTC’s steady positive funding rate, currently at 0.0060%, reflects this.

但是，儘管下降了急劇下降，但市場情緒仍然令人驚訝地彈性。 BTC穩定的正籌資率目前為0.0060％，反映了這一點。

The funding rate is a periodic payment between long and short traders in perpetual futures contracts designed to keep prices in line with the spot market. A positive funding rate means traders holding long positions are paying those with shorts, indicating that more traders are betting on prices going up.

資金率是永久交易者在永久期貨合約中的定期付款，旨在使價格保持一致。積極的資金率意味著持有長期頭寸的交易者正在向那些短褲支付，這表明越來越多的交易者押注價格上漲。

This trend reflects the dominance of bullish sentiment among many BTC holders in the market, even as the coin’s prices are temporarily falling.

這種趨勢反映了市場上許多BTC持有人的看漲情緒的主導地位，即使硬幣的價格暫時下跌。

Options Traders Brace for More Downside

期權交易者支撐更多缺點

Data from the options market confirms the spike in selling pressure among traders. According to Deribit, there are currently more open put contracts than calls. This is a clear sign that investor confidence in a short-term Bitcoin rebound continues to fade.

期權市場的數據證實了交易者銷售壓力的激增。根據Deribit的說法，目前有更多的公開合同比呼叫更多。這清楚地表明，投資者對短期比特幣反彈的信心繼續消失。

It can be said that this mix of signals—bullish funding rates, bearish options positioning, and falling OI— points to one thing. It highlights a market in conflict, where sentiment is split and uncertainty reigns. Hence, caution is advised.

可以說，這種信號的混合物（剩餘的融資率，看跌期權定位和下降）指出了一件事。它突出了衝突中的一個市場，在這種衝突中，情緒被分裂和不確定性統治。因此，建議謹慎。