比特幣短褲被擠壓：價格飆升和清算躁狂症！

比特幣的瘋狂騎行仍在繼續！最近的價格激增引發了大量的短暫清算，進一步加劇了集會。這是更大的東西的開始，還是只是短暫的擠壓？

Bitcoin Shorts Get Squeezed: Price Surge and Liquidation Mania!

比特幣短褲被擠壓：價格飆升和清算躁狂症！

Bitcoin is back in the spotlight, and this time it's personal… for the shorts! Recent market activity has been nothing short of explosive, with significant price surges triggering a cascade of short liquidations. Let's dive into what's happening and what it all means.

比特幣又重新成為聚光燈，這一次是個人的……對於短褲！最近的市場活動簡直是爆炸性的，價格急劇上漲引發了一系列短暫的清算。讓我們深入了解正在發生的事情以及一切的含義。

Bitcoin Blasts Past $112,000: Shorts Pay the Price

比特幣爆炸超過$ 112,000：短褲支付價格

On July 10th, Bitcoin reached a new all-time high of $112,787.30 on Binance, according to TradingView. This surge completed a two-day climb from roughly $108,950 and eclipsed the previous day's peak of $112,000. But the real story lies in the liquidations. Over $50 million in Bitcoin shorts were liquidated in just one hour. More recently, a staggering $687.22 million in Bitcoin shorts were liquidated in a single hour, according to CoinGlass. These liquidations acted as rocket fuel, propelling Bitcoin even higher, exceeding $116,000.

根據TradingView的數據，7月10日，比特幣的二手幣達到了112,787.30美元。這次激增完成了為期兩天的攀升，從大約108,950美元攀升，並黯然失色，前一天的峰值為112,000美元。但是真實的故事在於清算。短短一小時內清算了超過5000萬美元的比特幣短褲。根據Coinglass的說法，最近，一小時內清算了一個驚人的6.8722億美元的比特幣短褲。這些清算充當火箭燃料，推動比特幣甚至超過116,000美元。

What's Driving the Surge?

是什麼驅動激增？

Several factors contributed to this impressive rally. Spot Bitcoin exchange-traded funds (ETFs) registered $218 million in net creations on July 9th, marking the fifth consecutive positive session. This surge pushed cumulative inflows above $50 billion. BlackRock’s IBIT led the charge, demonstrating strong institutional demand. Macro conditions also played a role, with the dollar index slipping after Federal Reserve minutes suggested potential rate cuts “later this year.” Concerns about the inflationary effects of new US tariffs also added fuel to the fire.

幾個因素導致了這一令人印象深刻的集會。 7月9日，現場比特幣交易所交易基金（ETF）在7月9日獲得了2.18億美元的淨創作，標誌著連續第五次正式會議。這次激增推動了累計流入超過500億美元。貝萊德（Blackrock）的伊比特（Ibit）領導了這一指控，表明機構需求強勁。宏觀條件也發揮了作用，在美聯儲的會議記錄中，美元指數在“今年晚些時候”的潛在利率下降後滑倒。對新美國關稅的通貨膨脹影響的擔憂也增加了火災的燃料。

Leverage Reset Unlocks Upside

利用重置解鎖上漲空間

Bitcoin futures on CME and Binance traded at annualized premiums of 9% to 11%, considered a neutral zone for this cycle. This suggests that directional bets are subdued compared to the 35% extremes seen during March's run-up. The market isn't overly leveraged, creating more room for upward movement. Technical analysis points to support around $107,000 and overhead resistance near $112,800 to $113,000.

CME和Binance的比特幣期貨以9％至11％的年度保費交易，被認為是該週期的中性區。這表明，與3月份的前進期間35％的極端情況相比，定向賭注被屈服了。市場不會過於利用，從而為向上移動創造了更多的空間。技術分析點要支持約$ 107,000，並在112,800美元至113,000美元之間的限額支付額外電阻。

Is This Just a Squeeze?

這只是擠壓嗎？

Transaction data indicates that short-term holders realized modest gains during the rally. The MVRV Z-Score, a metric used to gauge market euphoria, remains well below the threshold seen in past cycles. This suggests that while prices are high, the market isn't necessarily in a state of irrational exuberance. Analyst Martin Folb suggests Bitcoin has moved past a key accumulation zone, potentially targeting $125k and eventually $160k.

交易數據表明，短期持有人在集會期間實現了適度的收益。 MVRV Z得分是用於衡量市場欣快感的指標，遠低於過去週期中看到的閾值。這表明，儘管價格很高，但市場不一定處於非理性的繁榮狀態。分析師馬丁·福爾布（Martin Folb）建議比特幣已越過一個關鍵的積累區，可能目標是$ 125K，最終以16萬美元的價格目標。

The Bottom Line

底線

Bitcoin's recent surge, fueled by short liquidations and strong ETF demand, highlights the market's volatility and potential for explosive moves. Whether this is a sustainable rally or just a short squeeze remains to be seen. However, one thing is clear: betting against Bitcoin can be a costly game!

比特幣最近的激增源於短暫的清算和強勁的ETF需求，強調了市場的波動性和爆炸性移動的潛力。這是否是可持續的集會，還是只是短暫的擠壓，還有待觀察。但是，有一件事很清楚：針對比特幣的投注可能是一款昂貴的遊戲！

So, buckle up, folks! It's gonna be a wild ride. Will Bitcoin continue its ascent, or will the bears reclaim control? Only time will tell. But for now, let's enjoy the show and maybe… just maybe… DCA a little bit. 😉

所以，搭扣，伙計們！這將是一個瘋狂的旅程。比特幣會繼續上升，還是熊收回控制？只有時間會證明。但是現在，讓我們享受節目，也許……也許……DCA有點。 😉