比特幣（BTC）期貨開放興趣達到了新的歷史最高點，因為市場預計繼續向上勢頭

比特幣（BTC）期貨開放興趣（OI）在加密衍生品交易所的創紀錄水平上達到了創紀錄的水平，因為交易者預計加密貨幣將繼續並達到新的歷史最高點。

Bitcoin futures open interest has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs.

比特幣期貨開放興趣在加密衍生品交易所的創紀錄水平上達到了創紀錄的水平，因為交易者預計加密貨幣將繼續並達到新的歷史最高點。

Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass. It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices.

根據Coinglass的數據，比特幣（BTC）期貨開放興趣達到了5月23日的高峰超過800億美元。自5月初以來，這增加了30％，因為預期比特幣價格更高的衍生品投機者會加重槓桿。

Open interest is the total number of outstanding futures contracts that allow traders to bet on the future price of Bitcoin, which have not been settled or closed, showing the total amount of current market speculation.

公開利息是未償還期貨合約的總數，允許交易者押注尚未解決或關閉的比特幣的未來價格，顯示了當前市場投機的總量。

When OI surges, it indicates massive leveraged positions are built up in the market, with lots of traders holding large positions with borrowed money.

當OI湧現時，它表明在市場上建立了大量的槓桿頭寸，許多交易者擁有借錢的大量職位。

If Bitcoin’s price moves against these over-leveraged positions, traders get forcibly liquidated, and the flushout can create selling pressure on Bitcoin, which can cause a rapid drop in prices and high volatility.

如果比特幣的價格在這些過度槓桿率的頭寸上轉移，則交易者被強行清算，而沖洗量可能會對比特幣造成銷售壓力，這可能會導致價格迅速下降和高波動性。

However, analysts suggest the surge in spot Bitcoin exchange-traded fund (ETF) inflows, which have seen more than $2.5 billion this week, can counter some of that extended leverage.

但是，分析人士認為，本週超過25億美元的現貨比特幣交換基金（ETF）流入的激增可以抵抗一些擴展的槓桿作用。

Related: Crypto perp futures coming ‘very soon,’ says CFTC’s Mersinger

相關：CFTC的Mersinger說，Crypto Perp期貨即將到來

Bitcoin options markets show a similar pattern with open interest over $1.5 billion at the $110,000 and $120,000 strike prices on the Deribit exchange. There is also more than $1 billion in OI at strike prices of $115,000, $125,000, and $130,000.

比特幣期權市場顯示出類似的模式，開放興趣超過15億美元，以110,000美元的價格和120,000美元的deribit Exchange價格。 OI也有超過10億美元的行使價格為115,000美元，125,000美元和130,000美元。

Around $2.76 billion worth of notional value contracts are due to expire on May 23 with a put/call ratio of 1.2%, meaning there are more short (put) sellers than longs (call), and a max pain point of $103,000, where most losses will be made on expiry, according to Deribit.

根據Deribit的數據，約有價值約27.6億美元的名義價值合同將於5月23日到期，預計率為1.2％，這意味著賣方比長期賣方（呼叫）更短（call），最大痛苦點為103,000美元，其中大多數損失將在有效期內造成。

Bitcoin slips below $111,000

比特幣滑倒低於$ 111,000

Meanwhile, Bitcoin has slightly lost its recent gains and briefly slipped below $111,000 on Coinbase, according to TradingView.

同時，根據TradingView的數據，比特幣在Coinbase上略有損失，短暫滑倒了111,000美元。

The asset has now seen a 20% gain since the beginning of the year and almost 50% since its crash to $75,000 on April 7 following US President Donald Trump’s announcement of global tariffs.

自今年年初以來，該資產現在已經獲得20％的收益，自4月7日墜毀至75,000美元以來，美國總統唐納德·特朗普（Donald Trump）宣布全球關稅。

Bitcoin hit a new all-time high of $112,000 on May 22 and had mostly traded just above $111,000 over the last 24 hours, but had again slipped below the level at 4:15 am UTC on May 23.

比特幣在5月22日達到了112,000美元的新歷史最高點，在過去的24小時內交易額略高於111,000美元，但在5月23日上午4:15的水平再次低於該水平。