公牛与熊：新数据揭示了加密货币市场的深层分裂

市场智能平台Alphractal已发布了对当前交易位置如何塑造整个加密货币空间的价格动态的新深入研究。

The crypto market is currently in an interesting state of flux, with new data from market intelligence platform Alphractal offering a glimpse into how this division is impacting price dynamics.

加密市场目前处于有趣的状态，来自市场情报平台的新数据Amphractal可以瞥见该部门如何影响价格动态。

The report, titled "Decoding the Market: A Tale of Two Fates," focuses on the Long/Short ratio—a key metric that measures whether traders are mostly buying (long) or selling (short) across major exchanges. The analysis reveals that the market is locked in an "ongoing war," with both sides applying pressure.

该报告的标题为“解码市场：两个命运的故事”，重点介绍了长/短比例，该报告是一个关键指标，该指标衡量了交易者是否主要是购买（长）或在主要交易所进行销售（短）。分析表明，市场陷入了“正在进行的战争”中，双方都施加压力。

A surprising finding is the exceptionally low funding rates for the token MAGIC, despite strong bullish positioning. This disparity usually indicates that traders are being heavily charged for holding longs—a scenario that arises when a trade becomes crowded, increasing the potential for a sharp reversal.

一个令人惊讶的发现是，尽管看涨了强烈的位置，但令牌魔术的资金率异常低。这种差异通常表明交易者持有渴望的费用很大，这种情况是在交易变得拥挤时会产生的，从而增加了急剧逆转的可能性。

Among the top 100 coins, Bitcoin, Ethereum, Binance Coin, and XRP are showing slight support for a bullish story, while others like FET, MOVE, and OM seem to be facing more short interest based on their funding rate trends.

在排名前100的硬币中，比特币，以太坊，二钱硬币和XRP在对看涨的故事中表现出略有支持，而其他类似FET，Move和OM之类的其他人则根据其资金率趋势而面临更短暂的兴趣。

Bitcoin, in particular, is currently in favorable territory—longs are increasing as the price rises, which supports a bullish setup. On the other hand, tokens like TRX and TON are seeing more short activity as their prices fall, which signals bearish momentum.

尤其是比特币目前处于有利的领土上 - 随着价格上涨，长时间正在增加，这支持了看涨的设置。另一方面，随着价格下跌，Trx和Ton等代币的活动更为短，这表明看跌势头。

However, the broader market picture remains mixed. Some assets are falling despite interest in the long side increasing, and some are rising as short positions increase. These contradicting signals, according to Alphractal, point to growing market uncertainty and highlight the need for careful planning and caution in the coming weeks.

但是，更广泛的市场情况仍然混杂在一起。尽管有兴趣，但有些资产仍在下降，而随着职位短缺的增加，一些资产正在上升。根据Alphractal的说法，这些信号矛盾指出了市场不确定性的增长，并强调了在接下来的几周内需要仔细计划和谨慎的需求。