比特幣[BTC]開放興趣delta信號發出新的公牛跑步可能正在釀造

比特幣的[BTC]開放興趣Delta表現出可能對經驗豐富的交易者感到熟悉的跡象。 30天的合併三角洲達到水平

Bitcoin [BTC] Open Interest Delta is displaying familiar signs for experienced traders. The 30-day consolidated Delta has reached levels last seen when Bitcoin crossed $73K on its way to new highs in 2024.

比特幣[BTC]開放興趣Delta正在為經驗豐富的交易者展示熟悉的標誌。當比特幣在2024年到達新高點時，比特幣越過73k的$ 73K，這是30天的合併三角洲的最新水平。

Now, as the same pattern emerges across derivatives metrics, it might be signaling another pivotal moment in the cryptocurrency’s price journey.

現在，隨著跨衍生品指標出現相同的模式，它可能在加密貨幣的價格旅程中表明了另一個關鍵時刻。

Two phases of the Open Interest (OI) cycle are usually discussed by analysts. Phase 1 is characterized by the rapid accumulation of positions, which is reflected in a positive Delta. Subsequently, Phase 2 occurs as the positions begin to unwind, reversing the Delta into negative territory. This back-and-forth process showcases a rhythm of leverage and sentiment.

分析師通常討論開放興趣（OI）週期的兩個階段。階段1的特徵是位置的迅速積累，這反映在正三角洲。隨後，隨著位置開始放鬆，第2階段發生，將三角洲逆轉為負區域。這個來回的過程展示了槓桿和情感的節奏。

Data from Alphractal indicates that we may be entering Phase 1 again. As observed in previous Bitcoin bull runs, the pace and form of this trend are being closely monitored.

來自字母的數據表明我們可能會再次進入第1階段。正如先前比特幣公牛運行中所觀察到的那樣，這種趨勢的速度和形式正在密切監測。

Examining the 180-day OI Delta provides further insight. In the past, abrupt declines in Bitcoin Delta have foreshadowed substantial liquidations, typically wiping out over-leveraged long positions. These events are often observed at market bottoms.

檢查180天的OI三角洲提供了進一步的見解。過去，比特幣三角洲的突然下降預測了大量清算，通常會刪除過度槓桿的長位置。這些事件通常在市場底部觀察到。

At present, the 180-day Delta is oscillating around zero. A slip into red could herald the commencement of another accumulation phase. This transition is usually witnessed as large investors begin their quiet buying activities.

目前，180天的三角洲正在振盪左右。進入紅色的滑倒可以預示另一個積累階段的開始。通常，由於大型投資者開始安靜的購買活動，通常會看到這種過渡。

Over the past two years, similar shifts in Delta have preceded major Bitcoin rallies, such as those witnessed in October 2023 and early 2024. During those periods, aggressive OI spikes indicated strong upward pressure on the cryptocurrency.

在過去的兩年中，三角洲的類似轉變已經進行了主要的比特幣集會，例如2023年10月和2024年初見證的那些。

However, this time, a variation in the pattern can be observed. OI has not risen as sharply, which might indicate that large players are proceeding with more caution. This behavior aligns with how whales are typically known to operate—they drive market momentum but withdraw strategically, rendering their movements significant to observe.

但是，這次可以觀察到模式的變化。 OI並沒有像急劇一樣急劇上升，這可能表明大型球員正在謹慎行事。這種行為與鯨魚通常如何運作的方式保持一致 - 它們推動市場動力，但戰略性撤回，使其運動變得很重要。