在重新恢復生命之前

在四月的最後幾天，比特幣的價格有些慢，隨後再次開始栩栩如生，開始了5月的新月。

The price of Bitcoin was somewhat slow in the last days of April before bursting to life again to begin the new month of May. The premier cryptocurrency has since made a return near $98,000, flirting with the highly coveted $100,000 level to kick off the weekend.

在四月的最後幾天，比特幣的價格有些慢，隨後再次開始栩栩如生，開始了5月的新月。此後，總理加密貨幣的回報率接近98,000美元，並與令人垂涎的100,000美元水平調情，在周末開始。

Since losing the $100,000 price mark in early February, BTC has struggled to put up any major positive run in the past three months. The latest on-chain data suggests that the dream of reclaiming a six-figure valuation might truly be on, with the Bitcoin price looking to resume its bull run.

自2月初損失了100,000美元的價格以來，BTC在過去三個月中一直在努力進行任何重大積極跑步。最新的鍊鍊數據表明，收回六位數估值的夢想可能確實可以實現，而比特幣的價格希望恢復其公牛。

What Negative Funding Rates Mean For BTC Price?

BTC價格的負資金率是多少？

In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha revealed that the Bitcoin funding rates on Binance have witnessed a significant decline in the past few days. The “funding rate” indicator is a metric that measures the periodic fee exchanged between traders in the derivatives (perpetual futures) market.

在最近在加密平台上的QuickTake帖子中，鍊鍊分析師Amr Taha透露，在過去幾天中，Binance的比特幣融資率見證了大幅下降。 “資金率”指標是一個指標，可衡量衍生品（永久期貨）市場中交易者之間交換的定期費用。

A high or positive funding rate signals that the long traders (investors with buy positions) are paying a fee to short traders (investors with sell positions). This direction of the periodic payment typically indicates a dominant bullish sentiment in that particular market.

長交易者（具有買入頭寸的投資者）正在向短交易者（具有賣出職位的投資者）支付高的融資率信號。定期付款的這一方向通常表明該特定市場中的看漲情緒。

On the flip side, when the funding rate metric has a negative value, it implies that investors with short positions are paying traders with buy positions in the derivatives market. This funding rate trend signals that the market is being dominated by the bears.

另一方面，當籌資率指標具有負值時，這意味著頭寸短的投資者正在向交易者支付在衍生品市場中具有買入頭寸的交易者。這種融資率趨勢信號表明市場由熊隊主導。

According to data from CryptoQuant, the Bitcoin funding rate on Binance, the world’s largest crypto exchange by trading volume, has fallen into a deeply negative territory around -0.0008%. This development reflects a significant shift in the current market sentiment and dynamics.

根據CryptoQuant的數據，通過交易量通過交易量的全球最大的加密貨幣交換的比特幣融資率已跌至-0.0008％的深度負面領土。這一發展反映了當前市場情緒和動態的重大轉變。

In their Quicktake post, Taha attributed the recent decline in the funding rate to the aggressive selling by the Bitcoin retail traders. The on-chain analyst then correlated the selling pressure to fear amongst market participants rather than “fundamental weakness.”

塔哈（Taha）在他們的QuickTake帖子中將籌資率最近的下降歸因於比特幣零售商人的積極銷售。然後，鏈分析師將銷售壓力與市場參與者之間的恐懼相關聯，而不是“根本的弱點”。

Taha noted that when the funding rates become too negative, the Bitcoin market often becomes susceptible to a short squeeze, where short traders are forced to cover their positions due to rising prices — fueling a further upside move. Moreover, extremely low funding rates have been historically correlated with local price bottoms, preceding bullish trend reversals.

塔哈指出，當資金率太負面時，比特幣市場通常會因短暫的擠壓而容易受到損害，在這種情況下，由於價格上漲，短交易者被迫掩蓋其頭寸，這加劇了進一步的上漲。此外，在歷史上，極低的資金率與當地價格最低點有關，在看漲趨勢逆轉之前。

Bitcoin Price At A Glance

比特幣價格一目了然

As of this writing, the price of BTC stands at around $96,950, reflecting a 2% increase in the past 24 hours. Suppose BTC’s recent bullish momentum and the latest on-chain observations are anything to go by; there's a strong chance of the premier cryptocurrency making a return above $100,000 this weekend.

截至撰寫本文時，BTC的價格約為96,950美元，反映了過去24小時的2％。假設BTC最近的看漲勢頭和最新的鏈觀測值是必不可少的。本週末，總理的加密貨幣很有可能使回報率超過100,000美元。