比特幣市場在看跌情緒中迎接潛在的暴跌

選擇權數據顯示看跌前景，比特幣交易員預期價格可能會進一步下跌。看跌期權數量超過看漲期權，表明交易者預計價格會下跌，執行價格集中在 50,000 美元和 45,000 美元左右。加密貨幣主要經紀商 FalconX 將市場調整歸因於灰階比特幣信託基金的資金流出，而分析師指出，與股票和特定產品資金流出的相關性減弱，導致比特幣走低。

Bitcoin Market Braces for Potential Price Decline Amid Bearish Sentiment

比特幣市場在看跌情緒中迎接潛在的價格下跌

According to Deribit, a leading crypto options exchange, Bitcoin traders are preparing for a possible extended decline in the token's price, with options data suggesting a bearish outlook in the near term.

根據領先的加密期權交易所 Deribit 的說法，比特幣交易者正在為代幣價格可能進一步下跌做好準備，期權數據表明近期前景看跌。

In the past 24 hours, the volume of Bitcoin put options expiring on March 29 has surpassed that of call options. This shift in the put-to-call ratio, a crucial indicator of market sentiment, signals that traders are anticipating a potential drop in Bitcoin's value. On the platform, the strike prices of these put options are concentrated around $50,000 and $45,000, while Bitcoin was trading at approximately $63,500 on Friday.

過去24小時內，3月29日到期的比特幣賣權交易量已超過買權交易量。看跌期權與看漲期權比率的這種變化是市場情緒的關鍵指標，表明交易者預計比特幣的價值可能會下跌。在該平台上，這些看跌期權的執行價格集中在 50,000 美元和 45,000 美元左右，而比特幣週五的交易價格約為 63,500 美元。

The market correction is attributed to substantial outflows from the Grayscale Bitcoin Trust (GBTC), according to David Lawant, head of research at crypto prime broker FalconX. "Yesterday's spot ETF net inflows data revealed the second four-day outflow streak since these products began on January 11," Lawant told Bloomberg.

加密貨幣主要經紀商 FalconX 研究主管 David Lawant 表示，市場調整歸因於灰階比特幣信託基金 (GBTC) 的大量資金外流。 Lawant 告訴彭博：“昨天的現貨 ETF 淨流入數據顯示，自 1 月 11 日這些產品開始以來，第二個連續四天的資金流出。”

The downturn in Bitcoin's price contrasts with the recent upswing in the stock market, where traders are more upbeat about the Federal Reserve potentially cutting interest rates this year. Bitcoin has fallen by over 10% from its all-time high, marking one of the year's most significant declines, as the group of ten spot Bitcoin ETFs is set to record its highest outflow since launch. Over $218 million in optimistic bets were liquidated in the past 24 hours, according to data from Coinglass.

比特幣價格的低迷與近期股市的上漲形成鮮明對比，交易員對聯準會今年可能降息的可能性更加樂觀。比特幣已從歷史高點下跌超過 10%，這是今年最顯著的跌幅之一，十隻現貨比特幣 ETF 預計將創下自推出以來的最高流出量。 Coinglass 的數據顯示，在過去 24 小時內，超過 2.18 億美元的樂觀押注被清算。

Chris Newhouse, a DeFi analyst at Cumberland Labs, explained to Bloomberg that while digital assets initially reacted positively to macro tailwinds surrounding the Federal Open Market Committee (FOMC) meeting, a diminishing correlation to equities, fueled by product-specific outflows and liquidations, appears to have dragged Bitcoin and Ethereum lower.

Cumberland Labs 的DeFi 分析師Chris Newhouse 向彭博社解釋說，雖然數位資產最初對聯邦公開市場委員會(FOMC) 會議的宏觀利好反應積極，但在特定產品的資金外流和清算的推動下，與股票的相關性似乎正在減弱。拖累比特幣和以太坊走低。

The funding rates for perpetual futures, which reveal the extent of leverage in crypto trading, continue to be relatively modest following recent waves of liquidations. This indicates that the current decline in Bitcoin's price may be less abrupt than previous pullbacks. However, the high degree of leverage in long positions exacerbated Bitcoin's decline on Monday, with over $582 million in long liquidations and a total liquidation of more than $738 million.

在最近的清算浪潮之後，永續期貨的融資利率繼續相對較低，該利率揭示了加密貨幣交易中的槓桿程度。這表明當前比特幣價格的下跌可能沒有先前的回調那麼突然。然而，多頭部位的高槓桿加劇了比特幣週一的跌勢，多頭清算金額超過 5.82 億美元，總清算金額超過 7.38 億美元。

Despite the existing bearish sentiment in the options market and the recent price drop, certain analysts remain bullish regarding Bitcoin's long-term prospects. A recent report by Bernstein claims that Bitcoin could be positioned for significant gains by the year's end, with a price objective of $90,000.

儘管期權市場存在看跌情緒並且最近價格下跌，但某些分析師仍然看好比特幣的長期前景。 Bernstein 最近的一份報告稱，比特幣可能會在年底前大幅上漲，目標價為 9 萬美元。

The analysts also consider Bitcoin miners to be enticing investments for equity investors, highlighting factors like the new Bitcoin bull cycle and strong exchange-traded fund (ETF) inflows.

分析師也認為，比特幣礦商對股票投資者來說是有吸引力的投資，強調了新的比特幣牛市週期和強勁的交易所交易基金（ETF）流入等因素。