比特幣持倉量上升，接近 400 億美元

比特幣目前處於9 月的高點，在10 月14 日突破66,000 美元之後回落。季度的漲幅一致。

Bitcoin (BTC) is trading at September highs, retracing after breaking above $66,000 on October 14. Although the coin is trading lower at spot rates, the path of least resistance appears northwards, and the trend is shifting, aligning with gains of Q1 2024.

比特幣(BTC) 目前處於9 月高點，在10 月14 日突破66,000 美元之後回落。第一季的漲幅一致。

Bitcoin Open Interest Rising, Approaching $40 Billion

比特幣持倉量上升，接近 400 億美元

After months of lower lows, the world’s most valuable coin is lifting off, and with it, sentiment is improving. The latest market data shows that the Bitcoin open interest across all major derivatives exchanges is approaching an all-time high.

在經歷了幾個月的低點後，世界上最有價值的代幣正在崛起，隨之而來的是市場情緒的改善。最新市場數據顯示，所有主要衍生性商品交易所的比特幣持股量正接近歷史新高。

According to Coinglass, open interest rose to over $39 billion in March 2024. As of October 15, the Bitcoin open interest is over $37.6 billion, expanding from yesterday’s $34.6 billion.

根據 Coinglass 的數據，2024 年 3 月，未平倉合約增至超過 390 億美元。 截至 10 月 15 日，比特幣未平倉合約增加超過 376 億美元，較昨天的 346 億美元有所擴大。

Open interest is usually used to gauge trader interest. The exchange data combines the number of all leveraged short and long positions posted by traders across top exchanges, including Binance and Bybit.

未平倉合約通常用於衡量交易者的興趣。該交易所數據綜合了交易者在幣安和Bybit等頂級交易所發布的所有槓桿空頭和多頭部位的數量。

Since open interest is not directional and doesn’t indicate whether there are more buyers or sellers at any point, the metric gauges trader interest and willingness to engage.

由於未平倉合約沒有方向性，並且不表明在任何時候是否有更多的買家或賣家，因此該指標衡量交易者的興趣和參與意願。

Whenever crypto prices rise, as was the case from early Q4 2023, open interest began swelling before peaking at an all-time high of over $39 billion in March 2024.

每當加密貨幣價格上漲時，就像 2023 年第四季初的情況一樣，未平倉合約就會開始膨脹，然後在 2024 年 3 月達到超過 390 億美元的歷史新高。

Falling Bitcoin prices from Q2 2024 also coincided with a contraction in open interest. By August 6, when BTC fell below $50,000, the Bitcoin open interest crashed below $26 billion before steadily recovering.

自 2024 年第二季起，比特幣價格不斷下跌，同時未平倉合約也出現縮減。到 8 月 6 日，當 BTC 跌破 5 萬美元時，比特幣持倉量跌破 260 億美元，然後穩步回升。

Will BTC Prices Rally Above $74,000?

BTC 價格會反彈至 74,000 美元以上嗎？

Considering the growth rate over the past 24 hours, it is highly likely that any break and close above $66,000 could attract more traders to open leverage positions. In that event, the Bitcoin open interest would swell to above $40 billion, printing an all-time high.

考慮到過去 24 小時的成長率，任何突破並收於 66,000 美元以上的價格都極有可能吸引更多交易者開設槓桿頭寸。屆時，比特幣未平倉合約將增加至 400 億美元以上，創歷史新高。

From the daily chart, Bitcoin has strongly rejected $66,000, marking September highs. However, if bulls of October 14 flow back, prices might float higher, back to July 2024 highs of $70,000. For now, traders are confident that prices will align with September gains and rally to March peaks.

從日線圖來看，比特幣已強勢拒絕6.6萬美元，創下9月高點。然而，如果 10 月 14 日的多頭回流，價格可能會走高，回到 2024 年 7 月的高點 70,000 美元。目前，交易員有信心價格將與 9 月的漲幅保持一致，並反彈至 3 月的峰值。

While confidence is high, the long-short ratio data from Coinglass reveals fewer long than short volumes. Currently, 51% of BTC trading volume is sell, while 49% is buy volume. This data signals that most traders are still bearish.

儘管信心十足，但 Coinglass 的多空比率數據顯示，多頭交易量少於空頭交易量。目前，BTC 交易量的 51% 為賣出量，49% 為買入量。該數據表明大多數交易者仍然看跌。