比特幣（BTC）期貨開放興趣已飆升至創紀錄的750億美元

根據Coinglass數據，比特幣（BTC）期貨已達到了超過750億美元的新ATH。

Bitcoin futures open interest (OI) has surged to a record high of over $75 billion, according to Coinglass data.

根據Coinglass數據，比特幣期貨開放興趣（OI）已飆升至創紀錄的750億美元。

This signals a strong buildup in leveraged exposure as traders are eyeing a breakout above the key $108K resistance level, where a dense cluster of bearish short positions could trigger a massive short squeeze.

這標誌著槓桿風險的強烈積累，因為貿易商正在關注關鍵$ 108K的電阻水平的突破，在這裡，一個濃密的看跌短缺的位置可能會觸發大量的短暫擠壓。

Over the past 24 hours alone, total OI saw an increase of 4.23%, reaching $75.38 billion. Among major exchanges, Chicago Mercantile Exchange leads with $17.43 billion, followed by Binance with $12.41 billion, Bybit with $7.41 billion, Gate.io with $7.07 billion, and OKX with $4.6 billion.

僅在過去的24小時內，OI總數增長了4.23％，達到753.8億美元。在主要交易所中，芝加哥商人交易所以174.3億美元的價格領先，其次是124.1億美元，拜比特（Bybit），佔74.1億美元，Gate.io，持續了70.7億美元，OKX為46億美元。

Among exchanges with lower liquidity, Hyperliquid recorded the highest 24-hour open interest growth at +30.21%, followed by MEXC with +10.63% and BitMEX with +8.13%.

在流動性較低的交流中，超流動性的24小時開放興趣增長率為 +30.21％，其次是MEXC， +10.63％，比特米克斯（Bitmex） +8.13％。

Within this highly leveraged environment, the potential for bearish liquidations — specifically of short positions—becomes a powerful force that could propel BTC to new highs.

在這個高度槓桿的環境中，看跌清算的潛力（特別是短職位）可能會使BTC推向新高點。

Looking at the latest BTC/USDT liquidation heatmap from FTX reveals substantial clusters of short liquidations above the current price range, particularly concentrated around the $108K level. The heatmap also shows additional liquidity bands above $110K, suggesting that if the initial $108K is cleared, even more aggressive liquidations could be set off, further intensifying bullish momentum.

查看來自FTX的最新BTC/USDT清算熱圖發現，大量的短量清算群以高於當前的價格範圍，尤其是集中在108K $ 108K的水平左右。熱圖還顯示了超過$ 110K的額外流動性帶，這表明如果清除了最初的108K美元，則可以設置更多積極進取的清算，從而進一步增強了看漲的勢頭。

At press time, Bitcoin price is trading at $106.5K. It has been struggling to close above $107K, but yesterday it went as high as $107,307. If $108K level is broken, the next significant psychological level is $110K, which Arthur Hayes considers the critical threshold for the next leg up.

發稿時，比特幣價格的交易價格為106.5K美元。它一直在努力收盤超過107,000美元，但昨天上漲高達107,307美元。如果$ 108K的水平被打破，下一個重要的心理水平為11萬美元，亞瑟·海斯（Arthur Hayes）認為下一條腿的關鍵門檻。

According to Hayes, BTC price must break above $110K and push toward $150–$200K to spark a true altcoin season. He sees this breakout potentially materializing by early Q3, fueled by rising liquidity and trading volume.

根據海斯的說法，BTC的價格必須超過$ 11萬美元，並向$ 150- $ 200k推出，以激發真正的山寨幣季節。他認為，由於流動性和交易量的增加，這種突破可能在第三季度早期實現。