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ETH $2,517.05 -0.64%
BNB $745.76 -0.88%
XRP $1.37 -3.05%
SOL $108.19 -2.76%
TRX $0.3300 -0.06%
DOGE $0.0851 -1.96%
ADA $0.2426 -4.13%
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LINK $12.97 -2.31%
HYPE $83.63 -3.17%
AAVE $161.38 -5.29%
SUI $1.07 -4.51%
XLM $0.1967 -3.01%
ZEC $1,244.43 -2.10%
AAPL $341.46 +1.38%
AMZN $259.64 -1.44%
GOOGL $353.02 +0.18%
MSFT $541.04 +1.02%
META $743.76 +2.92%
NVDA $226.79 -2.08%
TSLA $378.27 -1.39%
SNDK $1,489.57 -7.56%
INTC $101.46 -4.10%
SPCX $163.41 -0.47%
MU $991.55 -4.61%
AMD $595.20 -2.90%

Glassnode:當前比特幣市場結構依然脆弱,市場情緒仍保持防禦性

2025-09-02 17:16:17

ChainCatcher 消息,据 Glassnode 市場分析,隨著比特幣價格從歷史高點回落至 10.7 萬美元,市場目前處於短期持有者的成本基礎之上。現貨市場因相對強弱指數 (RSI) 跌入超賣區域,動能進一步減弱,交易量下降,反映市場信心減弱。現貨 CVD 顯示拋售壓力有所緩解,市場暫時企穩,但整體需求疲軟。

期貨市場呈現謹慎倉位配置,未平倉合約減少,融資支付下降,永續合約 CVD 略有改善,槓桿率降低,看漲意願減弱。交易員不願擴大風險敞口,體現近期波動後的防禦策略。

期權市場未平倉合約減少,參與度下降,波動率利差收窄,顯示自滿情緒,但 25 Delta 傾斜度飆升至歷史極值以上,凸顯對下行保護的強勁需求。

總體來看,市場結構脆弱,看跌壓力在現貨、期貨及鏈上指標中占主導。ETF 資金流入提供暫時緩衝,但交易量萎縮和盈利能力下降表明信心不足。短期內可能反彈,但除非需求強勁增長,否則市場或進一步盤整。

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