专业交易员表现出韧性，比特币经受住了风暴

比特币跌至 56,000 美元，几天之内损失了近 5% 的价值。然而，专业交易员表现出了一定的韧性。

Bitcoin fell to $56,000 on Monday, losing nearly 5% of its value over the past few days. However, professional traders are showing some resilience, as evidenced by moderate liquidations and market indicators that suggest an unexpected stability—a stark contrast to previous phases of volatility.

比特币周一跌至 56,000 美元，在过去几天里损失了近 5% 的价值。然而，专业交易员正表现出一定的韧性，适度的清算和市场指标表明出乎意料的稳定，这与之前的波动阶段形成鲜明对比。

Bitcoin’s التجار تحملوا العاصفةrollercoaster ride continues as the world’s leading cryptocurrency dropped to $55,860, having reached $59,090 earlier in the month. This跌幅prompted the liquidation of long positions on the futures market. Available data shows that nearly $58 million was liquidated. This relatively modest amount indicates that long-term investors were not caught off guard by this decline, which is why they don’t seem to have used excessive leverage. In fact, the premium on Bitcoin futures contracts remains at 6% despite this situation. Such a level is considered neutral, as it falls between 5% and 10%.

比特币的价格像过山车一样继续，世界领先的加密货币在本月早些时候达到 59,090 美元，跌至 55,860 美元。此次跌幅促使期货市场多头头寸被清算。现有数据显示，近 5800 万美元被清算。这一相对适中的金额表明，长期投资者并未因此次下跌而措手不及，这就是为什么他们似乎没有使用过多的杠杆。事实上，尽管如此，比特币期货合约的溢价仍保持在 6%。这样的水平被认为是中性的，因为它在 5% 到 10% 之间。

Moreover, Bitcoin options, another key market indicator, also reveal this lack of widespread pessimism. The delta skew, which measures the difference between call and put option prices, has remained stable around 3% in recent days, well below the 7% threshold that would indicate fear of a more significant correction. In short, even if Bitcoin is down, professional traders are not anticipating a further drastic drop in the immediate future.

此外，另一个关键市场指标比特币期权也揭示了这种普遍悲观情绪的缺乏。衡量看涨期权和看跌期权价格之间差异的 Delta 偏度最近几天一直稳定在 3% 左右，远低于 7% 的阈值，该阈值表明人们担心会出现更大幅度的调整。简而言之，即使比特币下跌，专业交易者也预计不会在不久的将来进一步大幅下跌。

The recent employment figures released in the United States, notably the ADP report, showed the creation of 99,000 jobs in August, which fell short of expectations. This data impacted Bitcoin’s momentum, as it fueled concerns about the Federal Reserve’s ability to avoid a recession and control inflation, although they are not sufficient on their own to trigger a massive wave of Bitcoin sales.

美国近期公布的就业数据，尤其是ADP报告显示，8月份新增就业岗位9.9万个，低于预期。这一数据影响了比特币的势头，因为它加剧了人们对美联储避免衰退和控制通胀能力的担忧，尽管它们本身不足以引发大规模的比特币销售浪潮。

Monetary policy and tensions around the upcoming US presidency add a layer of uncertainty that could influence Bitcoin. If the history of halving cycles repeats itself, Bitcoin could still see a recovery in the coming months. If this trend continues, a rebound could materialize by the end of the year.

货币政策和即将上任的美国总统的紧张局势增加了一层可能影响比特币的不确定性。如果减半周期的历史重演，比特币在未来几个月仍可能出现复苏。如果这种趋势持续下去，年底可能会出现反弹。

Even if Bitcoin’s decline fuels speculation about the end of a bullish cycle, technical indicators and macroeconomic data still do not offer clear signals of a widespread bearish trend.

即使比特币的下跌引发了有关看涨周期结束的猜测，但技术指标和宏观经济数据仍然没有提供普遍看跌趋势的明确信号。

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A graduate of Sciences Po Toulouse and holder of a blockchain consultant certification from Alyra, I joined the Cointribune adventure in 2019. Convinced of blockchain’s potential to transform numerous sectors of the economy, I am committed to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. I strive each day to provide an objective analysis of the news, to decipher market trends, to relay the latest technological innovations, and to put the economic and societal challenges of this unfolding revolution into perspective.

我毕业于图卢兹政治学院，并持有 Alyra 的区块链顾问认证，于 2019 年加入了 Cointribune 冒险之旅。我坚信区块链具有改变众多经济部门的潜力，因此致力于提高认识并让公众了解这一点-不断发展的生态系统。我的目标是让每个人都能更好地了解区块链并抓住它提供的机会。我每天都努力对新闻进行客观分析，解读市场趋势，传播最新的技术创新，并正确看待这场正在展开的革命所面临的经济和社会挑战。