比特幣（BTC）礦工表現出信念，因為銷售壓力達到2024低

比特幣[BTC]礦工表現出信念的跡象，銷售壓力下降到2024年初以來的最低水平。這一趨勢反映了增加

Bitcoin (BTC) miners are showing signs of remarkable resilience, with their selling pressure falling to the lowest point since early 2024. This trend, which coincides with a highly leveraged derivatives market, might spell both stability and potential volatility for the flagship cryptocurrency.

比特幣（BTC）礦工表現出了顯著的彈性跡象，其銷售壓力下降到2024年初以來的最低點。這種趨勢與高度槓桿的衍生品市場相吻合，可能會使旗艦加密貨幣的穩定性和潛在波動性呈現。

Bitcoin miners holding firm

比特幣礦工持有公司

As highlighted by Alphractal’s latest analysis, the final days of August saw Bitcoin miner selling pressure drop to its lowest level since the beginning of 2024. The miner pressure metric, which compares 30-day miner outflows to the average, is now closely hugging the lower band.

正如Alphractal的最新分析所強調的那樣，八月的最後幾天將比特幣礦工的銷售壓力下降到2024年初以來的最低水平。礦工壓力指標（將30天的礦工流出與平均水平進行了比較，現在正緊緊擁抱較低的頻段。

This indicator, a keen barometer of miner behavior, typically sees pressure increase during periods of heightened selling, while lower pressure signals that miners prefer to hold onto their BTC - a move that has historically been bullish for price stability.

該指標是礦工行為的敏銳晴雨表，通常會在銷售增長期間看到壓力增加，而礦工更喜歡保留其BTC的壓力信號較低，這一舉動歷來是對價格穩定的看法。

The last time pressure fell to this extreme, Bitcoin entered a period of relative calm and stability at around $60,000, after which it experienced its next major price move. However, with leveraged long positions on derivatives exchanges currently piling up, especially between $100,000 and $110,000, any abrupt price shift could prompt miners to quickly change their stance, potentially reigniting volatility.

最後一次壓力降低了這種極端，比特幣進入了一段相對平靜和穩定的時期，左右左右約60,000美元，此後經歷了下一個主要價格轉移。但是，由於目前堆積的衍生工具交易所的長期職位，尤其是在100,000美元至110,000美元之間，任何突然的價格轉移都可能促使礦工迅速改變其立場，並有可能重創波動。

Bitcoin liquidation heatmap: A tale of two trends

比特幣清算熱圖：兩個趨勢的故事

While miners are holding firm, the derivatives market is a bit more fragile, with its fragility being highlighted by Alphractal’s Bitcoin liquidation heatmap.

儘管礦工持有牢固，但衍生品市場有些脆弱，其脆弱性被字母幣的比特幣清算熱圖突出了。

The heatmap vividly displays a massive build-up of high-leverage long positions, particularly between the price tiers of $100,000 and $110,000. This indicates that a swift move downward from these levels could cascade into billions in liquidations, ultimately intensifying volatility.

該熱圖生動地顯示出高槓桿長位置的大規模積累，尤其是在100,000美元和110,000美元的價格層之間。這表明迅速從這些級別向下移動可能會層疊成數十億美元的清算，最終增強了波動性。

Furthermore, nearly all the recent growth in open interest has been driven by leveraged longs, leaving the market heavily tilted. This presents an excellent opportunity for traders, but it also carries a significant risk of sharp downside potential should the market's structure change quickly.

此外，幾乎所有最近的開放興趣增長都是由槓桿式渴望驅動的，使市場傾斜了。這為貿易商帶來了絕佳的機會，但如果市場結構迅速變化，它也具有巨大下行潛力的巨大風險。

Bitcoin price outlook

比特幣價格前景

In the final hours of August 31, BTC was trading at $104,336, showing a modest intraday decrease of 0.27%. Despite this minor pullback, BTC remained above the critical $100,000 support level.

在8月31日的最後幾個小時中，BTC的交易價格為104,336美元，顯示出季節的不適中下降0.27％。儘管有一些輕微的回調，但BTC仍然高於關鍵的100,000美元支持水平。

The Relative Strength Index (RSI) was seen hovering around 75, which signaled overbought conditions and a potential cooldown in buying pressure.

看到相對強度指數（RSI）徘徊在75左右，這表明條件過高和購買壓力的潛在冷卻。

On the other hand, the On-Balance Volume (OBV) flattened out after recent gains, which might suggest that the momentum of buyers was slowing down.

另一方面，在最近的收益後，體內量（Obv）扁平化了，這可能表明買家的勢頭正在放緩。

With bullish sentiment still present but leverage risks looming, Bitcoin could either continue to consolidate above $100,000 or face a steeper correction if selling pressure returns.

隨著看漲的情緒仍然存在，但利用風險迫在眉睫，比特幣可能會繼續鞏固超過100,000美元的票房，或者如果出售壓力回報，則面臨更陡峭的糾正。