随着空头受到挤压，比特币 (BTC) 价格可能会升至 100,000 美元

现货累积交易量增量 (CVD) 是首先要注意的。在现货市场上，该指标显示净买入或净卖出总额。

Bitcoin bears might be in trouble, as open interest on the shorts' side is slowly catching up to spot buying volume. This divergence has often preceded short squeezes, which in the case of Bitcoin will likely result in a breakout and a move toward $100,000.

比特币空头可能会遇到麻烦，因为空头的未平仓合约正在慢慢赶上现货购买量。这种背离通常发生在轧空之前，就比特币而言，轧空可能会导致突破并升至 100,000 美元。

The first thing to note is the Spot Cumulative Volume Delta (CVD). This metric shows the net buying or selling on the spot market. In this case, there is a rising spot buy delta, and the Spot CVD is leading with the price. This indicates that the recent rally in Bitcoin price is being driven by the spot market. In other words, as more people are buying Bitcoin on the spot market, the price is going up.

首先要注意的是现货累积交易量增量（CVD）。该指标显示现货市场上的净买入或净卖出。在这种情况下，现货买入增量不断上升，现货 CVD 随价格领先。这表明近期比特币价格的上涨是由现货市场推动的。换句话说，随着越来越多的人在现货市场上购买比特币，价格就会上涨。

Perpetual contracts, however, tell a slightly different story. The Perp CVD is dropping more than the price, indicating bearish sentiment among futures traders. Moreover, there is an increase in perp selling. This suggests that while there is buying pressure in the spot market, the futures market is more likely to be selling.

然而，永续合约的情况略有不同。 Perp CVD 的跌幅超过了价格，表明期货交易商的看跌情绪。此外，永续销售也有所增加。这表明，虽然现货市场存在买盘压力，但期货市场更有可能出现抛售。

The recent surge in Bitcoin price appears to be primarily driven by buying on the spot market. A rising Spot CVD together with the price suggests a strong buying interest.

最近比特币价格的飙升似乎主要是由现货市场购买推动的。现货 CVD 与价格一起上涨表明购买兴趣强劲。

Despite the futures market (perps) showing bearish sentiment, with a decreasing Perp CVD and rising selling pressure.

尽管期货市场 (perps) 表现出看跌情绪，Perp CVD 下降，抛售压力上升。

The increasing spot buy delta may indicate buying momentum. If you're a spot trader looking to buy or hold Bitcoin, this could be a positive sign.

现货购买增量的增加可能表明购买势头。如果您是想要购买或持有比特币的现货交易者，这可能是一个积极的信号。

Futures market: The decreasing Perp CVD indicates bearish sentiment, which could be a warning for those trading futures. The futures market is predominantly selling, which may lead to price adjustments or higher volatility.

期货市场：Perp CVD的下降表明看跌情绪，这可能是对期货交易者的警告。期货市场以抛售为主，这可能会导致价格调整或波动性加大。