比特币（BTC）矿工表现出信念，因为销售压力达到2024低

比特币[BTC]矿工表现出信念的迹象，销售压力下降到2024年初以来的最低水平。这一趋势反映了增加

Bitcoin (BTC) miners are showing signs of remarkable resilience, with their selling pressure falling to the lowest point since early 2024. This trend, which coincides with a highly leveraged derivatives market, might spell both stability and potential volatility for the flagship cryptocurrency.

比特币（BTC）矿工表现出了显着的弹性迹象，其销售压力下降到2024年初以来的最低点。这种趋势与高度杠杆的衍生品市场相吻合，可能会使旗舰加密货币的稳定性和潜在波动性呈现。

Bitcoin miners holding firm

比特币矿工持有公司

As highlighted by Alphractal’s latest analysis, the final days of August saw Bitcoin miner selling pressure drop to its lowest level since the beginning of 2024. The miner pressure metric, which compares 30-day miner outflows to the average, is now closely hugging the lower band.

正如Alphractal的最新分析所强调的那样，八月的最后几天将比特币矿工的销售压力下降到2024年初以来的最低水平。矿工压力指标（将30天的矿工流出与平均水平进行了比较，现在正紧紧拥抱较低的频段。

This indicator, a keen barometer of miner behavior, typically sees pressure increase during periods of heightened selling, while lower pressure signals that miners prefer to hold onto their BTC - a move that has historically been bullish for price stability.

该指标是矿工行为的敏锐晴雨表，通常会在销售增长期间看到压力增加，而矿工更喜欢保留其BTC的压力信号较低，这一举动历来是对价格稳定的看法。

The last time pressure fell to this extreme, Bitcoin entered a period of relative calm and stability at around $60,000, after which it experienced its next major price move. However, with leveraged long positions on derivatives exchanges currently piling up, especially between $100,000 and $110,000, any abrupt price shift could prompt miners to quickly change their stance, potentially reigniting volatility.

最后一次压力降低了这种极端，比特币进入了一段相对平静和稳定的时期，左右左右约60,000美元，此后经历了下一个主要价格转移。但是，由于目前堆积的衍生工具交易所的长期职位，尤其是在100,000美元至110,000美元之间，任何突然的价格转移都可能促使矿工迅速改变其立场，并有可能重创波动。

Bitcoin liquidation heatmap: A tale of two trends

比特币清算热图：两个趋势的故事

While miners are holding firm, the derivatives market is a bit more fragile, with its fragility being highlighted by Alphractal’s Bitcoin liquidation heatmap.

尽管矿工持有牢固，但衍生品市场有些脆弱，其脆弱性被字母币的比特币清算热图突出了。

The heatmap vividly displays a massive build-up of high-leverage long positions, particularly between the price tiers of $100,000 and $110,000. This indicates that a swift move downward from these levels could cascade into billions in liquidations, ultimately intensifying volatility.

该热图生动地显示出高杠杆长位置的大规模积累，尤其是在100,000美元和110,000美元的价格层之间。这表明迅速从这些级别向下移动可能会层叠成数十亿美元的清算，最终增强了波动性。

Furthermore, nearly all the recent growth in open interest has been driven by leveraged longs, leaving the market heavily tilted. This presents an excellent opportunity for traders, but it also carries a significant risk of sharp downside potential should the market's structure change quickly.

此外，几乎所有最近的开放兴趣增长都是由杠杆式渴望驱动的，使市场倾斜了。这为贸易商带来了绝佳的机会，但如果市场结构迅速变化，它也具有巨大下行潜力的巨大风险。

Bitcoin price outlook

比特币价格前景

In the final hours of August 31, BTC was trading at $104,336, showing a modest intraday decrease of 0.27%. Despite this minor pullback, BTC remained above the critical $100,000 support level.

在8月31日的最后几个小时中，BTC的交易价格为104,336美元，显示出季节的不适中下降0.27％。尽管有一些轻微的回调，但BTC仍然高于关键的100,000美元支持水平。

The Relative Strength Index (RSI) was seen hovering around 75, which signaled overbought conditions and a potential cooldown in buying pressure.

看到相对强度指数（RSI）徘徊在75左右，这表明条件过高和购买压力的潜在冷却。

On the other hand, the On-Balance Volume (OBV) flattened out after recent gains, which might suggest that the momentum of buyers was slowing down.

另一方面，在最近的收益后，体内量（Obv）扁平化了，这可能表明买家的势头正在放缓。

With bullish sentiment still present but leverage risks looming, Bitcoin could either continue to consolidate above $100,000 or face a steeper correction if selling pressure returns.

随着看涨的情绪仍然存在，但利用风险迫在眉睫，比特币可能会继续巩固超过100,000美元的票房，或者如果出售压力回报，则面临更陡峭的纠正。