比特币（BTC）价格幻灯片低于$ 75,000，期货开放兴趣（OI）下跌

领先的硬币比特币已滑低于$ 75,000。截至撰写本文时，它的交易价格约为74,800美元，这是2024年11月的最后水平。

The leading coin, Bitcoin, has slipped below the $75,000 mark. As of press time, it is trading at around $74,800, the levels last seen during November 2024.

领先的硬币比特币已滑低于$ 75,000。截至发稿时，它的交易价格约为74,800美元，这是2024年11月的最后水平。

The asset is down 7% on the day, while trading volume has surged over 200%, signaling intense selling pressure. With a strengthening bearish bias, the leading crypto might be setting on recording new lows in the near term.

当天的资产下降了7％，而交易量飙升了200％以上，表明销售压力很大。随着看跌的加强，领先的加密货币可能会在短期内录制新的低点。

This bearish wave in BTC’s market is reflected in the coin’s falling futures open interest (OI), which points to traders closing positions and exiting the market. At press time, this stands at $51.88 billion, plummeting 1% over the past 24 hours.

BTC市场中的看跌波浪反映在硬币的下降期货开放兴趣（OI）中，这表明交易者关闭位置并退出市场。发稿时，这是518.8亿美元，在过去的24小时内下降了1％。

BTC’s futures OI measures the total number of active futures contracts that have not been settled or closed. When it falls like this, it usually indicates that traders are closing out positions—either taking profits or cutting losses—rather than opening new ones.

BTC的期货OI衡量尚未解决或关闭的活动期货合约的总数。当这样跌倒时，通常表明交易者正在结束职位（无论是利润还是减少损失），而不是打开新的职位。

This decline signals reduced market participation and waning confidence in the possibility of any short-term price rebound.

这种下降的信号减少了市场参与，并减少了对任何短期价格反弹的可能性的信心。

However, despite the sharp decline, market sentiment remains surprisingly resilient. BTC’s steady positive funding rate, currently at 0.0060%, reflects this.

但是，尽管下降了急剧下降，但市场情绪仍然令人惊讶地弹性。 BTC稳定的正筹资率目前为0.0060％，反映了这一点。

The funding rate is a periodic payment between long and short traders in perpetual futures contracts designed to keep prices in line with the spot market. A positive funding rate means traders holding long positions are paying those with shorts, indicating that more traders are betting on prices going up.

资金率是永久交易者在永久期货合约中的定期付款，旨在使价格保持一致。积极的资金率意味着持有长期头寸的交易者正在向那些短裤支付，这表明越来越多的交易者押注价格上涨。

This trend reflects the dominance of bullish sentiment among many BTC holders in the market, even as the coin’s prices are temporarily falling.

这种趋势反映了市场上许多BTC持有人的看涨情绪的主导地位，即使硬币的价格暂时下跌。

Options Traders Brace for More Downside

期权交易者支撑更多缺点

Data from the options market confirms the spike in selling pressure among traders. According to Deribit, there are currently more open put contracts than calls. This is a clear sign that investor confidence in a short-term Bitcoin rebound continues to fade.

期权市场的数据证实了交易者销售压力的激增。根据Deribit的说法，目前有更多的公开合同比呼叫更多。这清楚地表明，投资者对短期比特币反弹的信心继续消失。

It can be said that this mix of signals—bullish funding rates, bearish options positioning, and falling OI— points to one thing. It highlights a market in conflict, where sentiment is split and uncertainty reigns. Hence, caution is advised.

可以说，这种信号的混合物（剩余的融资率，看跌期权定位和下降）指出了一件事。它突出了冲突中的一个市场，在这种冲突中，情绪被分裂和不确定性统治。因此，建议谨慎。