比特币（BTC）合并尽管交易数量下降信号鲸鱼购买蘸酱

比特币（BTC）于3月23日星期日以84,000美元的价格开业，扩大了合并阶段

Bitcoin (BTC) price opened trading at the $84,000 level on Sunday, March 23, extending its consolidation phase for three days. As the chart below shows, Bitcoin trading volumes have declined from 22,900 BTC traded on Binance on March 20 to just 5,420 BTC at the close of Saturday, March 22.

比特币（BTC）价格在3月23日星期日的84,000美元水平开盘，延长了三天的合并阶段。如下图所示，比特币交易量已从3月20日在Binance的22,900 BTC下降到3月22日星期六结束时仅5,420 BTC。

As an asset’s price consolidates at a critical support level despite a persistent decline in trading volume, it often signals bullish undertones. This suggests that large Bitcoin investors, also known as whales, have been executing significant transactions, counteracting the impact of retail traders’ inactivity.

尽管交易量的持续下降，但由于资产的价格在关键支持水平上巩固，它通常标志着Bullish Undertones。这表明，大型比特币投资者（也称为鲸鱼）一直在执行重大交易，抵消了零售商人不活动的影响。

Moreover, high-frequency traders typically prefer volatile conditions, and Bitcoin’s flat price action within a narrow 1% range does not offer wide profit margins.

此外，高频交易者通常更喜欢波动的条件，而比特币在狭窄1％范围内的统一价格行动并不能提供较大的利润率。

Thus, this low-volatility market environment allows whales to sidestep OTC fees and execute large-volume buys on BTC spot markets without causing significant price fluctuations. These factors explain why BTC has held steady around $84,000 despite a 75% decline in Bitcoin trading volumes over the past few days.

因此，这种低挥发性的市场环境使鲸鱼能够避开OTC费用，并在BTC现货市场上进行大规模购买，而不会引起大量价格波动。这些因素解释了为什么BTC在过去几天中比特币交易量下降了75％，而BTC仍保持稳定量约为84,000美元。

Bitcoin derivatives market data from Coinglass reveals that open interest has dipped 1.77% to $51.98 billion, while options open interest has also declined slightly by 0.54% to $33.51 billion. Across all major metrics, Coinglass data highlights a prevailing bearish sentiment, with a significant 79.28% drop in options volume, indicating reduced speculative activity.

来自Coinglass的比特币衍生品市场数据表明，开放利息已下跌1.77％至519.8亿美元，而期权开放兴趣也略有下降0.54％，至335.1亿美元。在所有主要指标中，Coinglass Data都强调了一种普遍的看跌情绪，期权量下降了79.28％，表明投机活动减少。

Despite this, the long-short ratio remains near neutral at 0.9589 for the past 24 hours, with Binance and OKX showing a higher tilt toward long positions. This suggests that while open interest has declined, existing traders are still positioning for potential upward movement.

尽管如此，在过去的24小时内，长短比率保持在0.9589的中性，binance和OKX显示出更高的倾斜度朝向长位置。这表明，尽管开放兴趣下降了，但现有的交易者仍在定位潜在的向上移动。

Liquidations data further supports the bottom formation narrative. Over the last 12 hours, $4.63 million in liquidations occurred, with shorts accounting for $806.59K—significantly more than long liquidations. This indicates that downward momentum is being absorbed by bullish traders.

清算数据进一步支持底层的叙述。在过去的12个小时中，发生了463万美元的清算，短裤占806.59万美元，比长时间清算的重要性多。这表明向下势头被看涨的商人吸收。

The current environment suggests that BTC price may be nearing a local bottom after three days in retreat. A decisive move above $85,000 would validate the bullish thesis, while failure to hold $83,500 could invite further downside exploration. Traders should watch derivatives volume recovery and long-short ratio fluctuations for confirmation of the next major move.

当前的环境表明，在撤退三天后，BTC价格可能接近本地底部。一项决定性的举动超过85,000美元将验证看涨论文，而未能持有83,500美元的$ 83,500可以邀请进一步的下行探索。贸易商应观察衍生工具量的回收率和长期比率波动，以确认下一个重大行动。

Bitcoin Technical Analysis Today: BTC to Remain Range Bound Within $88,000 – $83,265

今天的比特币技术分析：BTC保持范围在88,000美元以内 - $ 83,265

Ranging between $83,265 and $88,000, Bitcoin price continues to be subject to conflicting signals from spot and derivatives markets, suggesting a prolonged consolidation phase. However, sustained consolidation could also indicate a period of market indecision.

比特币价格在83,265美元至88,000美元之间，继续受到现货和衍生品市场的信号冲突，这表明合并阶段延长。但是，持续的合并也可能表明一段时间内的犹豫不决。

As the chart below shows, BTC needs to break out decisively from the $88,000 to $83,900 range before a clear directional trend emerges. The Fibonacci retracement levels highlight immediate support at $83,265, whereas resistance is pending at $86,363.22. A breach above this level could see BTC retest the $88,866.76 resistance, signaling a bullish continuation.

如下图所示，在明显的方向趋势出现之前，BTC需要果断地从88,000美元到83,900美元。斐波那契回答级别以83,265美元的价格强调了立即的支持，而阻力为86,363.22美元。高于此级别的违规行为可能会使BTC重新测试了$ 88,866.76的抵抗，这表明看涨了看涨的延续。

However, the lower histogram bars indicate waning trading volume, suggesting weakening momentum and raising the risk of a bearish breakdown. If sellers take control, Bitcoin could drop below $83,265, exposing the next key support at $78,258.52. The red-shaded liquidity zones above $91,000 highlight potential supply zones where selling pressure could intensify.

但是，较低的直方图杆表明交易量减弱，表明势头减弱并增加了看跌损失的风险。如果卖家控制了控制，比特币可能会降至83,265美元以下，将下一个钥匙支持的价格低于$ 78,258.52。红色阴影的流动性区超过91,000美元，突出了销售压力可能会加剧的潜在供应区。

Until a breakout occurs, Bitcoin’s sideways movement suggests traders remain cautious, awaiting confirmation of a trend shift.

在突破之前，比特币的侧向运动表明，交易者保持谨慎，等待确认趋势转变。