在重新恢复生命之前

在四月的最后几天，比特币的价格有些慢，随后再次开始栩栩如生，开始了5月的新月。

The price of Bitcoin was somewhat slow in the last days of April before bursting to life again to begin the new month of May. The premier cryptocurrency has since made a return near $98,000, flirting with the highly coveted $100,000 level to kick off the weekend.

在四月的最后几天，比特币的价格有些慢，随后再次开始栩栩如生，开始了5月的新月。此后，总理加密货币的回报率接近98,000美元，并与令人垂涎的100,000美元水平调情，在周末开始。

Since losing the $100,000 price mark in early February, BTC has struggled to put up any major positive run in the past three months. The latest on-chain data suggests that the dream of reclaiming a six-figure valuation might truly be on, with the Bitcoin price looking to resume its bull run.

自2月初损失了100,000美元的价格以来，BTC在过去三个月中一直在努力进行任何重大积极跑步。最新的链链数据表明，收回六位数估值的梦想可能确实可以实现，而比特币的价格希望恢复其公牛。

What Negative Funding Rates Mean For BTC Price?

BTC价格的负资金率是多少？

In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha revealed that the Bitcoin funding rates on Binance have witnessed a significant decline in the past few days. The “funding rate” indicator is a metric that measures the periodic fee exchanged between traders in the derivatives (perpetual futures) market.

在最近在加密平台上的QuickTake帖子中，链链分析师Amr Taha透露，在过去几天中，Binance的比特币融资率见证了大幅下降。 “资金率”指标是一个指标，可衡量衍生品（永久期货）市场中交易者之间交换的定期费用。

A high or positive funding rate signals that the long traders (investors with buy positions) are paying a fee to short traders (investors with sell positions). This direction of the periodic payment typically indicates a dominant bullish sentiment in that particular market.

长交易者（具有买入头寸的投资者）正在向短交易者（具有卖出职位的投资者）支付高的融资率信号。定期付款的这一方向通常表明该特定市场中的看涨情绪。

On the flip side, when the funding rate metric has a negative value, it implies that investors with short positions are paying traders with buy positions in the derivatives market. This funding rate trend signals that the market is being dominated by the bears.

另一方面，当筹资率指标具有负值时，这意味着头寸短的投资者正在向交易者支付在衍生品市场中具有买入头寸的交易者。这种融资率趋势信号表明市场由熊队主导。

According to data from CryptoQuant, the Bitcoin funding rate on Binance, the world’s largest crypto exchange by trading volume, has fallen into a deeply negative territory around -0.0008%. This development reflects a significant shift in the current market sentiment and dynamics.

根据CryptoQuant的数据，通过交易量通过交易量的全球最大的加密货币交换的比特币融资率已跌至-0.0008％的深度负面领土。这一发展反映了当前市场情绪和动态的重大转变。

In their Quicktake post, Taha attributed the recent decline in the funding rate to the aggressive selling by the Bitcoin retail traders. The on-chain analyst then correlated the selling pressure to fear amongst market participants rather than “fundamental weakness.”

塔哈（Taha）在他们的QuickTake帖子中将筹资率最近的下降归因于比特币零售商人的积极销售。然后，链分析师将销售压力与市场参与者之间的恐惧相关联，而不是“根本的弱点”。

Taha noted that when the funding rates become too negative, the Bitcoin market often becomes susceptible to a short squeeze, where short traders are forced to cover their positions due to rising prices — fueling a further upside move. Moreover, extremely low funding rates have been historically correlated with local price bottoms, preceding bullish trend reversals.

塔哈指出，当资金率太负面时，比特币市场通常会因短暂的挤压而容易受到损害，在这种情况下，由于价格上涨，短交易者被迫掩盖其头寸，这加剧了进一步的上涨。此外，在历史上，极低的资金率与当地价格最低点有关，在看涨趋势逆转之前。

Bitcoin Price At A Glance

比特币价格一目了然

As of this writing, the price of BTC stands at around $96,950, reflecting a 2% increase in the past 24 hours. Suppose BTC’s recent bullish momentum and the latest on-chain observations are anything to go by; there's a strong chance of the premier cryptocurrency making a return above $100,000 this weekend.

截至撰写本文时，BTC的价格约为96,950美元，反映了过去24小时的2％。假设BTC最近的看涨势头和最新的链观测值是必不可少的。本周末，总理的加密货币很有可能使回报率超过100,000美元。