比特幣期貨開放興趣在BTC集會上達到新的歷史最高點至111k美元

比特幣的集會至5月22日的新歷史最高高點111,620美元，隨後是期貨活動激增，整個交易所的全部開放利息（OI）達到8009.1億美元

Bitcoin’s (BTC) rally to a new all-time high of $111,620 on May 22 was followed by a surge in futures activity, with total open interest (OI) across exchanges reaching $80.91 billion, the highest ever recorded.

5月22日，比特幣（BTC）召集到了新的歷史最高高點111,620美元，隨後發生了期貨活動的激增，整個交易所的全部開放興趣（OI）達到809.1億美元，是有史以來最高的。

May 22 OI represents a $6.66 billion increase over the past 24 hours and caps off a five-day climb that added over $15 billion in futures exposure since May 18.

5月22日OI在過去24小時內增加了66.6億美元的增長，自5月18日以來增加了為期五天的攀登，增加了超過150億美元的期貨敞口。

Such a significant expansion in open interest shows an increase in participation from both institutional and retail traders, with leveraged positions across the market rising in tandem with Bitcoin’s price.

開放興趣的如此重大的擴張表明，機構和零售商人的參與增加，並且在市場上的槓杆位置隨比特幣的價格同時上升。

On Binance, the largest derivatives venue by volume, OI hit $13.60 billion, the highest since Dec. 16, 2024. This shows a clear resurgence of speculative positioning on the exchange, which had seen a decline in activity throughout March and April.

關於托恩斯（Binance）是數量最大的衍生工具場地，OI達到了136.0億美元，是2024年12月16日以來最高的。這表明在交易所的投機位置明顯復興，該交易所在整個3月和4月的活動下降。

Between May 18 and May 22, Bitcoin rose from approximately $103,500 to over $111,000, gaining nearly 8% in five days. Futures OI expanded by more than 23% over the same period, a growth rate that far outpaced spot price appreciation. This divergence suggests spot-driven demand and an influx of leveraged capital, likely driven by momentum traders positioning for continued upside.

在5月18日至5月22日之間，比特幣從大約103,500美元上升到111,000美元以上，五天內增長了近8％。期貨在同一時期增長了23％以上，這一增長率超過了現貨價格升值。這種差異表明，貨物驅動的需求和槓桿資本的湧入，這可能是由於動量交易者定位以繼續上漲而推動的。

While record OI highlights strong market engagement, it also introduces elevated liquidation risk should volatility spike. Given the sharp rise in open contracts without a corresponding cooling-off in price, any abrupt reversal could trigger a cascade of forced liquidations.

儘管OI紀錄突出了強大的市場參與度，但它也引入了升高的清算風險，應波動峰值。鑑於開放合同的急劇上升而沒有相應的價格冷卻，任何突然的逆轉都可能觸發一系列強迫清算。

The increase in price and OI shows the market entering a new phase of speculative intensity. Whether this translates into sustained higher prices or introduces short-term instability may depend on the ability of bulls to defend the $110,000 level against potential drawdowns.

價格上漲和OI表明市場進入了投機強度的新階段。這是否轉化為持續的價格較高還是引入短期不穩定可能取決於公牛捍衛110,000美元水平的能力，以防止潛在的縮減。

Andjela Radmilac

Andjela radmilac

Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.

經過古典教育和新聞的目光，Andjela Dove在涵蓋政治的幾年後，在2018年進入加密貨幣行業。

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