比特币短裤被挤压：价格飙升和清算躁狂症！

比特币的疯狂骑行仍在继续！最近的价格激增引发了大量的短暂清算，进一步加剧了集会。这是更大的东西的开始，还是只是短暂的挤压？

Bitcoin Shorts Get Squeezed: Price Surge and Liquidation Mania!

比特币短裤被挤压：价格飙升和清算躁狂症！

Bitcoin is back in the spotlight, and this time it's personal… for the shorts! Recent market activity has been nothing short of explosive, with significant price surges triggering a cascade of short liquidations. Let's dive into what's happening and what it all means.

比特币又重新成为聚光灯，这一次是个人的……对于短裤！最近的市场活动简直是爆炸性的，价格急剧上涨引发了一系列短暂的清算。让我们深入了解正在发生的事情以及一切的含义。

Bitcoin Blasts Past $112,000: Shorts Pay the Price

比特币爆炸超过$ 112,000：短裤支付价格

On July 10th, Bitcoin reached a new all-time high of $112,787.30 on Binance, according to TradingView. This surge completed a two-day climb from roughly $108,950 and eclipsed the previous day's peak of $112,000. But the real story lies in the liquidations. Over $50 million in Bitcoin shorts were liquidated in just one hour. More recently, a staggering $687.22 million in Bitcoin shorts were liquidated in a single hour, according to CoinGlass. These liquidations acted as rocket fuel, propelling Bitcoin even higher, exceeding $116,000.

根据TradingView的数据，7月10日，比特币的二手币达到了112,787.30美元。这次激增完成了为期两天的攀升，从大约108,950美元攀升，并黯然失色，前一天的峰值为112,000美元。但是真实的故事在于清算。短短一小时内清算了超过5000万美元的比特币短裤。根据Coinglass的说法，最近，一小时内清算了一个惊人的6.8722亿美元的比特币短裤。这些清算充当火箭燃料，推动比特币甚至超过116,000美元。

What's Driving the Surge?

是什么驱动激增？

Several factors contributed to this impressive rally. Spot Bitcoin exchange-traded funds (ETFs) registered $218 million in net creations on July 9th, marking the fifth consecutive positive session. This surge pushed cumulative inflows above $50 billion. BlackRock’s IBIT led the charge, demonstrating strong institutional demand. Macro conditions also played a role, with the dollar index slipping after Federal Reserve minutes suggested potential rate cuts “later this year.” Concerns about the inflationary effects of new US tariffs also added fuel to the fire.

几个因素导致了这一令人印象深刻的集会。 7月9日，现场比特币交易所交易基金（ETF）在7月9日获得了2.18亿美元的净创作，标志着连续第五次正式会议。这次激增推动了累计流入超过500亿美元。贝莱德（Blackrock）的伊比特（Ibit）领导了这一指控，表明机构需求强劲。宏观条件也发挥了作用，在美联储的会议记录中，美元指数在“今年晚些时候”的潜在利率下降后滑倒。对新美国关税的通货膨胀影响的担忧也增加了火灾的燃料。

Leverage Reset Unlocks Upside

利用重置解锁上涨空间

Bitcoin futures on CME and Binance traded at annualized premiums of 9% to 11%, considered a neutral zone for this cycle. This suggests that directional bets are subdued compared to the 35% extremes seen during March's run-up. The market isn't overly leveraged, creating more room for upward movement. Technical analysis points to support around $107,000 and overhead resistance near $112,800 to $113,000.

CME和Binance的比特币期货以9％至11％的年度保费交易，被认为是该周期的中性区。这表明，与3月份的前进期间35％的极端情况相比，定向赌注被屈服了。市场不会过于利用，从而为向上移动创造了更多的空间。技术分析点要支持约$ 107,000，并在112,800美元至113,000美元之间的限额支付额外电阻。

Is This Just a Squeeze?

这只是挤压吗？

Transaction data indicates that short-term holders realized modest gains during the rally. The MVRV Z-Score, a metric used to gauge market euphoria, remains well below the threshold seen in past cycles. This suggests that while prices are high, the market isn't necessarily in a state of irrational exuberance. Analyst Martin Folb suggests Bitcoin has moved past a key accumulation zone, potentially targeting $125k and eventually $160k.

交易数据表明，短期持有人在集会期间实现了适度的收益。 MVRV Z得分是用于衡量市场欣快感的指标，远低于过去周期中看到的阈值。这表明，尽管价格很高，但市场不一定处于非理性的繁荣状态。分析师马丁·福尔布（Martin Folb）建议比特币已越过一个关键的积累区，可能目标是$ 125K，最终以16万美元的价格目标。

The Bottom Line

底线

Bitcoin's recent surge, fueled by short liquidations and strong ETF demand, highlights the market's volatility and potential for explosive moves. Whether this is a sustainable rally or just a short squeeze remains to be seen. However, one thing is clear: betting against Bitcoin can be a costly game!

比特币最近的激增源于短暂的清算和强劲的ETF需求，强调了市场的波动性和爆炸性移动的潜力。这是否是可持续的集会，还是只是短暂的挤压，还有待观察。但是，有一件事很清楚：针对比特币的投注可能是一款昂贵的游戏！

So, buckle up, folks! It's gonna be a wild ride. Will Bitcoin continue its ascent, or will the bears reclaim control? Only time will tell. But for now, let's enjoy the show and maybe… just maybe… DCA a little bit. 😉

所以，搭扣，伙计们！这将是一个疯狂的旅程。比特币会继续上升，还是熊收回控制？只有时间会证明。但是现在，让我们享受节目，也许……也许……DCA有点。 😉