比特币[BTC]收回了100000美元的地区，并攀升至$ 103443

比特币[BTC]在过去72小时内收回了100,000美元的地区，并攀升至103,443美元。

Bitcoin [BTC] has been showing strength as it trades above the $100,000 mark. However, on-chain and derivatives data suggest that the bulls’ momentum might be slowing down.

比特币[BTC]的实力超过了100,000美元。但是，链和衍生物的数据表明，公牛的动力可能正在减慢。

Bitcoin price remained above the crucial $100,000 psychological level for the third consecutive day on Tuesday, July 11.

7月11日星期二连续第三天，比特币价格保持在关键的100,000美元心理水平之上。

According to Binance’s daily chart, BTC last closed above this level on 3rd February. Naturally, such a breakout would suggest growing momentum.

根据Binance的每日图表，BTC在2月3日上一次关闭。自然，这样的突破会暗示增长的势头。

However, on-chain and derivatives data tell a different story—one where leverage is drying up, and whale conviction is slipping.

但是，链和衍生物的数据讲述了一个不同的故事 - 杠杆正在干燥的地方，鲸鱼的信念正在滑倒。

Bitcoin whales’ momentum is weakening

比特币鲸的动量正在减弱

Bullish sentiment among Bitcoin whales in the derivatives market is weakening.

衍生品市场中比特币鲸之间的看涨情绪正在减弱。

Historically, when Bitcoin rallies to the $103,000 level, Open Interest usually hovers above $68 billion. However, that’s not the case now.

从历史上看，当比特币集会达到103,000美元时，开放利息通常徘徊在680亿美元以上。但是，现在事实并非如此。

At press time, Bitcoin’s Open Interest stood at $61.3 billion, suggesting traders were opening fewer positions than before.

发稿时，比特币的开放兴趣为613亿美元，表明交易者的开业职位比以前更少。

Image: Alphractal

图像：字母

The Whale Position Sentiment revealed that whales were currently closing their long positions, signaling a shift in the market.

鲸鱼的情绪表明，鲸鱼目前正在关闭其长位置，这表明市场发生了变化。

Since whales control significant liquidity, their exit from long positions suggests declining sentiment and the likelihood of a short-term correction for Bitcoin.

由于鲸鱼控制着大量的流动性，因此他们从长位置退出表明情绪下降和比特币短期校正的可能性。

Where is Bitcoin heading?

比特币标题在哪里？

To determine where Bitcoin might decline to, AMBCrypto analyzed the Liquidation Heatmap for liquidity clusters.

为了确定比特币可能拒绝的地方，Ambcrypto分析了流动性簇的清算热图。

Liquidity clusters are levels on the chart that typically attract price action, indicated by shaded areas. A liquidity cluster above the current price implies a likely rally to that level; a cluster below the price indicates an approaching drop.

流动性群集是图表上通常吸引价格动作的水平，这是由阴影区域指示的。高于当前价格的流动性集群可能意味着该水平的集会。低于价格的集群表示接近下降。

First, there’s a key liquidity pocket around $98,500, with over $103 million in leverage stacked. Should selling intensify, price could wick down into that zone.

首先，有一个约98,500美元的关键流动性袋，有超过1.03亿美元的杠杆量。应该销售加剧，价格可能会陷入该区域。

The deeper cluster lies between $93,400 and $92,900—housing over $500 million in liquidation leverage. If bearish pressure builds, this zone becomes a magnet.

该较深的集群在93,400至92,900美元之间，其清算杠杆率超过5亿美元。如果造成看跌压力，该区域将成为磁铁。

Image: CoinGlass

图像：小店

These remain the key levels to watch in the market, as price could likely decline to these zones.

这些仍然是市场上关注的关键水平，因为价格可能会下降到这些区域。

What factors are likely to influence a price drop?

哪些因素可能会影响价格下跌？

Further fueling bearish odds, the Exchange Whale Ratio climbed to 0.4, reflecting increased whale activity on centralized exchanges.

进一步加剧了看跌的赔率，交换鲸的比率升至0.4，反映了集中式交流的鲸鱼活动增加。

Image: CryptoQuant

图像：加密

Whale Inflows of BTC into centralized exchanges provide further proof.

BTC进入集中交流的鲸鱼流入提供了进一步的证明。

Three notable moves include a 1,500 BTC transfer (approximately $154 million) into Coinbase, and two 500 BTC transfers—together worth $103 million—into Robinhood.

三个值得注意的举动包括Coinbase的1,500 BTC转移（约1.54亿美元）和两次500 BTC转移（价值1.03亿美元）的转移。

Such movements from private wallets into centralized exchanges typically indicate intentions to sell.

从私人钱包到集中交易的这种运动通常表明出售意图。

On top of that, the BTC/ETH chart continues to bleed, suggesting that capital is rotating out of Bitcoin and into other assets, including Ethereum [ETH].

最重要的是，BTC/ETH图表继续流血，这表明资本正在从比特币中旋转，并转向其他资产，包括以太坊[ETH]。

Image: TradingView

图像：TradingView

This chart has trended downward since the start of the year, and the recent rally confirms that more sellers than buyers are currently trading Bitcoin.

自今年年初以来，该图表一直向下趋势，最近的集会证实，卖家比买家目前正在交易比特币。

In summary, if whales continue selling and liquidity keeps flowing out of Bitcoin, the asset is likely to drop notably.

总而言之，如果鲸鱼继续销售，并且流动性不断从比特币中流出，那么资产可能会大大减少。