<ul>
<li><em>零售空头正在快速上升，为潜在的比特币空头挤压铺平道路。</em></li>
<li><em>历史模式显示，当交易者被困在错误的方向时，悲观情绪往往会在上涨之前出现。</em></li>
</ul>
<p>空头正在涌入……正当比特币 [BTC] 开始上涨。</p>
<p>在一个经典的反转中，零售交易者正在增加空头头寸，押注于反弹。但历史表明，这群人可能再次成为挤压的早期受害者。</p>
<p>随着悲观情绪达到顶峰，舞台可能为另一个痛苦的上涨惊喜做好准备。</p>
<h2><strong>零售空头上升</strong></h2>
<p>杠杆交易者情绪指标结合了资金费率和按头寸及账户的多空比，发出了强烈的逆向信号。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Gs2R98zXcAA2NzW.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Gs2R98zXcAA2NzW.jpg"/></p>
<p>来源：Alphractal</p>
<p>零售交易者正在押注于比特币，尽管价格上涨，空头头寸却激增。</p>
<p>图表显示，随着 BTC 反弹，悲观情绪（蓝线）下降，突显出市场潜在的不平衡。</p>
<p>历史上，过度拥挤的空头交易往往导致剧烈反转，这并不是因为共识，而是市场惩罚极端的头寸。</p>
<p>这并不是零售交易者第一次押注于趋势……并失败。</p>
<p>在五月，类似的情绪转变发生，零售空头头寸激增，结果被强制平仓，触发了快速反弹。</p>
<p>现在，悲观头寸正在变得更加激进，即使比特币的价格保持强劲。这一模式与早期的设置非常相似，暗示着另一个潜在的空头挤压。</p>
<p>如果过度杠杆的空头仍然处于错误的交易一侧，可能会出现另一次快速的价格飙升。</p>

GBTC

<p>比特币的零售空头头寸正在增加，为潜在的空头挤压奠定基础。历史趋势表明，悲观情绪通常会在价格上涨之前出现。随着零售交易者在比特币反弹中加大空头头寸，杠杆交易者情绪指标发出了一种逆向机会的信号。这一模式与之前的情况相似，当时过度拥挤的空头交易导致了急剧反转，这表明如果过度杠杆的空头仍然处于错误的一方，可能会出现快速的价格飙升</p>

<ul>
<li><em>Retail shorts are rising fast, setting the stage for a potential Bitcoin short squeeze.</em></li>
<li><em>Historical patterns showed that bearish sentiment often precedes upside moves when traders get caught offside.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>零售空头正在快速上升，为潜在的比特币空头挤压铺平道路。</em></li>
<li><em>历史模式显示，当交易者被困在错误的方向时，悲观情绪往往会在上涨之前出现。</em></li>
</ul>
</div><p>Bears are piling in… just as Bitcoin [BTC] starts to climb.</p>
<div class="lb-trans"><p>空头正在涌入……正当比特币 [BTC] 开始上涨。</p>
</div><p>In a classic twist, retail traders are ramping up short positions, betting against the rally. But history suggests this crowd may once again be early victims of a squeeze.</p>
<div class="lb-trans"><p>在一个经典的反转中，零售交易者正在增加空头头寸，押注于反弹。但历史表明，这群人可能再次成为挤压的早期受害者。</p>
</div><p>As bearish sentiment peaks, the stage could be set for yet another painful upside surprise.</p>
<div class="lb-trans"><p>随着悲观情绪达到顶峰，舞台可能为另一个痛苦的上涨惊喜做好准备。</p>
</div><h2><strong>Retail shorts on the rise</strong></h2>
<div class="lb-trans"><h2><strong>零售空头上升</strong></h2>
</div><p>The Leveraged Traders’ Sentiment indicator, which combines Funding Rates and Long/Short Ratios by position and account, is flashing a strong contrarian signal.</p>
<div class="lb-trans"><p>杠杆交易者情绪指标结合了资金费率和按头寸及账户的多空比，发出了强烈的逆向信号。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Gs2R98zXcAA2NzW.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/Gs2R98zXcAA2NzW.jpg"/></p>
<p>Source: Alphractal</p>
<div class="lb-trans"><p>来源：Alphractal</p>
</div><p>Retail traders are betting against Bitcoin, with short positions surging despite the price rising.</p>
<div class="lb-trans"><p>零售交易者正在押注于比特币，尽管价格上涨，空头头寸却激增。</p>
</div><p>The chart shows bearish sentiment (blue line) dipping as BTC rallies, highlighting a potential market imbalance.</p>
<div class="lb-trans"><p>图表显示，随着 BTC 反弹，悲观情绪（蓝线）下降，突显出市场潜在的不平衡。</p>
</div><p>Historically, overcrowded short trades often lead to sharp reversals, not due to consensus, but as the market punishes extreme positioning.</p>
<div class="lb-trans"><p>历史上，过度拥挤的空头交易往往导致剧烈反转，这并不是因为共识，而是市场惩罚极端的头寸。</p>
</div><p>This isn’t the first time retail traders have bet against the trend… and lost.</p>
<div class="lb-trans"><p>这并不是零售交易者第一次押注于趋势……并失败。</p>
</div><p>In May, a similar sentiment shift unfolded as retail short positions surged, only to be liquidated, triggering a fast-paced rally.</p>
<div class="lb-trans"><p>在五月，类似的情绪转变发生，零售空头头寸激增，结果被强制平仓，触发了快速反弹。</p>
</div><p>Now, bearish positioning is growing more aggressive, even as Bitcoin’s price holds strong. This pattern closely resembles the earlier setup, suggesting another potential short squeeze.</p>
<div class="lb-trans"><p>现在，悲观头寸正在变得更加激进，即使比特币的价格保持强劲。这一模式与早期的设置非常相似，暗示着另一个潜在的空头挤压。</p>
</div><p>If overleveraged shorts remain on the wrong side of the trade, another rapid price surge could follow.</p>
<div class="lb-trans"><p>如果过度杠杆的空头仍然处于错误的交易一侧，可能会出现另一次快速的价格飙升。</p>
</div>

比特币空头押注 BTC 的上涨行情，但如果出现空头挤压，可能会随之而来