加密数据揭示了：Binance Traders缩短了 - 是比特币的逆转吗？

链分析平台的最新见解加密征兆突出了交易者行为对二元的显着转变。

Recent insights shared by on-chain analytics platform CryptoQuant highlight a notable shift in trader behavior on Binance. A surge in short positions, a sharp drop in open interest, and spot market resilience may suggest that Bitcoin is entering an accumulation phase—possibly setting the stage for a trend reversal.

链分析平台的最新见解加密征兆突出了交易者行为对二元的显着转变。短暂的位置激增，开放兴趣的急剧下降，现货市场的弹性可能表明比特币正在进入累积阶段，这可能是为趋势逆转的阶段。

Binance’s open interest hit an all-time high of $12 billion, reflecting aggressive long positioning. Following a sharp correction in BTC price, open interest dropped to $7.5 billion—a 37% plunge. According to CryptoQuant, this flush likely forced many over-leveraged longs to exit, clearing the path for an increase in short positions.

Binance的开放兴趣达到了120亿美元的历史最高点，这反映了积极的长期位置。在BTC价格进行急剧更正后，开放息息降至75亿美元，暴跌了37％。据隐式阵线称，这种冲洗很可能迫使许多过度杠杆的渴望退出，从而清理了增加短位置的道路。

CryptoQuant’s data also notes that Binance funding rates peaked around 0.04%, showing strong long bias at the time. However, as Bitcoin pulled back from the $75K mark, the funding rate fell and recently turned negative. This indicates that short sellers are now paying longs—a sign that bearish sentiment is overtaking the market.

加密的数据还指出，二手资金率在0.04％左右达到峰值，当时显示出强烈的长偏差。但是，随着比特币从75,000美元的商标退回时，资金率下降了，最近变成负面。这表明卖空者现在付出了渴望，这表明看跌的情绪正在超过市场。

CryptoQuant: "Binance perpetual futures funding rate went below zero for the first time since September 2024. Usually, when the funding rate becomes heavily negative, it’s due to a strong build-up of short positions. In the past, this has led to short squeezes as the unbalanced market pushes for a return to neutral."

加密量：“自2024年9月以来，Binance Perpetual Futural Futures筹资率首次低于零。通常，当资金率变得很大时，这是由于较短的职位的强劲积累。过去，这导致了短暂的挤压，因为市场不平衡地推动了返回中性的市场。”

However, despite bearish futures data, CryptoQuant points out a critical divergence: the spot price of Bitcoin is trading roughly $60 higher than its perpetual futures counterpart on Binance. This gap implies that while futures markets are dominated by shorts, spot market participants may be accumulating.

然而，尽管看跌期货数据，CryptoQuant指出了一个关键的差异：比特币的现货价格大约比其永久性期货高约60美元。该差距意味着，尽管期货市场以短裤为主，但现货市场参与者可能正在积累。

This divergence between spot accumulation and futures pessimism can often signal a hidden bullish undercurrent, especially in pre-reversal market setups.

斑点积累与未来的悲观主义之间的这种差异通常可以表明隐藏的看涨暗流，尤其是在反转前市场设置中。

After a period of heightened volatility, Bitcoin price seems to be stabilizing, trading in a tight range. As the market adjusts to this new phase, could we be seeing the beginning of an accumulation period that may eventually set the stage for a reversal of the bear trend?

经过一段时间的波动性，比特币价格似乎正在稳定，交易范围很紧。随着市场适应这个新阶段，我们是否可以看到累积时期的开始，最终可能为逆转熊趋势奠定了基础？

This combination suggests the market may be in a reset or accumulation phase, not a full breakdown. Traders should watch closely for volatility and potential reversal signals, especially if short-term pressure builds further.

这种组合表明市场可能处于重置或累积阶段，而不是完全崩溃。交易者应密切关注波动和潜在的逆转信号，尤其是在短期压力进一步增加的情况下。