宏链索引闪光灯自2022年以来首次购买信号，提示比特币（BTC）正在进入新的公牛运行

准确地表明2022市场底部的关键比特币（BTC）指标刚刚闪烁了另一个买入信号，这表明加密货币可能正在进入新的牛阶段。

A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the cryptocurrency may be entering a new bull phase.

准确地表明2022市场底部的关键比特币（BTC）指标刚刚闪烁了另一个买入信号，这表明加密货币可能正在进入新的牛阶段。

The indicator, known as the Macro Chain Index (MCI), is a composite of several long-term on-chain and macroeconomic metrics. It tracks factors such as accumulation behavior, network activity, and supply trends to determine whether Bitcoin is undervalued or overvalued relative to its historical cycle position.

该指标称为宏链指数（MCI），是几个长期链和宏观经济指标的综合。它跟踪诸如累积行为，网络活动和供应趋势等因素，以确定比特币相对于其历史周期位置被低估还是高估。

According to Alpha Extract, the creators of the MCI, the most important part of the chart is the RSI (Relative Strength Index) of the MCI (purple). In April, the RSI crossed above its 52-week moving average (yellow), which has historically confirmed the start of Bitcoin bull runs.

根据Alpha提取物的说法，MCI的创建者是图表中最重要的部分是MCI（紫色）的RSI（相对强度指数）。 4月，RSI超过了其52周的移动平均线（黄色），这在历史上已经证实了比特币公牛跑步的开始。

This RSI crossover previously appeared in 2015 ahead of Bitcoin’s surge to $20,000, in 2019 before the run to $65,000, and in late 2022 just before BTC bottomed near $15,500.

此RSI跨界车先前于2015年出现在比特币的增长到20,000美元之前，在2019年之前，在运行至65,000美元之前，在2022年底，BTC触底了15,500美元。

If historical patterns hold, the April 2025 crossover means the beginning of a new bull run, especially as several other indicators also point to Bitcoin breaking above its key psychological resistance at $100,000.

如果历史模式成立，2025年4月的跨界意味着新的公牛奔跑的开始，尤其是其他一些指标也指出比特币的破坏高于其关键的心理抵抗力，为100,000美元。

“Our Macro Chain Index fired a long signal, the first buy signal since 2022, when it successfully went long at the absolute bottom,” Alpha Extract emphasized in a recent post.

Alpha提取物在最近的一篇文章中强调说：“我们的宏链指数发射了一个长的信号，这是自2022年以来的第一个购买信号。”

Bitcoin dipped by as much as 32% after establishing a record high of nearly $110,000 in January, a sharp decline caused primarily by US President Donald Trump’s global trade war. BTC formed a local low below $74,450 in early April, but has since recovered to around $95,650 amid signs that it is “decoupling” from an otherwise bearish US stock market.

一月份建立了近110,000美元的创纪录量后，比特币下降了多达32％，这主要是美国总统唐纳德·特朗普的全球贸易战争造成的急剧下降。 BTC在4月初成立了低于74,450美元的当地低点，但此后恢复到95,650美元左右，表明它与原本看跌的美国股票市场“脱在一起”。

Bitcoin open interest recovers by $2.2 billion in April

4月，比特币开放利息在4月份恢复了22亿美元

The recent price rebound is also being supported by strong activity in the futures markets, particularly on Binance.

最近的价格反弹也得到了期货市场的强大活动的支持，尤其是在二元方面。

Between January and early April, open interest (OI) on the exchange dropped from $11.9 billion to $7.5 billion, marking a 36.9% decline and signaling reduced confidence and lower leverage during the market downturn. But the trend flipped in mid-April.

在1月至4月初之间，交易所的开放利息（OI）从119亿美元下降到75亿美元，标志着在市场下跌期间的信心下降36.9％，信号降低了信心和降低的杠杆作用。但是趋势在4月中旬翻转。

Over the past three weeks, traders pushed OI up by 29.3%, from $7.5 billion to $9.7 billion, aligning with Bitcoin’s price rise in spot markets.

在过去的三周中，交易者将OI提高了29.3％，从75亿美元增加到97亿美元，与现货市场中比特币的价格上涨保持一致。

This synchronized rise in price and OI shows that traders are entering new long positions, not just closing shorts. It signals growing confidence in Bitcoin’s upside.

价格上涨的同步上涨和OI表明，交易者正在进入新的长位置，而不仅仅是关闭短裤。它标志着对比特币上涨空间的信心越来越大。

Furthermore, funding rates have stayed mostly positive, which means long-position holders are paying short sellers, a typical sign that the market expects higher prices.

此外，筹资率主要保持积极的态度，这意味着长位持有人正在向卖空者支付短卖方，这是市场预期更高价格的典型迹象。

The rising open interest and positive funding rates attest to the renewed bullish momentum, and if this continues, we might see Bitcoin surging towards $100,000 in the coming days.

开放利息的上升和正面的融资率证明了新的看涨势头，如果这种势头持续下去，我们可能会发现，在接下来的几天里，比特币飙升至100,000美元。