卖空者的挤压推动比特币反弹至 7 万美元和未知领域

在比特币的上涨趋势和下跌趋势逐渐减弱的情况下，分析师推测卖空者正面临挤压。正如 Swyftx 的 Pav Hundal 所言，这种情况在多头头寸和空头头寸之间创纪录的利润推动下，可能会将比特币的价格推至 80,000 美元。与此同时，Swan Bitcoin 的 Cory Klippsten 预计多头和空头头寸之间持续的拉锯战将得到解决，这表明对冲策略和对即将到来的比特币减半的预期可能会影响市场活动。

Squeeze on Short-Sellers Fuels Bitcoin's Climb to $70,000 and Beyond

卖空者的挤压推动比特币攀升至 70,000 美元及以上

As Bitcoin (BTC) hovers around the $70,000 threshold, market participants are speculating that short-sellers are facing mounting pressure amid waning downtrends and accelerating uptrends, a dynamic that could potentially propel the cryptocurrency to $80,000, according to analysts.

分析师表示，随着比特币 (BTC) 徘徊在 70,000 美元的关口附近，市场参与者猜测，在下行趋势减弱和上行趋势加速的情况下，卖空者面临着越来越大的压力，这种动态可能会将加密货币推升至 80,000 美元。

Insights from The Kobeissi Letter, published on March 26, suggest that the current market conditions are indicative of a classic short squeeze, characterized by a narrowing gap between institutional long positions and hedge fund short positions. Data indicates that institutions hold approximately 20,000 net long contracts, while hedge funds hold nearly 15,000 net short contracts, setting the stage for a potential capitulation among short-sellers.

3 月 26 日发表的《Kobeissi Letter》的见解表明，当前的市场状况预示着典型的空头挤压，其特点是机构多头头寸与对冲基金空头头寸之间的差距缩小。数据显示，机构持有约20,000份净多头合约，而对冲基金持有近15,000份净空头合约，为卖空者潜在的投降奠定了基础。

Over the past seven days, Bitcoin's price fluctuations have become progressively shorter, trading between a low of $61,224 on March 20 and a high of $71,511 on March 26, marking an 8.7% range.

过去7天里，比特币的价格波动逐渐缩短，交易价格在3月20日的低点61,224美元和3月26日的高点71,511美元之间，波动幅度为8.7%。

Currently trading at $70,480, Bitcoin's ascent to $71,000 could trigger the liquidation of approximately $156.18 million in short positions, according to data. A further surge to $75,000 would liquidate $3.85 billion worth of short positions.

数据显示，比特币目前的交易价格为 70,480 美元，若升至 71,000 美元，可能会引发约 1.5618 亿美元的空头头寸被清算。进一步飙升至 75,000 美元将清算价值 38.5 亿美元的空头头寸。

Pav Hundal, lead analyst at Swyftx, speculates that this squeeze could propel Bitcoin to unprecedented heights, with $80,000 being a potential target. Hundal suggests that a short squeeze could result in a vertical surge in Bitcoin's price, raising the possibility of reaching $100,000 before year-end.

Swyftx 首席分析师 Pav Hundal 推测，这次挤压可能会将比特币推向前所未有的高度，潜在目标为 80,000 美元。 Hundal 表示，空头挤压可能会导致比特币价格垂直飙升，年底前达到 10 万美元的可能性增加。

However, Swan Bitcoin CEO Cory Klippsten emphasizes the ongoing tug-of-war between long and short positions, predicting that eventually, one faction will capitulate. Klippsten notes that asset managers may be hedging their bets by holding both long and short positions, rather than engaging in a typical bull versus bears scenario. This hedging strategy suggests that institutional investors are seeking to mitigate downside risks.

然而，Swan Bitcoin 首席执行官 Cory Klippsten 强调多头和空头头寸之间持续的拉锯战，并预测最终会有一方投降。 Klippsten 指出，资产管理公司可能会通过持有多头和空头头寸来对冲他们的赌注，而不是参与典型的牛市与熊市情景。这种对冲策略表明机构投资者正在寻求减轻下行风险。

Klippsten also suggests that the recent increase in Bitcoin trading activity may be driven by anticipation of the upcoming Bitcoin halving scheduled for April 21. Historically, Bitcoin halving events have been accompanied by speculative trading, where traders buy on rumors and sell on news, potentially leading to short-term price fluctuations.

Klippsten 还表示，最近比特币交易活动的增加可能是由于对 4 月 21 日即将到来的比特币减半的预期所推动的。从历史上看，比特币减半事件一直伴随着投机交易，交易者根据谣言买入并根据消息卖出，这可能会导致比特币减半。来应对短期的价格波动。

In summary, the current market dynamics suggest that short-sellers are facing increasing pressure, creating a potential catalyst for Bitcoin's price to soar past the $70,000 mark. However, analysts caution that the ongoing tug-of-war between long and short positions may result in short-term volatility as the market awaits the outcome of this market battle.

综上所述，当前的市场动态表明，卖空者面临着越来越大的压力，这为比特币价格飙升至 70,000 美元大关创造了潜在的催化剂。不过，分析师警告称，多空头寸之间持续的拉锯战可能会导致短期波动，市场正在等待这场市场之战的结果。