比特幣現貨-永久缺口跌至 - 59 美元 – 接下來怎麼辦？

聯準會公開考慮2025年減少降息，對金融市場造成許多負面影響。

The US Federal Reserve’s public consideration of reduced interest rate cuts in 2025 had several negative effects on financial markets.

聯準會公開考慮在 2025 年減少降息，這對金融市場產生了一些負面影響。

In addition to a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap.

除了比特幣價格下跌 17% 外，幣安交易所的數據顯示，比特幣市場目前已形成最大的現貨與永續價格差距。

Bitcoin Spot-Perpetual Gap Falls To -$59 – What Next?

比特幣現貨-永久缺口跌至 - 59 美元 – 接下來怎麼辦？

Last week, the Fed announced the potential reductions of its originally planned four rate cuts in 2025 to two triggered a wide-scale selloff in the global financial markets.

上週，聯準會宣布可能將原計劃2025年的四次降息削減至兩次，引發全球金融市場大規模拋售。

As the total crypto market cap dipped by 17.4%, over $1.8 trillion was lost in the stock market on a single day as investors looked to offload the risky assets in their portfolio, representing the worst daily decline since March 2020.

隨著加密貨幣總市值下跌 17.4%，由於投資者尋求拋售投資組合中的風險資產，股市單日損失超過 1.8 兆美元，這是自 2020 年 3 月以來最嚴重的單日跌幅。

For the Bitcoin market, CryptoQuant analyst Darkfost reports a notable increase in selling pressure from the derivatives market, resulting in a spot-perpetual price gap of -$59.14, the largest ever in BTC history.

對於比特幣市場，CryptoQuant 分析師 Darkfost 報告稱，衍生性商品市場的拋售壓力顯著增加，導致現貨與永續價格差距達到 - 59.14 美元，這是 BTC 歷史上最大的差距。

For context, the spot-perpetual price gap represents the difference between the price of a cryptocurrency on the spot market (where an asset is traded directly) and its perpetual futures price (contracts that speculate on an asset’s future value without expiry).

就上下文而言，現貨與永續價格差距代表了現貨市場（資產直接交易）上的加密貨幣價格與其永續期貨價格（推測資產未來價值而無到期日的合約）之間的差異。

A negative gap means perpetual futures are trading at a lower price than the spot market indicating bearish sentiment in the derivatives market.

負缺口意味著永續期貨的交易價格低於現貨市場，顯示衍生性商品市場的看跌情緒。

Therefore, the current highly negative spot-perpetual price gap of -$59.14 suggests derivatives traders expect a short-term decline in Bitcoin’s price.

因此，目前現貨與永續合約的大幅負價差為 - 59.14 美元，這表明衍生性商品交易商預計比特幣價格將短期下跌。

However, Darkfost notes that spot-perpetual price gaps are historically likely to reverse as markets stabilize.

然而，Darkfost 指出，從歷史上看，隨著市場穩定，現貨與永續合約的價格差距可能會逆轉。

Therefore, extremely negative gaps such as that currently presented are often good buying opportunities as markets tend to overreact during periods of heightened uncertainty before recovery occurs.

因此，目前出現的極端負缺口往往是良好的買入機會，因為市場在復甦之前的不確定性加劇期間往往會反應過度。

BTC Investors Record Over $5.72 Billion Profit Amid Price Decline

BTC 投資者在價格下跌期間獲利超過 57.2 億美元

In other news, crypto analyst Ali Martinez reports that the Bitcoin market witnessed over $5.72 billion in realized profit during the recent market crash.

在其他新聞中，加密貨幣分析師 Ali Martinez 報告稱，在最近的市場崩盤期間，比特幣市場的利潤超過 57.2 億美元。

This indicates that a significant portion of Bitcoin holders were in profit ahead of the price correction, which triggered profit-taking.

這表明很大一部分比特幣持有者在價格調整之前獲利，引發了獲利了結。

While large realized profits can signal a cautious or bearish short-term sentiment, they also suggest that bitcoin’s earlier price rally was substantial enough to benefit many investors who believe in a strong bullish structure that is sustainable in the long term.

雖然巨額已實現利潤可能預示著謹慎或看跌的短期情緒，但它們也表明比特幣早期的價格上漲足以讓許多相信長期可持續的強勁看漲結構的投資者受益。

At the time of writing, Bitcoin is valued at $97,182 with a 0.83% gain in the past day. However, the asset’s trading volume is down by $50.28% and valued at $54.23 billion.

截至撰寫本文時，比特幣價格為 97,182 美元，過去一天上漲了 0.83%。然而，該資產的交易量下降了 50.28%，價值為 542.3 億美元。