8 月 17 日比特币 (BTC) 价格分析：BTC 市场可能会维持目前的看跌形态

到目前为止，比特币 (BTC) 的 8 月份基本上平安无事，这种顶级加密货币一直在努力恢复 65,000 美元的价格

CryptoQuant analyst XBTManager has shared some interesting revelations regarding the state of the BTC market. According to the analyst, the BTC market is still showing signs of bearishness.

CryptoQuant 分析师 XBTManager 分享了一些有关 BTC 市场状况的有趣启示。分析师表示，BTC市场仍呈现看跌迹象。

On August 16, XBTManager reported that Bitcoin’s Spot-Perpetual Price Gap, as tracked on the Binance exchange, is continually in a negative form indicating that the asset may record more price loss due to a sustained selling pressure.

8 月 16 日，XBTManager 报告称，币安交易所追踪的比特币现货与永续价格差距持续呈负值，表明该资产可能因持续的抛售压力而录得更多价格损失。

To understand this better, a Spot-Perpetual Price gap occurs when there is a difference between the valuation of Bitcoin on the spot market which deals with the asset’s actual price, and on the perpetual markets which allow traders to deal in speculations of the Bitcoin’s future price.

为了更好地理解这一点，当处理资产实际价格的现货市场上的比特币估值与允许交易者进行比特币未来投机交易的永续市场上的比特币估值存在差异时，就会出现现货永续价格差距价格。

When the perpetual price is lower than the spot price as in the current case of Bitcoin, it indicates traders are massively offloading the asset in the perpetual futures market as they believe there could be an incoming price fall.

当永续价格低于现货价格（就像目前比特币的情况一样）时，这表明交易者正在永续期货市场上大量抛售资产，因为他们认为价格可能会下跌。

This usually leads to a scenario where traders sell their assets at a lower price in the perpetual futures market and buy it at a higher price in the spot market to take advantage of the arbitrage and make a profit.

这通常会导致交易者在永续合约市场以较低价格出售资产，并在现货市场以较高价格购买资产，以利用套利获利。

However, in this case, since the perpetual price is lower than the spot price, traders will sell their assets at a higher price in the perpetual futures and buy it at a lower price in the spot market.

然而，在这种情况下，由于永续价格低于现货价格，交易者会在永续期货中以较高的价格出售资产，并在现货市场以较低的价格买入。

As a result of such a reaction, deep liquidation hunts might occur i.e. where a large number of leverage positions are forcefully closed down, leading to a larger negative Spot-Perpetual Gap, and increased selling activity.

这种反应的结果是，可能会发生深度清算追捕，即大量杠杆头寸被强制平仓，导致现货永续缺口更大，并增加抛售活动。

But XBTManager has also highlighted a potential positive for Bitcoin in this uncanny situation. The analyst states that high selling pressure will likely result in an accumulation of multiple short portions on Bitcoin.

但 XBTManager 也强调了比特币在这种不可思议的情况下的潜在积极作用。该分析师表示，高抛售压力可能会导致比特币多个空头部分的积累。

Therefore, the instance of a sudden price gain might force these positions to close leading to some significant buying activity that could reduce the current negative Spot-Perpetual Price gap.

因此，价格突然上涨的情况可能会迫使这些头寸平仓，从而导致一些重大的购买活动，从而减少当前现货与永续价格的负差距。

BTC Price Overview

比特币价格概览

At the time of writing, BTC trades at $58,981 with a 2.28% gain in the past day. However, the token’s daily trading volume is down by 16.37% and is valued at $29.5 billion. On larger time frames, BTC also remains in the red zone with a loss of 2.92% and 8.76% over the last seven and thirty days respectively.

截至撰写本文时，BTC 交易价格为 58,981 美元，过去一天上涨了 2.28%。然而，该代币的日交易量下降了 16.37%，估值为 295 亿美元。在更大的时间范围内，BTC 也仍处于红色区域，过去 7 天和 30 天分别下跌 2.92% 和 8.76%。