比特币（BTC）集会超过了以前的历史最高成绩，将收益延长至$ 111,888

比特币在周三的USD和USDT市场上超过了其以前的历史最高高位，并扩大了收益

Bitcoin (BTC) pushed past its previous all-time high in the USD and USDT markets on Wednesday and extended gains on Thursday, climbing to a peak of $111,880. Bitcoin’s breakout failed to usher euphoria among traders and the reaction on derivatives traders was muted, relative to previous BTC price rallies.

比特币（BTC）在周三的美元和美元市场上超越了以前的有史以来高涨，并在周四延长了收益，攀升至高峰111,880美元。相对于以前的BTC价格集会，比特币的突破未能引起交易者的欣快感，对衍生品交易者的反应被静音。

Analysts at 10xResearch and Amberdata are in agreement on the fact that spot market strength and not speculation, is driving gains in BTC. Bitcoin’s rally beyond $111,000 failed to kick in a euphoria among traders and the long/short ratio across top derivatives exchanges is above 1. While this indicates that traders are bullish on BTC and expect further gains, on previous instances like the 2017 and 2020 cycles, the ratio exceeded 2.

10xResearch和Amberdata的分析师同意以下事实：现货市场实力而不是猜测正在驱动BTC的收益。比特币超过111,000美元的拉力赛未能在交易者中引起欣喜若狂，最高衍生品交易所的长/短比率高于1。这表明交易者对BTC的看法是看涨的，并且预计在2017年和2020年周期之类的以前的情况下，该比率超过了2。

The 24-hour liquidation data shows $175 million in shorts liquidations and over $47 million in long positions were liquidated. Bearish traders are being punished for betting against Bitcoin price rally, but the key question is, how high will Bitcoin go?

24小时的清算数据显示，短裤清算票价为1.75亿美元，清算了超过4700万美元的长位置。看跌贸易商因对比特币价格集会的投注而受到惩罚，但关键问题是，比特币将有多高？

Bitcoin futures open interest chart on Coinglass shows a massive spike in OI. Open derivatives contracts in Bitcoin crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, signaling strength in the BTC uptrend. Traders are confident of further gains in Bitcoin price.

比特币期货在coinglass上的开放兴趣图表显示了OI的巨大飙升。 5月22日，比特币的开放衍生品合同在OI中总计780亿美元。OI与比特币价格一起攀升，这是BTC上升趋势的信号。交易者对比特币价格进一步收益充满信心。

Funding rate has been positive since May 8, consistency in the green bars in the funding rate chart below shows how derivatives traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset, in the case of Bitcoin this supports a thesis of gains.

自5月8日以来，资金率一直是正面的，下面的资金率图表中的绿色条的一致性显示了衍生品交易者如何将自己定位为比特币的进一步上行空间。积极的融资率为资产的看涨叙事提供了支持，在比特币的情况下，这支持了收益论文。

Ethereum (ETH) struggles to attract institutional inflows even as ETH rallies alongside Bitcoin (BTC) in its price discovery. Altcoins in the top 50 cryptocurrencies ranked by market capitalization are in the green, rallying in the last 24 hours.

以太坊（ETH）努力吸引机构流入，即使在其价格发现中与比特币（BTC）一起集会。在市场资本化排名的前50个加密货币中，山顶属于绿色，在过去的24小时内集会。

Analysts at 10xResearch and Amberdata are in agreement on the fact that BTC’s rally is being driven by strong derivatives market activity.

10xResearch和Amberdata的分析师同意BTC的集会是由强大的衍生品市场活动驱动的。

Bitcoin futures saw a massive spike in OI. Open derivatives contracts in Bitcoin crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, which is currently testing resistance at $111,000.

比特币期货在OI中有很大的峰值。 5月22日，比特币的开放衍生品合同在OI中总计780亿美元。OI与比特币价格一起攀升，比特币价格目前正在测试阻力为111,000美元。

Funding rates have been consistently positive since May 8, and traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset.

自5月8日以来，资金率一直是积极的，交易者正在将自己定位为比特币的进一步上行空间。积极的融资率为资产的看涨叙述提供了。

The long/short ratio across top derivatives exchanges is above 1, which indicates that traders are bullish on BTC and expect further gains. However, on previous instances like the 2017 and 2020 cycles, the ratio used to exceed 2, at least in the second half of the year.

顶级衍生品交换的长/短比率高于1，这表明交易者对BTC看涨，并期望进一步的收益。但是，在像2017年和2020年周期这样的以前的情况下，至少在下半年，该比率过去了2。

The 24-hour liquidation data shows $175 million in shorts liquidations and over $47 million in long positions were liquidated. Bearish traders are being punished for betting against Bitcoin price rally.

24小时的清算数据显示，短裤清算票价为1.75亿美元，清算了超过4700万美元的长位置。看跌商人因对比特币价格集会的投注而受到惩罚。

Bitcoin futures saw a massive spike in OI. Open derivatives contracts in the world’s leading cryptocurrency crossed a total of $78 billion in OI on May 22. OI is climbing alongside Bitcoin price, which is currently testing resistance at $111,000.

比特币期货在OI中有很大的峰值。 5月22日，全球领先的加密货币的开放衍生品合同在OI中总计780亿美元。

Funding rates have been consistently positive since May 8, and traders are positioning themselves for further upside in Bitcoin. A positive funding rate fuels a bullish narrative for an asset.

自5月8日以来，资金率一直是积极的，交易者正在将自己定位为比特币的进一步上行空间。积极的融资率为资产的看涨叙述提供了。

The long/short ratio across top derivatives exchanges is above 1, which indicates that traders are bullish on BTC and expect further gains. However, on previous instances like the 2017 and 2020 cycles, the ratio used to exceed 2, at least in the second half of the year.

顶级衍生品交换的长/短比率高于1，这表明交易者对BTC看涨，并期望进一步的收益。但是，在像2017年和2020年周期这样的以前的情况下，至少在下半年，该比率过去了2。

The 24-hour liquidation data shows $175 million in shorts liquidawhich is a key level to watch. A break above this zone could open the door for a move toward the 141.4% Fibonacci retracement level at $127,352.

24小时清算数据显示，莱斯维希奇（Lilesawhich）的1.75亿美元是值得关注的关键水平。在该区域上方的突破可以打开大门，以朝着141.4％的斐波那契回撤水平迈出127,352美元。

The 50% Fibonacci retracement level from April 7 low to May 22 peak is at $96,404, which is a key support zone for Bitcoin. A break below this level could signal that the current rally is running out of steam.

4月7日至5月22日峰值的50％斐波那契回撤水平为96,404美元，这是比特币的关键支撑区。低于此级别的突破可能表明电流集会用尽了蒸汽。

Bitcoin is currently trading at $110,000, up over 100% since the start of the year. The cryptocurrency is now the 10th most valuable asset in the world, according to CoinMarketCap.

比特币目前的交易价格为110,000美元，自今年年初以来超过100％。根据CoinMarketCap的数据，该加密货币现在已成为世界上第十大最有价值的资产。

Despite its recent gains, Bitcoin is still a volatile asset and its price could fluctuate significantly in the short term. However, the long-term outlook for Bitcoin remains positive, as the cryptocurrency is becoming increasingly mainstream and accepted by institutions.

尽管它最近获得了收益，但比特币仍然是一种波动的资产，其价格在短期内可能会大大波动。但是，比特币的长期前景仍然是积极的，因为加密货币越来越主流并被机构所接受。

Ethereum (ETH) on-chain data shows a slight increase

以太坊（ETH）链链数据显示出略有增加