比特币（BTC）市场就像一座冰山，抄底者等待抢购比特币

目前，比特币（BTC）市场就像一座冰山，表面显示卖家占据主导地位，描绘出明显的看跌情绪

The bitcoin (BTC) market is currently displaying an interesting dynamic, with a seller dominance on the surface that might suggest a bearish sentiment. However, at deeper levels, bargain hunters are quietly waiting to snap up coins and potentially put a floor under prices.

比特币（BTC）市场目前呈现出一种有趣的动态，表面上卖方占主导地位，这可能暗示着看跌情绪。然而，在更深层次上，逢低买入者正在悄悄等待抢购代币，并可能为价格设定一个底线。

On the major spot and perpetual futures exchanges, the uptrend at the quote level, or the going market rate, has flipped to a downtrend. This indicates that more traders are willing to sell at the market price, according to data from Hyblock Capital.

在主要现货和永续期货交易所，报价水平或市场汇率的上升趋势已转变为下降趋势。 Hyblock Capital 的数据显示，这表明更多交易者愿意以市场价格出售。

The order book depth from quote level (0%) and 1% shows a similar pattern. Order book depth represents the combined value of buy and sell orders at specific levels (1%, 2%, 5%) from the ongoing market price. It shows the market's ability to absorb large orders at stable prices.

报价水平 (0%) 和 1% 的订单簿深度显示出类似的模式。订单簿深度代表当前市场价格在特定水平（1%、2%、5%）的买入和卖出订单的总价值。它显示了市场以稳定的价格吸收大订单的能力。

"At the quote level, there was an upward trend, which has now shifted to a downward trend, indicating a selling pressure, which is generally where market makers (MMs) operate. Between the quote level to 1%, the action is the same as the MMs," Hyblock Capital said in an analysis post on X.

“在报价水平上，之前是上升趋势，现在已经转变为下降趋势，表明存在抛售压力，这通常是做市商（MM）操作的地方。在报价水平到 1% 之间，动作是相同的作为 MM，”Hyblock Capital 在 X 上的一篇分析文章中说道。

This seller dominance at the quote level is hardly surprising, given the recent price action in BTC, which has seen the leading cryptocurrency decline from over $102,000 to $94,000 in days, mainly due to renewed U.S. inflation concerns. On Thursday, at one point, prices slipped as low as $92,500.

考虑到最近 BTC 的价格走势，卖方在报价水平上占据主导地位并不令人意外，主要由于美国通胀担忧再度抬头，导致这种领先的加密货币在几天内从 102,000 美元以上跌至 94,000 美元。周四，价格一度跌至 92,500 美元。

But the real story is the continued uptrend in market depth from 2% to 5%., which points to more bids relative to asks at price levels away from the going market rate. In other words, buyers are waiting to enter the market at those levels.

但真正的情况是市场深度从 2% 持续上升至 5%，这表明在远离当前市场价格的价格水平上，相对于要价的出价更多。换句话说，买家正在等待在这些水平上进入市场。

"Between 1% - 2% and 2% - 5% of the book, we see increased demand (more bids than asks over time)," Hyblock added.

“在这本书的 1% - 2% 和 2% - 5% 之间，我们看到需求增加（随着时间的推移，出价多于要价），”Hyblock 补充道。

Bitcoin changed hands at around $94,000 at press time, with traders awaiting Friday's U.S. nonfarm payrolls release to provide the next directional cue to risk assets.

截至发稿时，比特币以 94,000 美元左右易手，交易员等待周五美国非农就业数据公布，为风险资产提供下一个方向提示。