随着未平仓合约的暴跌，加密货币市场情绪消失

XRP、Solana 和 Dogecoin 等主要加密货币的未平仓合约 (OI) 在过去一个月大幅下降了 51%，反映出市场参与者兴趣的丧失。 OI 是评估市场情绪和预测价格走势的关键指标，其下降反映了比特币减半和 FTX 崩溃后市场的不稳定和不确定性。资金从山寨币流入比特币也推动了这一趋势，增强了比特币在加密市场的主导地位。

Crypto Open Interest Plummets as Market Sentiment Evaporates

随着市场情绪的消失，加密货币持仓量暴跌

The cryptocurrency landscape has witnessed a dramatic plunge in open interest (OI) across major digital assets, signaling waning interest and growing uncertainty among market participants. In the past month alone, the combined OI of XRP (XRP), Solana (SOL), and Dogecoin (DOGE) has nosedived by a staggering 51%.

加密货币领域主要数字资产的未平仓头寸（OI）急剧下降，表明市场参与者的兴趣减弱和不确定性增加。仅在过去一个月，XRP (XRP)、Solana (SOL) 和 Dogecoin (DOGE) 的总 OI 就急剧下降了 51%。

OI serves as a pivotal metric for traders and analysts, reflecting the aggregate value of outstanding futures contracts for a given asset across exchanges. Its decline indicates a diminished appetite for speculation and a growing reluctance to place bets on future price movements.

OI 是交易者和分析师的一个关键指标，反映了跨交易所特定资产的未平仓期货合约的总价值。其下跌表明投机兴趣减弱，并且越来越不愿意押注未来价格走势。

Dogecoin, ranked among the top nine cryptocurrencies by market capitalization, has suffered the most substantial OI loss, plummeting by 64% to $668.2 million since April 1, as per CoinGlass data. Solana's OI currently stands at $1.51 billion, representing a 47% decrease over the same period. XRP's OI has also taken a hit, declining by 44% to $497.67 million.

根据 CoinGlass 的数据，按市值排名前九位的加密货币中的狗狗币遭受了最严重的 OI 损失，自 4 月 1 日以来暴跌 64% 至 6.682 亿美元。 Solana 的 OI 目前为 15.1 亿美元，同比下降 47%。 XRP 的 OI 也受到打击，下跌 44% 至 4.9767 亿美元。

This OI downturn has coincided with broader market instability, where traders grapple with indecision and are increasingly hesitant to stake their positions. Crypto trader TheoTrader aptly observed, "Open interest close to all-time lows since FTX nuke," highlighting the stark similarity to OI levels during the infamous collapse of the FTX crypto exchange in November 2022.

OI 的低迷恰逢更广泛的市场不稳定，交易者犹豫不决，越来越犹豫是否要持仓。加密货币交易员 TheoTrader 恰当地观察到，“自 FTX 核武以来，未平仓合约接近历史低点”，强调了与 2022 年 11 月臭名昭著的 FTX 加密货币交易所崩溃期间的 OI 水平明显相似。

The aftermath of the April 20 Bitcoin halving has further exacerbated market uncertainty, with Bitcoin miner revenue reaching new yearly lows. This event has sparked concerns about a potential market correction, albeit the severity of such a correction remains shrouded in uncertainty. As a result, fewer traders are venturing into new positions.

4 月 20 日比特币减半的后果进一步加剧了市场的不确定性，比特币矿商收入创下年度新低。这一事件引发了人们对潜在市场调整的担忧，尽管这种调整的严重程度仍然笼罩在不确定性之中。因此，冒险进入新头寸的交易者越来越少。

The market malaise has also impacted the top two cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH). BTC's OI has decreased by 21% to $25.58 billion, while its price has fallen by 14.87% to $60,149 at the time of writing, according to CoinMarketCap data. ETH has similarly experienced a 22% drop in OI to $10.02 billion, accompanied by a price decline of 16.67%, hovering just above the crucial support level of $3,005.

市场低迷还影响了市值排名前两位的加密货币：比特币（BTC）和以太币（ETH）。根据 CoinMarketCap 的数据，截至撰写本文时，BTC 的 OI 已下降 21% 至 255.8 亿美元，而其价格已下跌 14.87% 至 60,149 美元。 ETH 的 OI 也同样下跌 22% 至 100.2 亿美元，价格下跌 16.67%，徘徊在 3,005 美元的关键支撑位上方。

Over the past 30 days, capital has been steadily shifting away from altcoins and towards Bitcoin. Consequently, Bitcoin dominance, representing BTC's share of the total crypto market capitalization, has risen by 2.13% to reach 54.77%, as indicated by TradingView data.

在过去的 30 天里，资本一直在稳步从山寨币转向比特币。因此，根据 TradingView 的数据显示，比特币的主导地位（即 BTC 在加密货币总市值中所占的份额）上升了 2.13%，达到 54.77%。

It is crucial to emphasize that this article is not intended to provide investment advice or recommendations. Engaging in any investment or trading activity carries inherent risks, and all readers are strongly advised to conduct thorough research and due diligence before making any decisions.

需要强调的是，本文无意提供投资建议或建议。参与任何投资或交易活动都存在固有风险，强烈建议所有读者在做出任何决定之前进行彻底的研究和尽职调查。