比特幣（BTC）價格預測：儘管賣出壓力增長

在上週回報率超過100,00美元之後，比特幣在最近幾天的持有量上保持良好的持續效果。儘管旗艦加密貨幣保留了六位數的估值，但其價格行動仍缺乏勢頭，正如上週的表現所吸引的那樣。

Bitcoin (BTC) price has struggled to gain momentum above the $100,000 level in recent days, though it’s still holding up well above the six-figure mark. After returning above $100,000 in the previous week, the flagship cryptocurrency has fought well to maintain its hold above the critical psychological barrier.

比特幣（BTC）的價格在最近幾天仍在努力獲得超過100,000美元水平的勢頭，儘管它仍然遠遠超過了六位數的成績。在上週返回超過100,000美元之後，旗艦加密貨幣已經進行了良好的鬥爭，以維持其超過關鍵的心理障礙。

However, despite this valiant effort, Bitcoin’s price has yet to show any signs of breaking out to fresh highs, which could be attributed to the sluggishness and apparent indecision in the BTC market, as highlighted by last week’s performance.

然而，儘管這項勇敢的努力，比特幣的價格尚未顯示出任何突破新鮮高點的跡象，這可能歸因於BTC市場上的低迷和明顯的猶豫不決，這是上週表現的強調。

According to recent analysis by blockchain analytics firm Glassnode, the apparent sluggishness in the Bitcoin market can be attributed to significant selling pressure in the derivatives market. Interestingly, the latest on-chain data shows that the Bitcoin price still has room for additional growth.

根據區塊鏈分析公司GlassNode的最新分析，比特幣市場的明顯遲緩歸因於衍生品市場的巨大銷售壓力。有趣的是，最新的鍊鍊數據表明，比特幣價格仍然有額外增長的空間。

Options Market Data Shows Shift In Trader Sentiment

期權市場數據顯示交易者情緒的變化

In a May 16 post on the X platform, Glassnode shared fresh on-chain insights suggesting a rise in bullish sentiment amongst Bitcoin options traders. The relevant indicator here is the 1-month 25 Delta Skew, which compares the implied volatility of bullish bets (call options) to the bearish bets (put options).

在5月16日在X平台上的一篇文章中，GlassNode共享了新的鏈上見解，表明比特幣期權交易員的看漲情緒上升。這裡的相關指標是1個月的25 delta偏斜，它將看漲賭注（呼叫選項）的隱含波動與看跌賭注（PUT選項）進行了比較。

Generally, a positive value for the 1-month 25 Delta Skew indicator signals that put options are more expensive than calls. This suggests that traders are more interested in hedging against downside risk than for betting on the price of Bitcoin moving higher.

通常，1個月25個增量偏斜指示燈信號的正值比呼叫更昂貴。這表明，交易者對對沖下行風險更感興趣，而不是押注比特幣的價格上漲。

On the other hand, a negative value for the 1-month 25 Delta Skew indicator signals that calls are more expensive than puts. This suggests that traders are more willing to bet on the price of Bitcoin moving higher than for protection against downside exposure.

另一方面，1個月25個三角洲偏斜指示器的負值比puts更昂貴。這表明，交易者更願意下注比比特幣的價格高於防止下行暴露的價格。

According to data from Glassnode, the 1-month 25 Delta Skew metric recently witnessed a drop to around -6.1%. This decline, the analytics platform noted, signifies that call options now carry higher implied volatility compared to put options.

根據GlassNode的數據，1個月的25 Delta偏斜指標最近見證了約-6.1％的下降。分析平台指出，這種下降表示，與POT選項相比，呼叫選項現在具有更高的隱含波動率。

This options market trend means that there is now increasing bullish sentiment amongst Bitcoin traders, as they lean more into betting on the BTC price rising. Glassnode also pointed out that this increasing bullish sentiment reflects a risk-on environment, where traders and investors are more willing to risk their funds.

這種期權市場趨勢意味著現在比特幣交易者的看漲情緒正在增加，因為他們更多地傾向於投注BTC價格上漲。 GlassNode還指出，這種越來越多的看漲情緒反映了一個風險的環境，在這種環境中，交易者和投資者更願意冒險冒險。

Historically, a negative 25 Delta Skew is a strong bullish sentiment indicator, as it usually precedes further appreciation of the Bitcoin price. Moreover, current options data not only supports BTC’s upward movement, but could also serve as a positive catalyst for more growth as additional long positions enter the market.

從歷史上看，負25偏差是一個強烈的看漲情緒指標，因為它通常在對比特幣價格的進一步欣賞之前。此外，當前的選項數據不僅支持BTC的向上移動，而且還可以作為積極的催化劑，隨著額外的長位置進入市場而增長的積極催化劑。

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 $102,800, reflecting an over 1% decline in the past 24 hours. However, the world’s largest cryptocurrency is still up by more than 70% since the start of the year.

截至撰寫本文時，BTC的價格約為102,800美元，反映了過去24小時的下降超過1％。但是，自今年年初以來，世界上最大的加密貨幣仍增加了70％以上。