随着衍生品市场未平仓合约跌至历史最低点，Pyth (PYTH) 在多个方面创下新低

PYTH 是为预言机服务提供商 Pyth Network 提供支持的代币，其衍生品市场大幅下滑。其未平仓合约总额已降至历史最低水平。

The token that powers oracle service provider Pyth Network, known as PYTH, has seen a steep decline in its derivatives market, with total open interest dropping to an all-time low.

为预言机服务提供商 Pyth Network 提供支持的代币（简称 PYTH）其衍生品市场急剧下滑，总持仓量降至历史最低水平。

This comes as the token’s price closed at a record low of $0.22 during Monday’s trading session amid a broader market sell-off.

与此同时，由于市场大范围抛售，该代币价格在周一交易时段收于历史低点 0.22 美元。

PYTH Open Interest Hits Record Low

PYTH 持仓量创历史新低

PYTH’s open interest reached an all-time high of $113 million on March 17, as shown by Santiment's data. Since then, it has experienced several fluctuations, making both lower highs and lower lows.

Santiment 的数据显示，3 月 17 日，PYTH 的未平仓合约达到 1.13 亿美元的历史新高。此后，它经历了几次波动，创造了更低的高点和更低的低点。

However, Monday’s deep losses in the crypto market prompted many PYTH derivatives traders to close their positions, leading to a drastic decline in open interest, which hit a record low of $19 million.

然而，周一加密货币市场的大幅下跌促使许多 PYTH 衍生品交易商平仓，导致未平仓合约大幅下降，创下 1900 万美元的历史新低。

Open interest indicates the total outstanding derivative contracts, like options or futures, that haven’t been settled yet. When it drops, it shows traders closing their positions and exiting the market without opening any new positions.

未平仓合约是指尚未结算的未平仓衍生品合约总额，例如期权或期货。当它下跌时，表明交易者平仓并退出市场，而没有开立任何新仓位。

Moreover, several long positions were liquidated as PYTH’s price declined by double digits over the past week. According to Coinglass, over the past seven days, PYTH’s long liquidations amounted to over $1.8 million.

此外，由于 PYTH 的价格在过去一周下跌了两位数，一些多头头寸被清算。根据 Coinglass 的数据，过去 7 天，PYTH 的多头清算金额超过 180 万美元。

As traders demanded more short positions since early August, the market sentiment turned bearish, as expected. This means more traders are buying PYTH and anticipating a price decrease, compared to those accumulating the altcoin to sell at a higher price.

自8月初以来，由于交易商要求增加空头头寸，市场情绪如预期转为看跌。这意味着与那些积累山寨币以更高价格出售的交易者相比，更多的交易者正在购买 PYTH 并预计价格会下跌。

PYTH Price Prediction: Will Price Revisit All-Time Low?

PYTH 价格预测：价格会重回历史低点吗？

The altcoin also faces a bearish bias in its spot market. Highlighting the lack of demand, PYTH’s Relative Strength Index (RSI), when assessed on a daily chart, is below the 50-neutral line at 40.35, as of writing.

山寨币在现货市场也面临看跌偏见。截至撰写本文时，PYTH 的相对强度指数 (RSI) 在日线图上评估时低于 50 中性线 40.35，凸显了需求的缺乏。

An asset’s RSI gauges its overbought and oversold market conditions. At 40.35, PYTH’s RSI suggests that selling pressure exceeds buying activity in its market.

资产的 RSI 衡量其超买和超卖的市场状况。 PYTH 的 RSI 为 40.35，表明市场上的抛售压力超过了买盘活动。

Additionally, the altcoin’s Chaikin Money Flow (CMF) is below the zero line at -0.01, indicating that capital outflow exceeds inflow in its market. A negative CMF value is a sign of market weakness, as it often precedes a sustained price decline.

此外，山寨币的柴金资金流量（CMF）低于-0.01的零线，表明其市场资本流出超过流入。 CMF 值为负值是市场疲软的迹象，因为它通常先于价格持续下跌。

PYTH’s price risks revisiting its all-time low of $0.22 if demand remains low and capital outflow persists. However, if bullish sentiment builds up, the token’s price may rally toward a 30-day high of $0.44.

如果需求仍然低迷并且资本持续外流，PYTH 的价格可能会重新触及 0.22 美元的历史低点。然而，如果看涨情绪增强，该代币的价格可能会上涨至 30 日高点 0.44 美元。