玻璃節警告：比特幣市場還沒有完全看好

根據On-Chain Analytics平台玻璃節的最新報告，比特幣市場尚未果斷地過渡到一個完全的過渡

On-chain analytics platform Glassnode has warned that the Bitcoin market has yet to fully transition into a bullish phase despite growing signs of institutional interest.

On-Chain Analytics Platform玻璃節點警告說，儘管越來越多的機構興趣跡象，比特幣市場尚未完全過渡到看漲階段。

This past Saturday saw U.S. spot Bitcoin ETFs record a record net inflow of $1.5 billion, a move which Glassnode described as a strong indicator of institutional demand.

在過去的星期六，我們發現了比特幣ETFS記錄創紀錄的淨流入15億美元，這一舉動將其描述為機構需求的強烈指標。

The capital influx briefly pushed Bitcoin above the Short-Term Holder (STH) Cost Floor of $92,900, a key level which is often seen as the line between bearish and bullish conditions.

資本湧入將比特幣短暫地推高了短期持有人（STH）成本92,900美元，這是一個關鍵水平，通常被視為看跌和看跌條件之間的界限。

During this rally, about 5% of Bitcoin’s circulating supply changed hands, and the Percentage of Supply in Profit rose from 82.7% to 87.3%. However, many short-term holders appeared to be taking profits, pushing the STH Profit/Loss (P/L) Ratio to 1.0 — a metric which is typically associated with increased risk of exits.

在這次集會期間，比特幣循環供應的約5％易手，利潤供應的百分比從82.7％增加到87.3％。但是，許多短期持有人似乎正在獲利，將STH的盈利/損失（P/L）比率提高到1.0，這通常與出口風險增加有關。

In the futures market, open interest rose by 15.6%, while funding rates turned negative. Glassnode interprets this divergence as an increase in short positions, even as prices rise, which could set the stage for a short squeeze if upward pressure continues.

在期貨市場中，開放興趣上漲了15.6％，而籌資率則為負。 GlassNode將這種分歧解釋為短缺的增加，即使價格上漲，如果向上壓力繼續下去，這可能為短暫的擠壓奠定基礎。

“While Bitcoin’s move above the STH cost floor is encouraging, it has yet to be confirmed as sustainable support,” the report stated. “The market is at a key decision point.”

報告說：“儘管比特幣的移動超過了STH成本底層令人鼓舞，但尚未確認為可持續支持。” “市場是一個關鍵的決策點。”

The post Glassnode Warns: Bitcoin Market Not Fully Bullish Yet appeared first on Benzinga.

玻璃諾德警告：比特幣市場尚未完全看漲，但首先出現在本辛加。

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