过去一周的比特币（BTC）价格行动在很大程度上是赎回的

比特币在过去一周中的价格动作在很大程度上是赎回的，因为总理加密货币将其位置在心理上100,000美元以上

The price action of Bitcoin (BTC) over the past week was largely redemptive, as the premier cryptocurrency reclaimed its place above the psychological $100,000 mark. This recent burst of bullish momentum mirrors a healthily growing sentiment amongst investors.

在过去一周中，比特币（BTC）的价格动作在很大程度上是赎回的，因为总理加密货币将其位置在心理$ 100,000的高度之上。最近的看涨势头反映了投资者中一种健康增长的情绪。

On Friday, May 15, the Bitcoin price reached as high as $103,800 — its highest level since January. However, the latest on-chain data shows the absence of investor activity in the derivatives market, typically seen when BTC’s value hits this level.

5月15日，星期五，比特币价格高达103,800美元，这是自1月以来的最高水平。但是，最新的链链数据表明，衍生品市场没有投资者活动，通常在BTC的价值达到该水平时会出现。

BTC Price Rally About To Hit A Roadblock?

BTC Price Rally即将撞到障碍？

In a recent post on the social media platform X, crypto analytics platform Alphractal shared that the open interest (OI) has not quite moved in tandem with the Bitcoin price over the past few days. The open interest metric measures the total amount of money flowing into BTC derivatives at any given time.

在社交媒体平台X上的最新帖子中，加密分析平台Alphractal分享说，开放兴趣（OI）在过去几天中并没有完全与比特币价格同步。开放利息指标衡量在任何给定时间流入BTC衍生品的总金额。

Rising open interest is often considered a bullish signal for the premier cryptocurrency, especially as it suggests fresh capital influx into the market. Ultimately, this trend suggests improving investor sentiment and surging trader confidence.

开放兴趣的上升通常被认为是主要的加密货币的看涨信号，尤其是因为它暗示了新的资本涌入市场。最终，这一趋势表明，提高了投资者的情绪并激发了交易者的信心。

According to data from Alphractal, the current aggregated OI for Bitcoin (valued at around $103,000) stands at an estimated $61.3 billion. The last time BTC was at this monumental price, the open interest was more than $68 billion.

根据Alphractal的数据，当前的比特币的总OI（价值约为103,000美元）为613亿美元。 BTC上次以巨大的价格出售，公开利息超过680亿美元。

With the current Bitcoin open interest less than the OI the last time price was at $103,000, Alphractal noted that this trend suggests lower leverage and reduced activity in crypto’s largest market. The analytics firm further explained that this phenomenon could be due to either recent waves of liquidations or position closures.

由于目前的比特币开放兴趣低于OI的最后一次价格为103,000美元，Alphractal指出，这种趋势表明，加密货币最大的市场的杠杆作用和活动降低。这家分析公司进一步解释说，这种现象可能是由于最近的清算浪或位置封闭。

In the post on X, Alphractal revealed other reasons why the flagship cryptocurrency’s price might be at risk of a short-term correctional movement. The relevant on-chain metric backing this bearish projection is the Whale Position Sentiment.

在X上的帖子中，Alphractal揭示了旗舰加密货币价格可能有短期惩教的风险的其他原因。相关的链式指标支持这种看跌的投影是鲸鱼位置情绪。

The Whale Position Sentiment metric tracks both the directional bias and trading behavior of large holders. It typically reflects the net positioning of whales, their market sentiment, and also changes in open positions.

鲸鱼位置情绪指标跟踪大型持有人的方向偏见和交易行为。它通常反映出鲸鱼的净定位，其市场情绪以及开放位置的变化。

According to the latest observations by Alphractal, the Total Futures Market open interest is lower than the last time the Bitcoin price crossed the $103,000 level.

根据Alphractal的最新观察结果，总的期货市场开放兴趣低于上次比特币价格超过103,000美元的水平。

Alphractal concluded that the drop in the Whale Position Sentiment reflects large investors’ interest in closing long positions, thereby shifting market sentiment. If the metric continues to drop, the on-chain analytics firm inferred that it could lead to price stagnation, or worse, a correction.

Alphractal得出的结论是，鲸鱼位置情绪的下降反映了大型投资者对结束长期职位的兴趣，从而改变了市场情绪。如果指标继续下降，则链上分析公司推断，它可能导致价格停滞，或更糟糕的是更正。

As of this writing, the price of BTC stands at $103,035, reflecting no significant movement in the 24 hours. While the recent bullish momentum suggests that the premier cryptocurrency could hit a new all-time high in the coming days, investors might want to exercise caution, considering recent on-chain observations

截至撰写本文时，BTC的价格为103,035美元，反映出24小时内没有重大移动。虽然最近的看涨势头表明，考虑到最近的链上观察结果，投资者可能会谨慎行事，但投资者可能会谨慎行事，但总理的加密货币可能会达到新的历史最高水平