主要交易所的比特幣融資利率仍為負

數據顯示，在比特幣價格突破 57,000 美元大關後，衍生性商品交易所用戶仍在做空比特幣。

Bitcoin (CRYPTO: BTC) derivatives users are still betting against the apex cryptocurrency despite the coin’s recent recovery, which has taken the coin past the $57,000 level.

比特幣（CRYPTO：BTC）衍生品用戶仍在做空這種頂級加密貨幣，儘管該貨幣最近有所復甦，已突破 57,000 美元的水平。

What Happened: According to data from Santiment, investors have been shorting BTC for the last few days. One indicator of interest in this regard is the “Funding Rate,” which tracks the periodic fee that derivatives contract traders on a given exchange are paying each other right now.

發生了什麼：根據 Santiment 的數據，過去幾天投資者一直在做空 BTC。在這方面感興趣的一個指標是“資金費率”，它追蹤特定交易所的衍生性合約交易者目前相互支付的定期費用。

When the value of this metric is positive, it means the long contract holders are paying a premium to the short investors in order to keep their positions. Such a trend implies a bullish sentiment is shared by the majority.

當該指標的值為正數時，這表示多頭合約持有者正在向空頭投資者支付溢價以保持其頭寸。這種趨勢意味著大多數人都持有看漲情緒。

On the other hand, the indicator being negative suggests the shorts are outweighing the longs, so a bearish mentality can be assumed to be the dominant one in the sector.

另一方面，該指標為負表明空頭超過多頭，因此可以認為看跌心態是該行業的主導心態。

Here is a chart that shows the trend in the Bitcoin Funding Rate for two platforms, Binance and BitMEX, over the last month:

下圖顯示了幣安和 BitMEX 兩個平台過去一個月的比特幣資金費率趨勢：

Bitcoin Funding Rate On Binance and BitMEX Chart: Santiment

Binance 和 BitMEX 圖表上的比特幣融資利率：Santiment

As can be seen in the chart above, the Bitcoin Funding Rate on both of these platforms had achieved large negative levels around the price bottom a few days back.

從上圖可以看出，幾天前這兩個平台上的比特幣融資利率都在價格底部附近達到了大幅負值。

This implies that derivatives users had been expecting the coin’s decline to continue further. The bet of these Binance and BitMEX traders clearly didn’t work out, though, as the coin has been going up since then. In fact, the liquidation of these investors is likely what has facilitated the rebound from the bottom.

這意味著衍生性商品用戶一直預期該貨幣將進一步下跌。不過，幣安和 BitMEX 交易員的押注顯然沒有成功，因為自那時以來，比特幣一直在上漲。事實上，這些投資人的清盤很可能是推動股市從底部反彈的原因。

Bitcoin continued this surge during the past 24 hours, breaking past the $57,000 level. According to data from CoinGlass, this BTC surge and the uplift across the rest of the sector have caused almost $123 million in liquidations.

比特幣在過去 24 小時內繼續飆升，突破了 57,000 美元的水平。根據 CoinGlass 的數據，比特幣的飆升以及該行業其他部分的上漲已導致近 1.23 億美元的清算。

Out of these, over $88 million of the liquidations have involved the short investors, with Bitcoin shorts alone making up for around $34 million of the flush.

其中，超過 8,800 萬美元的清算涉及空頭投資者，其中僅比特幣空頭就彌補了約 3,400 萬美元的平倉。

As displayed in the Funding Rate chart, though, the metric has still continued to be negative on these platforms, suggesting that bearish speculators haven’t let up even after this heavy beating.

不過，正如資金費率圖所示，這些平台上的指標仍然為負，這表明即使在遭受重創之後，看跌投機者也沒有放鬆。

But as it has already happened in this surge so far, these positions could end up finding liquidation, thus fueling the price surge even further. It now remains to be seen if Bitcoin will continue to go contrary to this expectation held by the majority of the derivatives investors or not.

但由於迄今為止在這次飆升中已經發生了這種情況，這些頭寸最終可能會被清算，從而進一步推動價格飆升。現在比特幣是否會繼續違背大多數衍生性商品投資者的預期還有待觀察。

BTC Price Action: At the time of writing, Bitcoin is trading at around $57,000, up more than 3% over the last 24 hours.

BTC 價格走勢：截至撰寫本文時，比特幣交易價格約為 57,000 美元，在過去 24 小時內上漲超過 3%。