比特幣（BTC）集會超過了以前的歷史最高成績，將收益延長至$ 111,888

比特幣在周三的USD和USDT市場上超過了其以前的歷史最高高位，並擴大了收益

Bitcoin (BTC) pushed past its previous all-time high in the USD and USDT markets on Wednesday and extended gains on Thursday, climbing to a peak of $111,880. Bitcoin’s breakout failed to usher euphoria among traders and the reaction on derivatives traders was muted, relative to previous BTC price rallies.

比特幣（BTC）在周三的美元和美元市場上超越了以前的有史以來高漲，並在周四延長了收益，攀升至高峰111,880美元。相對於以前的BTC價格集會，比特幣的突破未能引起交易者的欣快感，對衍生品交易者的反應被靜音。

Analysts at 10xResearch and Amberdata are in agreement on the fact that spot market strength and not speculation, is driving gains in BTC. Bitcoin’s rally beyond $111,000 failed to kick in a euphoria among traders and the long/short ratio across top derivatives exchanges is above 1. While this indicates that traders are bullish on BTC and expect further gains, on previous instances like the 2017 and 2020 cycles, the ratio exceeded 2.

10xResearch和Amberdata的分析師同意以下事實：現貨市場實力而不是猜測正在驅動BTC的收益。比特幣超過111,000美元的拉力賽未能在交易者中引起欣喜若狂，最高衍生品交易所的長/短比率高於1。這表明交易者對BTC的看法是看漲的，並且預計在2017年和2020年周期之類的以前的情況下，該比率超過了2。

The 24-hour liquidation data shows $175 million in shorts liquidations and over $47 million in long positions were liquidated. Bearish traders are being punished for betting against Bitcoin price rally, but the key question is, how high will Bitcoin go?

24小時的清算數據顯示，短褲清算票價為1.75億美元，清算了超過4700萬美元的長位置。看跌貿易商因對比特幣價格集會的投注而受到懲罰，但關鍵問題是，比特幣將有多高？

Bitcoin futures open interest chart on Coinglass shows a massive spike in OI. Open derivatives contracts in Bitcoin crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, signaling strength in the BTC uptrend. Traders are confident of further gains in Bitcoin price.

比特幣期貨在coinglass上的開放興趣圖表顯示了OI的巨大飆升。 5月22日，比特幣的開放衍生品合同在OI中總計780億美元。 OI與比特幣價格一起攀升，這是BTC上升趨勢的信號。交易者對比特幣價格進一步收益充滿信心。

Funding rate has been positive since May 8, consistency in the green bars in the funding rate chart below shows how derivatives traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset, in the case of Bitcoin this supports a thesis of gains.

自5月8日以來，資金率一直是正面的，下面的資金率圖表中的綠色條的一致性顯示了衍生品交易者如何將自己定位為比特幣的進一步上行空間。積極的融資率為資產的看漲敘事提供了支持，在比特幣的情況下，這支持了收益論文。

Ethereum (ETH) struggles to attract institutional inflows even as ETH rallies alongside Bitcoin (BTC) in its price discovery. Altcoins in the top 50 cryptocurrencies ranked by market capitalization are in the green, rallying in the last 24 hours.

以太坊（ETH）努力吸引機構流入，即使在其價格發現中與比特幣（BTC）一起集會。在市場資本化排名的前50個加密貨幣中，山頂屬於綠色，在過去的24小時內集會。

Analysts at 10xResearch and Amberdata are in agreement on the fact that BTC’s rally is being driven by strong derivatives market activity.

10xResearch和Amberdata的分析師同意BTC的集會是由強大的衍生品市場活動驅動的。

Bitcoin futures saw a massive spike in OI. Open derivatives contracts in Bitcoin crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, which is currently testing resistance at $111,000.

比特幣期貨在OI中有很大的峰值。 5月22日，比特幣的開放衍生品合同在OI中總計780億美元。 OI與比特幣價格一起攀升，比特幣價格目前正在測試阻力為111,000美元。

Funding rates have been consistently positive since May 8, and traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset.

自5月8日以來，資金率一直是積極的，交易者正在將自己定位為比特幣的進一步上行空間。積極的融資率為資產的看漲敘述提供了。

The long/short ratio across top derivatives exchanges is above 1, which indicates that traders are bullish on BTC and expect further gains. However, on previous instances like the 2017 and 2020 cycles, the ratio used to exceed 2, at least in the second half of the year.

頂級衍生品交換的長/短比率高於1，這表明交易者對BTC看漲，並期望進一步的收益。但是，在像2017年和2020年周期這樣的以前的情況下，至少在下半年，該比率過去了2。

The 24-hour liquidation data shows $175 million in shorts liquidations and over $47 million in long positions were liquidated. Bearish traders are being punished for betting against Bitcoin price rally.

24小時的清算數據顯示，短褲清算票價為1.75億美元，清算了超過4700萬美元的長位置。看跌商人因對比特幣價格集會的投注而受到懲罰。

Bitcoin futures saw a massive spike in OI. Open derivatives contracts in the world’s leading cryptocurrency crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, which is currently testing resistance at $111,000.

比特幣期貨在OI中有很大的峰值。 5月22日，全球領先的加密貨幣的開放衍生品合同在OI中總計780億美元。

Funding rates have been consistently positive since May 8, and traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset.

自5月8日以來，資金率一直是積極的，交易者正在將自己定位為比特幣的進一步上行空間。積極的融資率為資產的看漲敘述提供了。

The long/short ratio across top derivatives exchanges is above 1, which indicates that traders are bullish on BTC and expect further gains. However, on previous instances like the 2017 and 2020 cycles, the ratio used to exceed 2, at least in the second half of the year.

頂級衍生品交換的長/短比率高於1，這表明交易者對BTC看漲，並期望進一步的收益。但是，在像2017年和2020年周期這樣的以前的情況下，至少在下半年，該比率過去了2。

The 24-hour liquidation data shows $175 million in shorts liquidawhich is a key level to watch. A break above this zone could open the door for a move toward the 141.4% Fibonacci retracement level at $127,352.

24小時清算數據顯示，萊斯維希奇（Lilesawhich）的1.75億美元是值得關注的關鍵水平。在該區域上方的突破可以打開大門，以朝著141.4％的斐波那契回撤水平邁出127,352美元。

The 50% Fibonacci retracement level from April 7 low to May 22 peak is at $96,404, which is a key support zone for Bitcoin. A break below this level could signal that the current rally is running out of steam.

4月7日至5月22日峰值的50％斐波那契回撤水平為96,404美元，這是比特幣的關鍵支撐區。低於此級別的突破可能表明電流集會用盡了蒸汽。

Bitcoin is currently trading at $110,000, up over 100% since the start of the year. The cryptocurrency is now the 10th most valuable asset in the world, according to CoinMarketCap.

比特幣目前的交易價格為110,000美元，自今年年初以來超過100％。根據CoinMarketCap的數據，該加密貨幣現在已成為世界上第十大最有價值的資產。

Despite its recent gains, Bitcoin is still a volatile asset and its price could fluctuate significantly in the short term. However, the long-term outlook for Bitcoin remains positive, as the cryptocurrency is becoming increasingly mainstream and accepted by institutions.

儘管它最近獲得了收益，但比特幣仍然是一種波動的資產，其價格在短期內可能會大大波動。但是，比特幣的長期前景仍然是積極的，因為加密貨幣越來越主流並被機構所接受。

Ethereum (ETH) on-chain data shows a slight increase

以太坊（ETH）鍊鍊數據顯示出略有增加