CryptoQuant 的主要作者 Maartunn 研究了最近的市場走勢，並強調了五個關鍵圖表來解釋加密貨幣價格的巨大變化。
Bitcoin's price has dropped over 10% in the past two days, falling from $65,062 to $58,053. This decrease comes as enthusiasm over potential Federal Reserve interest-rate cuts has faded. Over the past three months, Bitcoin has fallen by 12% and is currently trading 20% below its peak of nearly $74,000, which was reached in March.
過去兩天，比特幣價格下跌超過 10%，從 65,062 美元跌至 58,053 美元。這一下降是由於人們對聯準會可能降息的熱情已經消退。在過去的三個月裡，比特幣下跌了 12%，目前的交易價格比 3 月達到的近 74,000 美元的峰值低了 20%。
A leading author at CryptoQuant, Maartunn, has examined this recent market movement and highlighted five key charts that explain the dramatic shifts in cryptocurrency prices.
CryptoQuant 的主要作者 Maartunn 研究了最近的市場走勢，並強調了五個關鍵圖表來解釋加密貨幣價格的巨大變化。
5 Key Charts on the Recent Price Drop Breaking Down the Market Shifts
近期價格下跌的 5 個關鍵圖表打破了市場變化
Maartunn, a prominent author at CryptoQuant, has analyzed the recent market movement and identified five key charts that help explain the dramatic shifts in cryptocurrency prices. Short-Term Holders Create Resistance One significant factor in the recent drop is the resistance created by short-term holders. These holders, who bought Bitcoin at higher prices, are now experiencing losses. Earlier this month, Bitcoin's sharp decline left these short-term holders with an average 17% loss. As the price recovered to their average cost, they sold around break-even, creating resistance that contributed to the ongoing price struggles. Rising Open Interest The rise in Open Interest up 31% from $13.5 billion to $17.9 billion since August 5th indicates increased speculation in the Bitcoin futures market. However, positive Funding Rates suggest a premium on perpetual contracts, further adding to market instability. Bitcoin ETFs Inflow In Green Amid the price decline, the U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are experiencing strong performance, with eight consecutive days of net inflows totaling $195.65 million. Meanwhile, another led CryptoQuant's author IT Tech noted that these inflows primarily came from large holders, adding additional strain to already unstable futures positions. Surge in Long Liquidations The recent price drop has led to a significant increase in liquidations. Ethereum long liquidations surged to $55 million, and Bitcoin long liquidations reached $90 million, marking the highest levels since early August. This surge in liquidations has caused Open Interest to drop by $2.2 billion, as many traders were forced to exit their positions. Market Stabilization Needed The recent market turmoil has left many traders in precarious positions. As a result, the market will need some time to stabilize. Monitoring on-chain data in the coming days will be crucial for understanding future price movements and market conditions.
CryptoQuant 的著名作者 Maartunn 分析了最近的市場走勢，並確定了五個關鍵圖表，有助於解釋加密貨幣價格的巨大變化。短期持有者產生阻力近期下跌的一個重要因素是短期持有者產生的阻力。這些以更高價格購買比特幣的持有者現在正在遭受損失。本月早些時候，比特幣的大幅下跌讓這些短期持有者平均損失了 17%。當價格恢復到平均成本時，他們在盈虧平衡點附近出售，形成了阻力，導致了持續的價格鬥爭。自 8 月 5 日以來，未平倉合約增加了 31%，從 135 億美元增加到 179 億美元，這表明比特幣期貨市場的投機活動增加。然而，正的資金利率顯示永續合約有溢價，進一步加劇了市場的不穩定。比特幣ETF流入呈綠色 在價格下跌的情況下，美國現貨比特幣(BTC)交易所交易基金(ETF)表現強勁，連續八天淨流入總計1.9565億美元。同時，另一位知名 CryptoQuant 的作者 IT Tech 指出，這些資金流入主要來自大型持有者，這給了本已不穩定的期貨部位增添了額外的壓力。多頭清算激增 最近的價格下跌導致清算大幅增加。以太坊多頭清算激增至 5,500 萬美元，比特幣多頭清算達到 9,000 萬美元，創下 8 月初以來的最高水準。清算激增導致未平倉合約減少 22 億美元，因為許多交易者被迫平倉。市場需要穩定 最近的市場動盪使許多交易者處境岌岌可危。因此，市場需要一段時間才能穩定下來。未來幾天監控鏈上數據對於了解未來價格走勢和市場狀況至關重要。
