CryptoQuant 的主要作者 Maartunn 研究了最近的市场走势，并强调了五个关键图表来解释加密货币价格的巨大变化。
Bitcoin's price has dropped over 10% in the past two days, falling from $65,062 to $58,053. This decrease comes as enthusiasm over potential Federal Reserve interest-rate cuts has faded. Over the past three months, Bitcoin has fallen by 12% and is currently trading 20% below its peak of nearly $74,000, which was reached in March.
过去两天，比特币价格下跌超过 10%，从 65,062 美元跌至 58,053 美元。这一下降是由于人们对美联储可能降息的热情已经消退。在过去的三个月里，比特币下跌了 12%，目前的交易价格比 3 月份达到的近 74,000 美元的峰值低了 20%。
A leading author at CryptoQuant, Maartunn, has examined this recent market movement and highlighted five key charts that explain the dramatic shifts in cryptocurrency prices.
CryptoQuant 的主要作者 Maartunn 研究了最近的市场走势，并强调了五个关键图表来解释加密货币价格的巨大变化。
5 Key Charts on the Recent Price Drop Breaking Down the Market Shifts
近期价格下跌的 5 个关键图表打破了市场变化
Maartunn, a prominent author at CryptoQuant, has analyzed the recent market movement and identified five key charts that help explain the dramatic shifts in cryptocurrency prices. Short-Term Holders Create Resistance One significant factor in the recent drop is the resistance created by short-term holders. These holders, who bought Bitcoin at higher prices, are now experiencing losses. Earlier this month, Bitcoin's sharp decline left these short-term holders with an average 17% loss. As the price recovered to their average cost, they sold around break-even, creating resistance that contributed to the ongoing price struggles. Rising Open Interest The rise in Open Interest up 31% from $13.5 billion to $17.9 billion since August 5th indicates increased speculation in the Bitcoin futures market. However, positive Funding Rates suggest a premium on perpetual contracts, further adding to market instability. Bitcoin ETFs Inflow In Green Amid the price decline, the U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are experiencing strong performance, with eight consecutive days of net inflows totaling $195.65 million. Meanwhile, another led CryptoQuant's author IT Tech noted that these inflows primarily came from large holders, adding additional strain to already unstable futures positions. Surge in Long Liquidations The recent price drop has led to a significant increase in liquidations. Ethereum long liquidations surged to $55 million, and Bitcoin long liquidations reached $90 million, marking the highest levels since early August. This surge in liquidations has caused Open Interest to drop by $2.2 billion, as many traders were forced to exit their positions. Market Stabilization Needed The recent market turmoil has left many traders in precarious positions. As a result, the market will need some time to stabilize. Monitoring on-chain data in the coming days will be crucial for understanding future price movements and market conditions.
CryptoQuant 的著名作者 Maartunn 分析了最近的市场走势，并确定了五个关键图表，有助于解释加密货币价格的巨大变化。短期持有者产生阻力近期下跌的一个重要因素是短期持有者产生的阻力。这些以更高价格购买比特币的持有者现在正在遭受损失。本月早些时候，比特币的大幅下跌让这些短期持有者平均损失了 17%。当价格恢复到平均成本时，他们在盈亏平衡点附近出售，形成了阻力，导致了持续的价格斗争。自 8 月 5 日以来，未平仓合约增加了 31%，从 135 亿美元增至 179 亿美元，这表明比特币期货市场的投机活动有所增加。然而，正的资金利率表明永续合约存在溢价，进一步加剧了市场的不稳定。比特币ETF流入呈绿色 在价格下跌的情况下，美国现货比特币(BTC)交易所交易基金(ETF)表现强劲，连续八天净流入总计1.9565亿美元。与此同时，另一位知名 CryptoQuant 的作者 IT Tech 指出，这些资金流入主要来自大型持有者，这给本已不稳定的期货头寸增添了额外的压力。多头清算激增 最近的价格下跌导致清算大幅增加。以太坊多头清算激增至 5500 万美元，比特币多头清算达到 9000 万美元，创下 8 月初以来的最高水平。清算激增导致未平仓合约减少 22 亿美元，因为许多交易者被迫平仓。市场需要稳定 最近的市场动荡使许多交易者处境岌岌可危。因此，市场需要一段时间才能稳定下来。未来几天监控链上数据对于了解未来价格走势和市场状况至关重要。
