比特币（BTC）价格预测：尽管卖出压力增长

在上周回报率超过100,00美元之后，比特币在最近几天的持有量上保持良好的持续效果。尽管旗舰加密货币保留了六位数的估值，但其价格行动仍缺乏势头，正如上周的表现所吸引的那样。

Bitcoin (BTC) price has struggled to gain momentum above the $100,000 level in recent days, though it’s still holding up well above the six-figure mark. After returning above $100,000 in the previous week, the flagship cryptocurrency has fought well to maintain its hold above the critical psychological barrier.

比特币（BTC）的价格在最近几天仍在努力获得超过100,000美元水平的势头，尽管它仍然远远超过了六位数的成绩。在上周返回超过100,000美元之后，旗舰加密货币已经进行了良好的斗争，以维持其超过关键的心理障碍。

However, despite this valiant effort, Bitcoin’s price has yet to show any signs of breaking out to fresh highs, which could be attributed to the sluggishness and apparent indecision in the BTC market, as highlighted by last week’s performance.

然而，尽管这项勇敢的努力，比特币的价格尚未显示出任何突破新鲜高点的迹象，这可能归因于BTC市场上的低迷和明显的犹豫不决，这是上周表现的强调。

According to recent analysis by blockchain analytics firm Glassnode, the apparent sluggishness in the Bitcoin market can be attributed to significant selling pressure in the derivatives market. Interestingly, the latest on-chain data shows that the Bitcoin price still has room for additional growth.

根据区块链分析公司GlassNode的最新分析，比特币市场的明显迟缓归因于衍生品市场的巨大销售压力。有趣的是，最新的链链数据表明，比特币价格仍然有额外增长的空间。

Options Market Data Shows Shift In Trader Sentiment

期权市场数据显示交易者情绪的变化

In a May 16 post on the X platform, Glassnode shared fresh on-chain insights suggesting a rise in bullish sentiment amongst Bitcoin options traders. The relevant indicator here is the 1-month 25 Delta Skew, which compares the implied volatility of bullish bets (call options) to the bearish bets (put options).

在5月16日在X平台上的一篇文章中，GlassNode共享了新的链上见解，表明比特币期权交易员的看涨情绪上升。这里的相关指标是1个月的25 delta偏斜，它将看涨赌注（呼叫选项）的隐含波动与看跌赌注（PUT选项）进行了比较。

Generally, a positive value for the 1-month 25 Delta Skew indicator signals that put options are more expensive than calls. This suggests that traders are more interested in hedging against downside risk than for betting on the price of Bitcoin moving higher.

通常，1个月25个增量偏斜指示灯信号的正值比呼叫更昂贵。这表明，交易者对对冲下行风险更感兴趣，而不是押注比特币的价格上涨。

On the other hand, a negative value for the 1-month 25 Delta Skew indicator signals that calls are more expensive than puts. This suggests that traders are more willing to bet on the price of Bitcoin moving higher than for protection against downside exposure.

另一方面，1个月25个三角洲偏斜指示器的负值比puts更昂贵。这表明，交易者更愿意下注比比特币的价格高于防止下行暴露的价格。

According to data from Glassnode, the 1-month 25 Delta Skew metric recently witnessed a drop to around -6.1%. This decline, the analytics platform noted, signifies that call options now carry higher implied volatility compared to put options.

根据GlassNode的数据，1个月的25 Delta偏斜指标最近见证了约-6.1％的下降。分析平台指出，这种下降表示，与POT选项相比，呼叫选项现在具有更高的隐含波动率。

This options market trend means that there is now increasing bullish sentiment amongst Bitcoin traders, as they lean more into betting on the BTC price rising. Glassnode also pointed out that this increasing bullish sentiment reflects a risk-on environment, where traders and investors are more willing to risk their funds.

这种期权市场趋势意味着现在比特币交易者的看涨情绪正在增加，因为他们更多地倾向于投注BTC价格上涨。 GlassNode还指出，这种越来越多的看涨情绪反映了一个风险的环境，在这种环境中，交易者和投资者更愿意冒险冒险。

Historically, a negative 25 Delta Skew is a strong bullish sentiment indicator, as it usually precedes further appreciation of the Bitcoin price. Moreover, current options data not only supports BTC’s upward movement, but could also serve as a positive catalyst for more growth as additional long positions enter the market.

从历史上看，负25偏差是一个强烈的看涨情绪指标，因为它通常在对比特币价格的进一步欣赏之前。此外，当前的选项数据不仅支持BTC的向上移动，而且还可以作为积极的催化剂，随着额外的长位置进入市场而增长的积极催化剂。

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 $102,800, reflecting an over 1% decline in the past 24 hours. However, the world’s largest cryptocurrency is still up by more than 70% since the start of the year.

截至撰写本文时，BTC的价格约为102,800美元，反映了过去24小时的下降超过1％。但是，自今年年初以来，世界上最大的加密货币仍增加了70％以上。