公牛與熊：新數據揭示了加密貨幣市場的深層分裂

市場智能平台Alphractal已發布了對當前交易位置如何塑造整個加密貨幣空間的價格動態的新深入研究。

The crypto market is currently in an interesting state of flux, with new data from market intelligence platform Alphractal offering a glimpse into how this division is impacting price dynamics.

加密市場目前處於有趣的狀態，來自市場情報平台的新數據Amphractal可以瞥見該部門如何影響價格動態。

The report, titled "Decoding the Market: A Tale of Two Fates," focuses on the Long/Short ratio—a key metric that measures whether traders are mostly buying (long) or selling (short) across major exchanges. The analysis reveals that the market is locked in an "ongoing war," with both sides applying pressure.

該報告的標題為“解碼市場：兩個命運的故事”，重點介紹了長/短比例，該報告是一個關鍵指標，該指標衡量了交易者是否主要是購買（長）或在主要交易所進行銷售（短）。分析表明，市場陷入了“正在進行的戰爭”中，雙方都施加壓力。

A surprising finding is the exceptionally low funding rates for the token MAGIC, despite strong bullish positioning. This disparity usually indicates that traders are being heavily charged for holding longs—a scenario that arises when a trade becomes crowded, increasing the potential for a sharp reversal.

一個令人驚訝的發現是，儘管看漲了強烈的位置，但令牌魔術的資金率異常低。這種差異通常表明交易者持有渴望的費用很大，這種情況是在交易變得擁擠時會產生的，從而增加了急劇逆轉的可能性。

Among the top 100 coins, Bitcoin, Ethereum, Binance Coin, and XRP are showing slight support for a bullish story, while others like FET, MOVE, and OM seem to be facing more short interest based on their funding rate trends.

在排名前100的硬幣中，比特幣，以太坊，二錢硬幣和XRP在對看漲的故事中表現出略有支持，而其他類似FET，Move和OM之類的其他人則根據其資金率趨勢而面臨更短暫的興趣。

Bitcoin, in particular, is currently in favorable territory—longs are increasing as the price rises, which supports a bullish setup. On the other hand, tokens like TRX and TON are seeing more short activity as their prices fall, which signals bearish momentum.

尤其是比特幣目前處於有利的領土上 - 隨著價格上漲，長時間正在增加，這支持了看漲的設置。另一方面，隨著價格下跌，Trx和Ton等代幣的活動更為短，這表明看跌勢頭。

However, the broader market picture remains mixed. Some assets are falling despite interest in the long side increasing, and some are rising as short positions increase. These contradicting signals, according to Alphractal, point to growing market uncertainty and highlight the need for careful planning and caution in the coming weeks.

但是，更廣泛的市場情況仍然混雜在一起。儘管有興趣，但有些資產仍在下降，而隨著職位短缺的增加，一些資產正在上升。根據Alphractal的說法，這些信號矛盾指出了市場不確定性的增長，並強調了在接下來的幾週內需要仔細計劃和謹慎的需求。