加密數據揭示了：Binance Traders縮短了 - 是比特幣的逆轉嗎？

鏈分析平台的最新見解加密徵兆突出了交易者行為對二元的顯著轉變。

Recent insights shared by on-chain analytics platform CryptoQuant highlight a notable shift in trader behavior on Binance. A surge in short positions, a sharp drop in open interest, and spot market resilience may suggest that Bitcoin is entering an accumulation phase—possibly setting the stage for a trend reversal.

鏈分析平台的最新見解加密徵兆突出了交易者行為對二元的顯著轉變。短暫的位置激增，開放興趣的急劇下降，現貨市場的彈性可能表明比特幣正在進入累積階段，這可能是為趨勢逆轉的階段。

Binance’s open interest hit an all-time high of $12 billion, reflecting aggressive long positioning. Following a sharp correction in BTC price, open interest dropped to $7.5 billion—a 37% plunge. According to CryptoQuant, this flush likely forced many over-leveraged longs to exit, clearing the path for an increase in short positions.

Binance的開放興趣達到了120億美元的歷史最高點，這反映了積極的長期位置。在BTC價格進行急劇更正後，開放息息降至75億美元，暴跌了37％。據隱式陣線稱，這種沖洗很可能迫使許多過度槓桿的渴望退出，從而清理了增加短位置的道路。

CryptoQuant’s data also notes that Binance funding rates peaked around 0.04%, showing strong long bias at the time. However, as Bitcoin pulled back from the $75K mark, the funding rate fell and recently turned negative. This indicates that short sellers are now paying longs—a sign that bearish sentiment is overtaking the market.

加密的數據還指出，二手資金率在0.04％左右達到峰值，當時顯示出強烈的長偏差。但是，隨著比特幣從75,000美元的商標退回時，資金率下降了，最近變成負面。這表明賣空者現在付出了渴望，這表明看跌的情緒正在超過市場。

CryptoQuant: "Binance perpetual futures funding rate went below zero for the first time since September 2024. Usually, when the funding rate becomes heavily negative, it’s due to a strong build-up of short positions. In the past, this has led to short squeezes as the unbalanced market pushes for a return to neutral."

加密量：“自2024年9月以來，Binance Perpetual Futural Futures籌資率首次低於零。通常，當資金率變得很大時，這是由於較短的職位的強勁積累。過去，這導致了短暫的擠壓，因為市場不平衡地推動了返回中性的市場。”

However, despite bearish futures data, CryptoQuant points out a critical divergence: the spot price of Bitcoin is trading roughly $60 higher than its perpetual futures counterpart on Binance. This gap implies that while futures markets are dominated by shorts, spot market participants may be accumulating.

然而，儘管看跌期貨數據，CryptoQuant指出了一個關鍵的差異：比特幣的現貨價格大約比其永久性期貨高約60美元。該差距意味著，儘管期貨市場以短褲為主，但現貨市場參與者可能正在積累。

This divergence between spot accumulation and futures pessimism can often signal a hidden bullish undercurrent, especially in pre-reversal market setups.

斑點積累與未來的悲觀主義之間的這種差異通常可以表明隱藏的看漲暗流，尤其是在反轉前市場設置中。

After a period of heightened volatility, Bitcoin price seems to be stabilizing, trading in a tight range. As the market adjusts to this new phase, could we be seeing the beginning of an accumulation period that may eventually set the stage for a reversal of the bear trend?

經過一段時間的波動性，比特幣價格似乎正在穩定，交易範圍很緊。隨著市場適應這個新階段，我們是否可以看到累積時期的開始，最終可能為逆轉熊趨勢奠定了基礎？

This combination suggests the market may be in a reset or accumulation phase, not a full breakdown. Traders should watch closely for volatility and potential reversal signals, especially if short-term pressure builds further.

這種組合表明市場可能處於重置或累積階段，而不是完全崩潰。交易者應密切關注波動和潛在的逆轉信號，尤其是在短期壓力進一步增加的情況下。