比特幣[BTC]突破了合併和集會以收回$ 100K的水平

在過去的一天中，比特幣[BTC]爆發了合併，並集結起來重新獲得10萬美元的水平。但是，不久之後，市場略微退縮，導致BTC定居109,062美元。

Bitcoin (BTC) price broke above the crucial $107k resistance on Wednesday and even touched the $110k level. However, the crypto encountered some resistance around $110k, leading to a slight pullback.

比特幣（BTC）的價格超過了周三至關重要的107,000美元抵抗，甚至達到了11萬美元的水平。但是，加密貨幣遇到了一些抵抗力，左右左右，導致了輕微的回調。

As a result, BTC settled down at $109k, sparking the interest of CryptoQuant analyst Axel Adler, who predicted further decline, citing Bitcoin’s Open Interest.

結果，BTC以10.9萬美元的價格降低了，引發了加密分析師阿克塞爾·阿德勒（Axel Adler）的興趣，後者預測了進一步的下降，理由是比特幣的開放興趣。

Bitcoin Open Interest saw a huge decline of $1 billion

比特幣開放興趣的大幅下降了10億美元

According to Adler, Bitcoin’s Open Interest saw a huge decline of $1 billion in the past day. Such a significant decline indicates a large-scale position unwind and reduced leverage as investors strategically exited the market.

據阿德勒（Adler）稱，比特幣的開放興趣在過去一天的大幅下降了10億美元。如此重大的下降表明，隨著投資者在戰略上退出市場，大規模的位置放鬆並減少了槓桿作用。

The drop in OI created a negative net taker volume, which reflects sellers’ dominance in the market, thus causing a pullback from $110k.

OI的下降產生了負淨收入人數，這反映了賣家在市場上的統治地位，從而導致$ 11萬美元的回調。

This seller dominance is also evident in Bitcoin’s Taker Buy Sell Ratio, which dipped to negative levels for the first time in four days.

比特幣的Taker買賣比率也很明顯，該賣方的賣出比率在四天內首次降至負水平。

Taker Buy Sell Ratio measures the relative strength of buyers and sellers who are entering the market with market orders (also known as “taker” orders). A negative Taker Buy Sell Ratio indicates that sellers have entered the market and are dominating.

Taker Buy賣出比率衡量了通過市場訂單進入市場（也稱為“ Taker”訂單）的買賣雙方的相對強度。負面的買賣比率表明賣方進入了市場並處於主導地位。

As such, Bitcoin’s spot CVD also remained positive, reflecting a high profit realization in the spot market.

因此，比特幣的現貨CVD也保持積極，這反映了現貨市場的高利潤實現。

Therefore, as Bitcoin rallied to $100k, investors in the spot market turned to profit realization while those in the Futures market decided to reduce leverage.

因此，隨著比特幣升至10萬美元，現貨市場的投資者轉向了實現利潤，而期貨市場中的投資者則決定降低杠桿作用。

Thus, traders on the spot exchanges are mostly selling, creating downward pressure on prices. The same pattern was reflected in the exchange activity, which turned positive after a fall in recent days.

因此，現貨交易所進行的交易商主要是在銷售，從而對價格下降了壓力。交換活動反映了相同的模式，最近幾天下降後呈正變。

At press time, Bitcoin’s exchange netflow was 1.2k BTC, reflecting higher exchange inflows. This implies that most holders and investors are sending their coins into exchanges.

發稿時，比特幣的Exchange Netflow為1.2k BTC，反映了更高的交換流入。這意味著大多數持有人和投資者都將硬幣發送到交流中。

These conditions point towards caution in the market, as some investors feared another pullback.

由於一些投資者擔心另一個回調，因此這些條件在市場上謹慎。

Some market participants took the recent price uptick as an opportunity to realize profits, while those in Futures are aggressively reduced their leverage.

一些市場參與者將最近的價格上漲作為實現利潤的機會，而期貨的人則積極降低其槓桿作用。

After sellers entered the market, it created a downward pressure, resulting in a further decline on price charts. A further retrace will see Bitcoin retest the $107k support level, which has acted as a resistance previously.

賣方進入市場後，它造成了向下壓力，導致價格表的進一步下降。進一步的回顧將使比特幣重新測試$ 107K的支撐級，該支持水平以前是阻力。

A failure to hold above here will send BTC back to $106k, as predicted by Adler.

正如阿德勒（Adler）所預測的那樣，在此處未能持有的不在此處將使BTC返回106K $ 106K。

However, if bulls continue to eye a higher resistance, they could start buying again and will absorb the pressure arising from the Futures market. If they hold, the market will reclaim $110k and eye $112k once again.

但是，如果公牛繼續注視著更高的抵抗力，他們可能會再次開始購買，並吸收來自期貨市場的壓力。如果他們持有，市場將賺取11萬美元，而Eye再次$ 112K。