比特币现货-永久缺口跌至 - 59 美元 – 接下来怎么办？

美联储公开考虑在2025年减少降息，对金融市场造成诸多负面影响。

The US Federal Reserve’s public consideration of reduced interest rate cuts in 2025 had several negative effects on financial markets.

美联储公开考虑在 2025 年减少降息，这对金融市场产生了一些负面影响。

In addition to a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap.

除了比特币价格下跌 17% 外，币安交易所的数据显示，比特币市场目前已形成最大的现货与永续价格差距。

Bitcoin Spot-Perpetual Gap Falls To -$59 – What Next?

比特币现货-永久缺口跌至 - 59 美元 – 接下来怎么办？

Last week, the Fed announced the potential reductions of its originally planned four rate cuts in 2025 to two triggered a wide-scale selloff in the global financial markets.

上周，美联储宣布可能将原计划2025年的四次降息削减至两次，引发全球金融市场大规模抛售。

As the total crypto market cap dipped by 17.4%, over $1.8 trillion was lost in the stock market on a single day as investors looked to offload the risky assets in their portfolio, representing the worst daily decline since March 2020.

随着加密货币总市值下跌 17.4%，由于投资者寻求抛售投资组合中的风险资产，股市单日损失超过 1.8 万亿美元，这是自 2020 年 3 月以来最严重的单日跌幅。

For the Bitcoin market, CryptoQuant analyst Darkfost reports a notable increase in selling pressure from the derivatives market, resulting in a spot-perpetual price gap of -$59.14, the largest ever in BTC history.

对于比特币市场，CryptoQuant 分析师 Darkfost 报告称，衍生品市场的抛售压力显着增加，导致现货与永续价格差距达到 - 59.14 美元，这是 BTC 历史上最大的差距。

For context, the spot-perpetual price gap represents the difference between the price of a cryptocurrency on the spot market (where an asset is traded directly) and its perpetual futures price (contracts that speculate on an asset’s future value without expiry).

就上下文而言，现货与永续价格差距代表了现货市场（资产直接交易）上的加密货币价格与其永续期货价格（推测资产未来价值而无到期日的合约）之间的差异。

A negative gap means perpetual futures are trading at a lower price than the spot market indicating bearish sentiment in the derivatives market.

负缺口意味着永续期货的交易价格低于现货市场，表明衍生品市场的看跌情绪。

Therefore, the current highly negative spot-perpetual price gap of -$59.14 suggests derivatives traders expect a short-term decline in Bitcoin’s price.

因此，目前现货与永续合约的大幅负价差为 - 59.14 美元，这表明衍生品交易商预计比特币价格将短期下跌。

However, Darkfost notes that spot-perpetual price gaps are historically likely to reverse as markets stabilize.

然而，Darkfost 指出，从历史上看，随着市场稳定，现货与永续合约的价格差距可能会逆转。

Therefore, extremely negative gaps such as that currently presented are often good buying opportunities as markets tend to overreact during periods of heightened uncertainty before recovery occurs.

因此，目前出现的极端负缺口往往是良好的买入机会，因为市场在复苏之前的不确定性加剧期间往往会反应过度。

BTC Investors Record Over $5.72 Billion Profit Amid Price Decline

BTC 投资者在价格下跌期间获利超过 57.2 亿美元

In other news, crypto analyst Ali Martinez reports that the Bitcoin market witnessed over $5.72 billion in realized profit during the recent market crash.

在其他新闻中，加密货币分析师 Ali Martinez 报告称，在最近的市场崩盘期间，比特币市场实现的利润超过 57.2 亿美元。

This indicates that a significant portion of Bitcoin holders were in profit ahead of the price correction, which triggered profit-taking.

这表明很大一部分比特币持有者在价格调整之前获利，从而引发了获利了结。

While large realized profits can signal a cautious or bearish short-term sentiment, they also suggest that bitcoin’s earlier price rally was substantial enough to benefit many investors who believe in a strong bullish structure that is sustainable in the long term.

虽然巨额已实现利润可能预示着谨慎或看跌的短期情绪，但它们也表明比特币早些时候的价格上涨足以让许多相信长期可持续的强劲看涨结构的投资者受益。

At the time of writing, Bitcoin is valued at $97,182 with a 0.83% gain in the past day. However, the asset’s trading volume is down by $50.28% and valued at $54.23 billion.

截至撰写本文时，比特币价格为 97,182 美元，过去一天上涨了 0.83%。然而，该资产的交易量下降了 50.28%，价值为 542.3 亿美元。