比特币 (BTC) 未平仓合约 (OI) 飙升至 $40B，为 2024 年最高水平

比特币期货市场的未平仓合约 (OI) 已飙升至 400 亿美元，为 2024 年的最高水平。这一上升表明 BTC 正处于关键阶段。

Rising Bitcoin Open Interest Poises BTC for Next Price Move

比特币未平仓量的增加为比特币的下一次价格走势做好了准备

Rising Bitcoin Open Interest Poises BTC for Next Price Move

比特币未平仓量的增加为比特币的下一次价格走势做好了准备

Bitcoin [BTC] Open Interest (OI) across futures markets has surged to $40 billion, reaching its highest level in 2024. This rise in OI suggests that BTC is in a crucial phase, with market participants positioning themselves for possible price moves.

比特币 [BTC] 期货市场的未平仓合约 (OI) 已飙升至 400 亿美元，达到 2024 年的最高水平。 OI 的上升表明 BTC 正处于关键阶段，市场参与者为可能的价格变动做好了准备。

Moreover, metrics like funding rates and price action offer deeper insights into broader market sentiment and potential future trends.

此外，融资利率和价格走势等指标可以更深入地洞察更广泛的市场情绪和潜在的未来趋势。

Bitcoin’s price action and Open Interest surge

比特币的价格走势和未平仓合约激增

Bitcoin’s price has been on a consistent upward trend, and it is currently trading at $67,578, with a significant rise in Open Interest across various exchanges.

比特币的价格一直处于持续上涨趋势，目前交易价格为 67,578 美元，各交易所的未平仓合约大幅增加。

Since early October, BTC has been riding a wave of bullish momentum, supported by strong market sentiment. The 50-day moving average, currently at $62,120, has acted as a firm support, pushing the price toward its present levels.

自10月初以来，在市场情绪强劲的支撑下，BTC迎来一波看涨势头。目前位于 62,120 美元的 50 日移动平均线起到了坚实的支撑作用，将价格推向目前的水平。

A technical glance at the price chart reveals that Bitcoin’s price has been trading within a rising channel, with the lower trendline providing support at around $58,000.

从价格图表的技术角度来看，比特币的价格一直在上升通道内交易，较低的趋势线在 58,000 美元左右提供支撑。

However, as the price ascends, it encounters resistance at the upper trendline, which was breached recently, leading to a potential price surge.

然而，随着价格上涨，它在上方趋势线遇到阻力，该阻力最近被突破，导致价格潜在上涨。

Relative Strength Index (RSI) on the 4-hour chart adds to the bullish narrative, with a reading of 62.18, indicating that Bitcoin is in a bullish phase but still has room to grow before becoming overbought.

4 小时图表上的相对强度指数 (RSI) 增加了看涨的叙述，读数为 62.18，表明比特币处于看涨阶段，但在超买之前仍有增长空间。

Additionally, the Chaikin Money Flow (CMF) is also positive at 0.12, highlighting sustained buying pressure and strong inflows into Bitcoin.

此外，Chaikin 资金流量 (CMF) 也为 0.12，凸显出持续的购买压力和大量资金流入比特币。

This surge in Open Interest, according to data from Glassnode, suggests that traders are opening more leveraged positions, anticipating further upward momentum or a significant upcoming price movement.

Glassnode 的数据显示，未平仓量的激增表明交易者正在开立更多杠杆头寸，预计价格将进一步上涨或即将出现重大波动。

Historically, a spike in OI is often a precursor to heightened volatility as traders prepare for substantial market changes.

从历史上看，当交易者为巨大的市场变化做准备时，持仓上涨往往是波动性加剧的先兆。

Bitcoin funding rates show bullish sentiment

比特币融资利率显示看涨情绪

An analysis of Bitcoin’s funding rates across exchanges reveals consistently positive rates. This indicates that traders holding long positions are paying a premium to those holding short positions, further signaling bullish market sentiment.

对各交易所比特币融资利率的分析显示，利率始终为正。这表明持有多头头寸的交易者比持有空头头寸的交易者支付溢价，进一步表明看涨的市场情绪。

However, while positive funding rates suggest optimism, they also come with a warning. Prolonged high funding rates can lead to overleveraged conditions, increasing the risk of long liquidations if the price suddenly corrects.

然而，尽管积极的融资利率表明乐观情绪，但也带有警告。长期的高融资利率可能会导致过度杠杆化，如果价格突然调整，就会增加多头清算的风险。

Since early October, funding rates have spiked alongside price increases, suggesting that while the market is bullish, it could be nearing resistance or profit-taking points.

自 10 月初以来，融资利率随着价格上涨而飙升，这表明尽管市场看涨，但它可能正在接近阻力位或获利了结点。

OI and volatility signals ahead

OI 和波动性信号

The surge in Open Interest and sustained positive funding rates reflect growing optimism in the Bitcoin market. However, with OI reaching $40 billion, traders should prepare for potential volatility.

未平仓合约的激增和持续的正融资利率反映了比特币市场日益乐观的情绪。然而，随着 OI 达到 400 亿美元，交易者应该为潜在的波动做好准备。

The Average True Range (ATR), currently around 96.16, indicates growing volatility, which could lead to sharp price swings in either direction.

平均真实波动范围 (ATR) 目前约为 96.16，表明波动性不断加大，这可能导致价格朝任一方向大幅波动。

Another price surge could follow if Bitcoin can maintain its current trajectory and break through key resistance levels near $68,000.

如果比特币能够维持目前的轨迹并突破 68,000 美元附近的关键阻力位，那么价格可能会再次上涨。

However, the high OI and elevated funding rates also mean a potential price correction is on the horizon, particularly if long positions get liquidated during a price drop. This sets the stage for a possible shake-up, making it essential for traders to stay vigilant in the coming days.

然而，高持仓量和较高的融资利率也意味着潜在的价格调整即将到来，特别是如果多头头寸在价格下跌期间被清算的话。这为可能的重组奠定了基础，因此交易者在未来几天必须保持警惕。