比特币 (BTC) 和以太坊 (ETH) 九月底尽管有所下跌，但仍波动较大

比特币 [BTC] 和以太坊 [ETH] 9 月底波动较大，两种资产均出现下跌。空头交易者主导市场

Both Bitcoin [BTC] and Ethereum [ETH] ended September on a mixed note, with both assets experiencing declines. Short-position traders seemed to dominate the market, driving long liquidation volumes higher.

比特币 [BTC] 和以太坊 [ETH] 九月底的表现好坏参半，两种资产均出现下跌。空头交易者似乎主导了市场，推动多头清算量增加。

However, the absence of a significant sell-off seemed to indicate a positive sign for the market.

然而，没有出现大幅抛售似乎表明市场出现了积极迹象。

Bitcoin and Ethereum open interest drops

比特币和以太坊未平仓合约下降

As highlighted by CryptoQuant, both Bitcoin and Ethereum’s open interest (OI) saw noticeable declines during the last trading session. Bitcoin’s open interest dropped from $18.6 billion to $18.1 billion, indicating that traders were closing futures positions.

正如 CryptoQuant 所强调的那样，比特币和以太坊的未平仓合约 (OI) 在上一个交易日均出现明显下降。比特币的未平仓合约从 186 亿美元下降至 181 亿美元，表明交易者正在平仓期货头寸。

This decrease in OI, as a rule, signals lower liquidity, volatility, and interest in derivatives trading, which can potentially lead to a long/short squeeze.

一般来说，持仓量的下降表明流动性、波动性和衍生品交易兴趣下降，这可能会导致多头/空头挤压。

Source: CryptoQuant

来源：CryptoQuant

Similarly, Ethereum’s open interest also saw a slight decline, albeit less significant than Bitcoin’s. At the time of writing, BTC’s open interest has bounced back to $18.3 billion, and ETH’s OI has risen to $9.4 billion, reflecting renewed market activity.

同样，以太坊的未平仓合约也略有下降，尽管幅度不如比特币。截至撰写本文时，BTC 的未平仓合约已反弹至 183 亿美元，ETH 的未平仓合约已升至 94 亿美元，反映出市场活动重新活跃。

Bitcoin and Ethereum prices follow OI trends

比特币和以太坊价格跟随 OI 趋势

The drop in open interest had a direct impact on both Bitcoin and Ethereum prices. Bitcoin experienced a 3.50% decline, falling from $65,600 to $63,301, dipping below its 200-day moving average.

未平仓合约的下降对比特币和以太坊的价格产生了直接影响。比特币下跌 3.50%，从 65,600 美元跌至 63,301 美元，跌破 200 日移动均线。

Source: TradingView

来源：TradingView

Similarly, Ethereum dropped by 2.13%, moving from $2,657 to $2,601, staying below its 200-day moving average but still above the 50-day moving average.

同样，以太坊下跌 2.13%，从 2,657 美元跌至 2,601 美元，低于 200 日移动均线，但仍高于 50 日移动均线。

Source: TradingView

来源：TradingView

At the time of writing, both assets have shown a slight rebound with Bitcoin trading at $63,789 and showing a 0.7% increase, while Ethereum gained over 1%, trading around $2,639.

截至撰写本文时，两种资产均出现小幅反弹，比特币交易价格为 63,789 美元，上涨 0.7%，而以太坊上涨超过 1%，交易价格约为 2,639 美元。

Exchange flows remain stable

外汇流量保持稳定

Despite the recent declines, there hasn’t been a major sell-off. Data from CryptoQuant showed that Bitcoin recorded a negative exchange flow, indicating a balanced flow of BTC into and out of exchanges.

尽管最近有所下跌，但并未出现大规模抛售。 CryptoQuant 的数据显示，比特币交易流量为负，表明 BTC 进出交易所的流量平衡。

On the other hand, Ethereum saw a slight increase in exchange inflows, with 14,000 ETH flowing into exchanges during the last trading session.

另一方面，以太坊的交易所流入略有增加，上一交易日有 14,000 ETH 流入交易所。

However, this volume was not enough to trigger a major sell-off. At the time of writing, the flow has turned negative again, with over 23,000 ETH being withdrawn from exchanges, signaling reduced selling pressure.

然而，这一成交量不足以引发大规模抛售。截至撰写本文时，流量再次转为负值，超过 23,000 个 ETH 从交易所撤出，表明抛售压力有所减轻。

Read Ethereum (ETH) Price Prediction 2024-25

阅读以太坊 (ETH) 价格预测 2024-25

Conclusion

结论

While Bitcoin and Ethereum faced notable declines in the final days of September, the lack of a major sell-off and the slight price rebound suggested a relatively stable market.

尽管比特币和以太坊在 9 月最后几天面临显着下跌，但没有出现大规模抛售，且价格略有反弹，表明市场相对稳定。

Open interest trends and exchange flows indicated that investors were not rushing to exit their positions, showing potential for recovery in the near term.

未平仓合约趋势和外汇流量表明，投资者并不急于平仓，显示出短期内复苏的潜力。