主要交易所的比特币融资利率仍为负

数据显示，在比特币价格突破 57,000 美元大关后，衍生品交易所用户仍在做空比特币。

Bitcoin (CRYPTO: BTC) derivatives users are still betting against the apex cryptocurrency despite the coin’s recent recovery, which has taken the coin past the $57,000 level.

比特币（CRYPTO：BTC）衍生品用户仍在做空这种顶级加密货币，尽管该货币最近有所复苏，已突破 57,000 美元的水平。

What Happened: According to data from Santiment, investors have been shorting BTC for the last few days. One indicator of interest in this regard is the “Funding Rate,” which tracks the periodic fee that derivatives contract traders on a given exchange are paying each other right now.

发生了什么：根据 Santiment 的数据，过去几天投资者一直在做空 BTC。在这方面感兴趣的一个指标是“资金费率”，它跟踪特定交易所的衍生品合约交易者目前相互支付的定期费用。

When the value of this metric is positive, it means the long contract holders are paying a premium to the short investors in order to keep their positions. Such a trend implies a bullish sentiment is shared by the majority.

当该指标的值为正数时，这意味着多头合约持有者正在向空头投资者支付溢价以保持其头寸。这种趋势意味着大多数人都持有看涨情绪。

On the other hand, the indicator being negative suggests the shorts are outweighing the longs, so a bearish mentality can be assumed to be the dominant one in the sector.

另一方面，该指标为负值表明空头超过多头，因此可以认为看跌心态是该行业的主导心态。

Here is a chart that shows the trend in the Bitcoin Funding Rate for two platforms, Binance and BitMEX, over the last month:

下图显示了币安和 BitMEX 两个平台过去一个月的比特币资金费率趋势：

Bitcoin Funding Rate On Binance and BitMEX Chart: Santiment

Binance 和 BitMEX 图表上的比特币融资利率：Santiment

As can be seen in the chart above, the Bitcoin Funding Rate on both of these platforms had achieved large negative levels around the price bottom a few days back.

从上图可以看出，几天前这两个平台上的比特币融资利率都在价格底部附近达到了大幅负值。

This implies that derivatives users had been expecting the coin’s decline to continue further. The bet of these Binance and BitMEX traders clearly didn’t work out, though, as the coin has been going up since then. In fact, the liquidation of these investors is likely what has facilitated the rebound from the bottom.

这意味着衍生品用户一直预计该货币将进一步下跌。不过，这些币安和 BitMEX 交易员的押注显然没有成功，因为自那时以来，比特币一直在上涨。事实上，这些投资者的清盘很可能是推动股市从底部反弹的原因。

Bitcoin continued this surge during the past 24 hours, breaking past the $57,000 level. According to data from CoinGlass, this BTC surge and the uplift across the rest of the sector have caused almost $123 million in liquidations.

比特币在过去 24 小时内继续飙升，突破了 57,000 美元的水平。根据 CoinGlass 的数据，比特币的飙升以及该行业其他部分的上涨已导致近 1.23 亿美元的清算。

Out of these, over $88 million of the liquidations have involved the short investors, with Bitcoin shorts alone making up for around $34 million of the flush.

其中，超过 8800 万美元的清算涉及空头投资者，其中仅比特币空头就弥补了约 3400 万美元的平仓。

As displayed in the Funding Rate chart, though, the metric has still continued to be negative on these platforms, suggesting that bearish speculators haven’t let up even after this heavy beating.

不过，正如资金费率图表所示，这些平台上的指标仍然为负，这表明即使在遭受重创之后，看跌投机者也没有放松。

But as it has already happened in this surge so far, these positions could end up finding liquidation, thus fueling the price surge even further. It now remains to be seen if Bitcoin will continue to go contrary to this expectation held by the majority of the derivatives investors or not.

但由于迄今为止在这次飙升中已经发生了这种情况，这些头寸最终可能会被清算，从而进一步推动价格飙升。现在比特币是否会继续违背大多数衍生品投资者的预期还有待观察。

BTC Price Action: At the time of writing, Bitcoin is trading at around $57,000, up more than 3% over the last 24 hours.

BTC 价格走势：截至撰写本文时，比特币交易价格约为 57,000 美元，在过去 24 小时内上涨超过 3%。