比特币（BTC）期货开放兴趣达到了新的历史最高点，因为市场预计继续向上势头

比特币（BTC）期货开放兴趣（OI）在加密衍生品交易所的创纪录水平上达到了创纪录的水平，因为交易者预计加密货币将继续并达到新的历史最高点。

Bitcoin futures open interest has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs.

比特币期货开放兴趣在加密衍生品交易所的创纪录水平上达到了创纪录的水平，因为交易者预计加密货币将继续并达到新的历史最高点。

Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass. It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices.

根据Coinglass的数据，比特币（BTC）期货开放兴趣达到了5月23日的高峰超过800亿美元。自5月初以来，这增加了30％，因为预期比特币价格更高的衍生品投机者会加重杠杆。

Open interest is the total number of outstanding futures contracts that allow traders to bet on the future price of Bitcoin, which have not been settled or closed, showing the total amount of current market speculation.

公开利息是未偿还期货合约的总数，允许交易者押注尚未解决或关闭的比特币的未来价格，显示了当前市场投机的总量。

When OI surges, it indicates massive leveraged positions are built up in the market, with lots of traders holding large positions with borrowed money.

当OI涌现时，它表明在市场上建立了大量的杠杆头寸，许多交易者拥有借钱的大量职位。

If Bitcoin’s price moves against these over-leveraged positions, traders get forcibly liquidated, and the flushout can create selling pressure on Bitcoin, which can cause a rapid drop in prices and high volatility.

如果比特币的价格在这些过度杠杆率的头寸上转移，则交易者被强行清算，而冲洗量可能会对比特币造成销售压力，这可能会导致价格迅速下降和高波动性。

However, analysts suggest the surge in spot Bitcoin exchange-traded fund (ETF) inflows, which have seen more than $2.5 billion this week, can counter some of that extended leverage.

但是，分析人士认为，本周超过25亿美元的现货比特币交换基金（ETF）流入的激增可以抵抗一些扩展的杠杆作用。

Related: Crypto perp futures coming ‘very soon,’ says CFTC’s Mersinger

相关：CFTC的Mersinger说，Crypto Perp期货即将到来

Bitcoin options markets show a similar pattern with open interest over $1.5 billion at the $110,000 and $120,000 strike prices on the Deribit exchange. There is also more than $1 billion in OI at strike prices of $115,000, $125,000, and $130,000.

比特币期权市场显示出类似的模式，开放兴趣超过15亿美元，以110,000美元的价格和120,000美元的deribit Exchange价格。 OI也有超过10亿美元的行使价格为115,000美元，125,000美元和130,000美元。

Around $2.76 billion worth of notional value contracts are due to expire on May 23 with a put/call ratio of 1.2%, meaning there are more short (put) sellers than longs (call), and a max pain point of $103,000, where most losses will be made on expiry, according to Deribit.

根据Deribit的数据，约有价值约27.6亿美元的名义价值合同将于5月23日到期，预计率为1.2％，这意味着卖方比长期卖方（呼叫）更短（call），最大痛苦点为103,000美元，其中大多数损失将在有效期内造成。

Bitcoin slips below $111,000

比特币滑倒低于$ 111,000

Meanwhile, Bitcoin has slightly lost its recent gains and briefly slipped below $111,000 on Coinbase, according to TradingView.

同时，根据TradingView的数据，比特币在Coinbase上略有损失，短暂滑倒了111,000美元。

The asset has now seen a 20% gain since the beginning of the year and almost 50% since its crash to $75,000 on April 7 following US President Donald Trump’s announcement of global tariffs.

自今年年初以来，该资产现在已经获得20％的收益，自4月7日坠毁至75,000美元以来，美国总统唐纳德·特朗普（Donald Trump）宣布全球关税。

Bitcoin hit a new all-time high of $112,000 on May 22 and had mostly traded just above $111,000 over the last 24 hours, but had again slipped below the level at 4:15 am UTC on May 23.

比特币在5月22日达到了112,000美元的新历史最高点，在过去的24小时内交易额略高于111,000美元，但在5月23日上午4:15的水平再次低于该水平。