在比特币，以太坊和索拉纳期货上看到的不同趋势

来自GlassNode的数据表明，比特币的期货量与以太坊和Solana的期货量有所不同。

According to on-chain analytics platform Glassnode, the futures volume of top cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) show diverging trends.

根据链分析平台玻璃节的说法，顶级加密货币，比特币（BTC），以太坊（ETH）和Solana（Solana（Sol）的期货量都显示出不同的趋势。

For context, Bitcoin remains largely unchanged, while Ethereum and Solana have corrected 0.5% and 0.8% in the past seven days.

就上下文而言，比特币在过去七天中纠正了0.5％和0.8％，而以太坊和索拉纳的比特币基本保持不变。

The ongoing trend in BTC, ETH, and SOL signals mixed market interest, raising discussions about their future price trajectory.

BTC，ETH和SOL信号的持续趋势混合了市场兴趣，从而提出了有关其未来价格轨迹的讨论。

Divergent Trends Seen on Bitcoin, Ethereum, and Solana Futures

在比特币，以太坊和索拉纳期货上看到的不同趋势

The data from Glassnode shows Bitcoin’s futures volume has diverged from that of Ethereum and Solana.

来自GlassNode的数据表明，比特币的期货量与以太坊和Solana的期货量有所不同。

Traders have opened more leveraged positions in Bitcoin pairs compared to ETH and SOL, raising optimism about a possible price swing.

与ETH和SOL相比，贸易商以比特币对开设了更多的杠杆位置，从而对可能的价格下跌提高了乐观。

According to the Glassnode data, Bitcoin futures volume began the year at $60 billion.

根据GlassNode数据，比特币期货量开始了600亿美元。

Over the course of the year, increased market participation saw the volume hit its current yearly peak of $63 billion in February.

在一年中，增加的市场参与度达到了2月的年度峰值630亿美元。

However, the recent market uncertainties have reduced traders’ appetite to speculate on Bitcoin’s short-term price actions.

但是，最近的市场不确定性减少了交易者对比特币短期价格行动推测的食欲。

This resulted in a sharp fall to nearly $40 billion. With a changing narrative, traders are back trading the asset, per Glassnode.

这导致急剧下降到近400亿美元。随着叙述性的变化，贸易商正在恢复每个玻璃节目的交易资产。

Notably, Bitcoin’s volume has increased by 32% from February 23 and now sits at $57 billion. Still, this figure remains well below December’s peak of $74 billion.

值得注意的是，比特币的数量从2月23日起增长了32％，现在为570亿美元。尽管如此，这个数字仍低于12月的740亿美元的高峰。

Despite Bitcoin’s growing trader interest, futures volume for Ethereum and Solana has remained flat.

尽管比特币的交易者不断增长，但以太坊和索拉纳的期货数量仍然平坦。

To provide context, Ethereum’s derivative volume opened the year at $32 billion and reduced considerably before hitting $31 billion.

为了提供背景，以太坊的衍生产品量以320亿美元的价格开放，并在达到310亿美元之前大幅减少。

Per Glassnode, Ethereum’s futures volume currently stands at $28 billion. This figure is nearly $10 billion away from its peak volume of $37 billion in December.

以太坊的期货销量目前为280亿美元。这一数字距12月的峰值量为370亿美元，距离其峰值近100亿美元。

Similarly, the futures volume for Solana plummeted 29% from its year-to-date high of $12.2 billion to $8.7 billion.

同样，索拉纳的期货量从其毕业生高达122亿美元至87亿美元的高点下降了29％。

Implications on Price and Market Trends

对价格和市场趋势的影响

Notably, leveraged interest in an asset could either drive prices higher or lower depending on traders’ predominant sentiments.

值得注意的是，根据交易者的主要情感，对资产的利息可能会推动价格上涨或更低。

Increased volume equals more market liquidity, which could considerably impact the price of Bitcoin.

增加的数量等于更多的市场流动性，这可能会大大影响比特币的价格。

Meanwhile, Coinglass shows the long/short ratio on Bitcoin derivatives is neutral to slightly bearish, standing at 0.9964.

同时，小店表明，比特币衍生物的长/短比是中性的，略微看跌，为0.9964。

Currently, BTC price is traded at $81,558, down 2.37% over the past day and up 1.2% in the last seven days.

目前，BTC价格的交易价格为81,558美元，过去一天的价格下降了2.37％，在过去的7天中上涨了1.2％。

Ethereum has decreased by 1.9% on the daily chart to trade at $1,885. SOL price saw the largest decline of the day, with the price dropping by 3.2% to $123.48.

每日图表上的以太坊下降了1.9％，以1,885美元的价格贸易。 Sol Price当天下降最大，价格下跌了3.2％，至123.48美元。

The overall market outlook suggests cautiousness among investors ahead of the Federal Reserve’s policy meeting on March 18 to 29.

整体市场前景表明，在3月18日至29日美联储的政策会议之前，投资者谨慎。

Several analysts expect interest rates to remain unchanged at the end of the meeting.

几位分析师预计在会议结束时利率将保持不变。

Rebound Expectations, Is the Bull Market Over?

反弹期望，牛市已经结束了吗？

The persistent selling pressure in the crypto market over the past few weeks has raised discussion about the end of the bullish season.

在过去的几周中，加密货币市场的持续销售压力引发了关于看涨季节结束的讨论。

CryptoQuant founder Ki Young Ju has shared his opinion on the current situation on the Bitcoin market.

CryptoQuant创始人Ki Young Ju对比特币市场的当前状况分享了他的看法。

Young Ju issued a gloomy forecast for the next 6-12 months, stating that the Bitcoin cycle has come to an end. The CEO, therefore, advised traders not to expect any major bullish movements soon.

Young Ju在接下来的6-12个月内发布了一个令人沮丧的预测，并指出比特币周期已经结束。因此，首席执行官建议交易者不要预期任何重大看涨运动。

The CryptoQuant boss shared a chart displaying BTC PnL (Profit and Loss) Index cyclical signals. The chart suggested that bullish hopes for the next Bitcoin movement are unlikely to come true.

加密老板分享了一个图表，显示了BTC PNL（损益）索引周期性信号。该图表表明，对下一个比特币运动的希望是不可能实现的。

On the contrary, analyst Rekt Capital’s forecasted earlier that the current bull run could extend into late 2025. The market will watch to see what the future holds for the broader crypto market.

相反，分析师Rekt Capital早些时候预测，目前的公牛运行可能会延伸到2025年末。市场将注意，了解更广泛的加密货币市场的未来。