宏鏈索引閃光燈自2022年以來首次購買信號，提示比特幣（BTC）正在進入新的公牛運行

準確地表明2022市場底部的關鍵比特幣（BTC）指標剛剛閃爍了另一個買入信號，這表明加密貨幣可能正在進入新的牛階段。

A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the cryptocurrency may be entering a new bull phase.

準確地表明2022市場底部的關鍵比特幣（BTC）指標剛剛閃爍了另一個買入信號，這表明加密貨幣可能正在進入新的牛階段。

The indicator, known as the Macro Chain Index (MCI), is a composite of several long-term on-chain and macroeconomic metrics. It tracks factors such as accumulation behavior, network activity, and supply trends to determine whether Bitcoin is undervalued or overvalued relative to its historical cycle position.

該指標稱為宏鏈指數（MCI），是幾個長期鍊和宏觀經濟指標的綜合。它跟踪諸如累積行為，網絡活動和供應趨勢等因素，以確定比特幣相對於其歷史週期位置被低估還是高估。

According to Alpha Extract, the creators of the MCI, the most important part of the chart is the RSI (Relative Strength Index) of the MCI (purple). In April, the RSI crossed above its 52-week moving average (yellow), which has historically confirmed the start of Bitcoin bull runs.

根據Alpha提取物的說法，MCI的創建者是圖表中最重要的部分是MCI（紫色）的RSI（相對強度指數）。 4月，RSI超過了其52週的移動平均線（黃色），這在歷史上已經證實了比特幣公牛跑步的開始。

This RSI crossover previously appeared in 2015 ahead of Bitcoin’s surge to $20,000, in 2019 before the run to $65,000, and in late 2022 just before BTC bottomed near $15,500.

此RSI跨界車先前於2015年出現在比特幣的增長到20,000美元之前，在2019年之前，在運行至65,000美元之前，在2022年底，BTC觸底了15,500美元。

If historical patterns hold, the April 2025 crossover means the beginning of a new bull run, especially as several other indicators also point to Bitcoin breaking above its key psychological resistance at $100,000.

如果歷史模式成立，2025年4月的跨界意味著新的公牛奔跑的開始，尤其是其他一些指標也指出比特幣的破壞高於其關鍵的心理抵抗力，為100,000美元。

“Our Macro Chain Index fired a long signal, the first buy signal since 2022, when it successfully went long at the absolute bottom,” Alpha Extract emphasized in a recent post.

Alpha提取物在最近的一篇文章中強調說：“我們的宏鏈指數發射了一個長的信號，這是自2022年以來的第一個購買信號。”

Bitcoin dipped by as much as 32% after establishing a record high of nearly $110,000 in January, a sharp decline caused primarily by US President Donald Trump’s global trade war. BTC formed a local low below $74,450 in early April, but has since recovered to around $95,650 amid signs that it is “decoupling” from an otherwise bearish US stock market.

一月份建立了近110,000美元的創紀錄量後，比特幣下降了多達32％，這主要是美國總統唐納德·特朗普的全球貿易戰爭造成的急劇下降。 BTC在4月初成立了低於74,450美元的當地低點，但此後恢復到95,650美元左右，表明它與原本看跌的美國股票市場“脫在一起”。

Bitcoin open interest recovers by $2.2 billion in April

4月，比特幣開放利息在4月份恢復了22億美元

The recent price rebound is also being supported by strong activity in the futures markets, particularly on Binance.

最近的價格反彈也得到了期貨市場的強大活動的支持，尤其是在二元方面。

Between January and early April, open interest (OI) on the exchange dropped from $11.9 billion to $7.5 billion, marking a 36.9% decline and signaling reduced confidence and lower leverage during the market downturn. But the trend flipped in mid-April.

在1月至4月初之間，交易所的開放利息（OI）從119億美元下降到75億美元，標誌著在市場下跌期間的信心下降36.9％，信號降低了信心和降低的槓桿作用。但是趨勢在4月中旬翻轉。

Over the past three weeks, traders pushed OI up by 29.3%, from $7.5 billion to $9.7 billion, aligning with Bitcoin’s price rise in spot markets.

在過去的三周中，交易者將OI提高了29.3％，從75億美元增加到97億美元，與現貨市場中比特幣的價格上漲保持一致。

This synchronized rise in price and OI shows that traders are entering new long positions, not just closing shorts. It signals growing confidence in Bitcoin’s upside.

價格上漲的同步上漲和OI表明，交易者正在進入新的長位置，而不僅僅是關閉短褲。它標誌著對比特幣上漲空間的信心越來越大。

Furthermore, funding rates have stayed mostly positive, which means long-position holders are paying short sellers, a typical sign that the market expects higher prices.

此外，籌資率主要保持積極的態度，這意味著長位持有人正在向賣空者支付短賣方，這是市場預期更高價格的典型跡象。

The rising open interest and positive funding rates attest to the renewed bullish momentum, and if this continues, we might see Bitcoin surging towards $100,000 in the coming days.

開放利息的上升和正面的融資率證明了新的看漲勢頭，如果這種勢頭持續下去，我們可能會發現，在接下來的幾天裡，比特幣飆升至100,000美元。