儘管最近出現調整，但零售交易者預計比特幣（BTC）價格將會反彈

幣安衍生性商品交易者數據顯示，該平台70.25%的帳戶持有比特幣淨多頭部位

Retail traders appear to be optimistic about a Bitcoin (BTC) price rebound despite the recent correction, which saw the asset trade at $67,560.

儘管近期出現調整，比特幣交易價格為 67,560 美元，但零售交易者似乎對比特幣 (BTC) 價格反彈感到樂觀。

Data from Binance derivative traders shows that 70.25% of the accounts on the exchange hold net long positions on Bitcoin, suggesting that the majority of traders expect the asset to rally and view the recent correction as an opportunity to buy Bitcoin at a lower price point.

幣安衍生性商品交易員的數據顯示，該交易所70.25% 的帳戶持有比特幣淨多頭頭寸，這表明大多數交易員預計該資產將上漲，並將近期的調整視為以較低價格購買比特幣的機會。

Bitcoin lost close to 4% of its value last week, but the price did rally by around 1% yesterday.

比特幣上週價值下跌了近 4%，但昨天價格確實上漲了 1% 左右。

According to the latest cryptocurrency market report, $18.85 million worth of long Bitcoin positions were liquidated in the past 24 hours following the price correction.

根據最新的加密貨幣市場報告，價格調整後的過去 24 小時內，價值 1,885 萬美元的比特幣多頭部位被清算。

Here we can see that the volume of long liquidations outpaced those of short trades. Despite the heavy liquidation of long positions, traders are still optimistic about an upcoming increase in the Bitcoin price.

在這裡我們可以看到，多頭清算量超過了空頭交易量。儘管多頭部位大量清算，交易員仍對比特幣價格即將上漲持樂觀態度。

Ethereum (ETH) saw a rise of over 3% yesterday amid massive exchange outflows, increasing buying pressure from whales and the U.S. Consumer Price Index (CPI) for May reporting a decrease in inflation, which was factored in by the Federal Reserve keeping interest rates lower for a longer period.

以太坊 (ETH) 昨天上漲超過 3%，原因是大量的外匯流出、鯨魚的購買壓力增加以及美國 5 月份消費者物價指數 (CPI) 報告通膨下降，這是聯準會維持利率不變的因素之一較低的時間較長。

In my view, the large withdrawals were observed to be a bullish signal, indicating that investors prefer to hold their funds in personal wallets over keeping them on exchanges for quick trading.

在我看來，大量提款被認為是一個看漲信號，表明投資者更願意將資金存放在個人錢包中，而不是將資金留在交易所進行快速交易。

This usually reduces the supply on exchanges, which may lead to increases in price movements due to the increasing scarcity. However, we did not see the Bitcoin price rising as expected, despite the large withdrawal volumes. This occurrence suggests that other market forces are currently influencing the movements in the Bitcoin price.

這通常會減少交易所的供應量，由於稀缺性的增加，可能會導致價格波動的增加。然而，儘管提款量很大，但我們並沒有看到比特幣價格如預期上漲。這起事件顯示其他市場力量目前正在影響比特幣價格的走勢。

Hence, I believe that the macroeconomic conditions affecting the overall cryptocurrency market may be leading to a cautious sentiment, which could be one explanation for the current sideways movement.

因此，我認為影響整個加密貨幣市場的宏觀經濟狀況可能會導致謹慎情緒，這可能是當前橫盤走勢的一種解釋。

Another perspective is driven by the actions of institutional investors, who are now handling their cryptocurrency holdings differently.

另一種觀點是由機構投資者的行為所驅動的，他們現在以不同的方式處理他們持有的加密貨幣。

In my opinion, rather than preparing to sell, the institutions may be moving their assets off exchanges due to regulatory and security concerns, given the presence of more advanced custody solutions. This trend aligns with the anticipated shift towards decentralized financial practices and self-management.

在我看來，考慮到更先進的託管解決方案的存在，出於監管和安全方面的考慮，這些機構可能不會準備出售資產，而是將其資產轉移出交易所。這一趨勢與預期的向去中心化金融實踐和自我管理的轉變相一致。

Over the past month, the data showed a decreasing trend in Bitcoin reserves on exchanges, which could be part of a larger strategy by long-term investors, or whales, to reduce the volume of their holdings in anticipation of future market moves. While this withdrawal activity may not always translate to immediate price increases, it could signal optimism regarding Bitcoin's price in the long term.

過去一個月，數據顯示交易所的比特幣儲備呈下降趨勢，這可能是長期投資者或鯨魚減少持有量以應對未來市場走勢的更大策略的一部分。雖然這種提現活動可能不會總是立即導致價格上漲，但從長遠來看，它可能表明人們對比特幣價格樂觀。