BNB 前景黯淡：負融資利率和看跌情緒暗示經濟低迷迫在眉睫

由於加密貨幣市場仍在不斷變化，幣安幣（BNB）因其期貨市場的負融資利率而受到密切關注。這表明空頭頭寸增加，表明交易者預計 BNB 價值會下跌。現貨市場指標也與這種情緒相符，顯示拋售壓力和潛在的下行軌跡。

BNB's Gloomy Future: Negative Funding Rates and Bearish Sentiment Signal Potential Downturn

BNB前景黯淡：負資金利率和看跌情緒預示著潛在的低迷

As the second quarter of 2023 unfolds, the futures market for Binance Coin (BNB) presents a stark picture of bearish sentiment, with traders overwhelmingly betting against the asset's price. This downtrend is undeniably reflected in the plunge of BNB's funding rates across multiple cryptocurrency exchanges, an insight gleaned from an in-depth analysis of Coinglass data.

隨著 2023 年第二季的到來，幣安幣 (BNB) 的期貨市場呈現明顯的看跌情緒，交易者絕大多數做空該資產的價格。這種下降趨勢無可否認地反映在多個加密貨幣交易所的 BNB 融資利率暴跌中，這是透過對 Coinglass 數據的深入分析得出的結論。

Funding rates play a pivotal role in perpetual futures contracts, serving as a mechanism to align contract price with spot price. However, the recent downturn has witnessed BNB's funding rates plummeting into negative territory, a clear indication of a surge in short positions among traders. Negative funding rates suggest that traders anticipate a downward trajectory for the asset's price.

資金費率在永續合約中發揮關鍵作用，是合約價格與現貨價格保持一致的機制。然而，最近的經濟低迷見證了 BNB 的融資利率暴跌至負值，這清楚地表明交易者的空頭部位激增。負資金利率表示交易者預期資產價格將呈下降趨勢。

On April 1st, BNB's funding rates reached a negative value of -0.013%, emphasizing the prevailing bearish trend. The month has also seen a modest decline in BNB's futures open interest, signaling a shift towards closing positions rather than opening new ones, further reinforcing the negative sentiment.

4 月 1 日，BNB 的資金利率達到-0.013%的負值，凸顯了當前的看跌趨勢。本月 BNB 期貨未平倉合約也小幅下降，顯示其轉向平倉而不是開立新倉，進一步加劇了負面情緒。

The spot market for BNB mirrors this bearish outlook, with key indicators on the 1-day chart echoing the same pessimistic tone. The Directional Movement Index (DMI) reveals the positive directional index (green) resting below the negative index (red), indicating a tilt towards selling pressure.

BNB 現貨市場反映了這種看跌前景，1 日圖表上的關鍵指標也呼應了同樣的悲觀基調。方向運動指數 (DMI) 顯示正向指數（綠色）位於負向指數（紅色）下方，表示有拋售壓力。

The combination of negative funding rates, declining open interest in the futures market, and bearish indicators in the spot market paints a clear picture of traders bracing themselves for a potential drawdown in BNB's value.

負資金利率、期貨市場未平倉合約下降以及現貨市場看跌指標的結合，清楚地描繪了交易者為 BNB 價值潛在下跌做好準備的情況。

BNB's bearish undertones serve as a barometer for broader market trends, with investors closely monitoring these developments for potential trading opportunities. In the ever-evolving landscape of cryptocurrency markets, staying attuned to such indicators becomes crucial for informed decision-making.

BNB 的看跌基調是更廣泛市場趨勢的晴雨表，投資者密切關注這些發展，尋找潛在的交易機會。在不斷變化的加密貨幣市場格局中，關注這些指標對於做出明智的決策至關重要。

Amidst the fluctuating cryptocurrency markets, Binance Coin (BNB) has emerged as a focal point, with traders taking positions that reflect a pessimistic outlook. The futures market's negative funding rates, coupled with a reduction in open interest, point towards an anticipation of a decline in BNB's value.

在波動的加密貨幣市場中，幣安幣（BNB）已成為焦點，交易者的持股反映了悲觀的前景。期貨市場的負融資利率，加上未平倉合約的減少，顯示人們預期 BNB 價值會下跌。

On April 1st, BNB recorded a negative funding rate of -0.013%, further corroborating the bearish sentiment. Moreover, the month has witnessed a marginal decline in BNB's futures open interest, indicating a potential exodus of traders from existing positions. This decline in open interest underscores the growing pessimism surrounding BNB's short-term prospects, with traders anticipating a downturn in its value.

4月1日，BNB錄得-0.013%的負資金利率，進一步印證了看跌情緒。此外，本月 BNB 期貨未平倉合約略有下降，顯示交易者可能會從現有部位撤離。未平倉合約的下降凸顯了圍繞 BNB 短期前景日益悲觀的情緒，交易員預計其價值將會下跌。

The challenges for BNB extend beyond the futures market, with spot market indicators also painting a bleak picture. A closer examination of BNB's key indicators on a 1-day chart reveals a discernible bearish trend. Notably, readings from its Directional Movement Index (DMI) depict the positive directional index (green) languishing below the negative index (red) at present, signaling a prevailing downward momentum.

BNB 面臨的挑戰不僅限於期貨市場，現貨市場指標也描繪出黯淡的景象。仔細檢查 BNB 1 日圖表上的關鍵指標，可以發現明顯的看跌趨勢。值得注意的是，其方向運動指數（DMI）的讀數顯示，正方向指數（綠色）目前正低於負指數（紅色），顯示普遍存在下行勢頭。

In summary, Binance Coin (BNB) finds itself entrenched in a bearish storm, with negative funding rates and declining open interest casting a shadow over its short-term prospects. Traders navigating the volatile cryptocurrency markets must remain vigilant amidst these challenging conditions, adapting their strategies to navigate the prevailing market dynamics.

總而言之，幣安幣（BNB）發現自己陷入了看跌風暴，負資金利率和未平倉合約下降為其短期前景蒙上了陰影。在動盪的加密貨幣市場中航行的交易者必須在這些充滿挑戰的條件下保持警惕，調整策略以應對當前的市場動態。