<ul>
<li><em>零售空頭正在快速上升，為潛在的比特幣空頭擠壓鋪平道路。</em></li>
<li><em>歷史模式顯示，當交易者被困在錯誤的方向時，悲觀情緒往往會在上漲之前出現。</em></li>
</ul>
<p>空頭正在湧入……正當比特幣 [BTC] 開始上漲。</p>
<p>在一個經典的反轉中，零售交易者正在增加空頭頭寸，押注於反彈。但歷史表明，這羣人可能再次成為擠壓的早期受害者。</p>
<p>隨着悲觀情緒達到頂峯，舞台可能為另一個痛苦的上漲驚喜做好準備。</p>
<h2><strong>零售空頭上升</strong></h2>
<p>槓桿交易者情緒指標結合了資金費率和按頭寸及賬户的多空比，發出了強烈的逆向信號。</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>來源：Alphractal</p>
<p>零售交易者正在押注於比特幣，儘管價格上漲，空頭頭寸卻激增。</p>
<p>圖表顯示，隨着 BTC 反彈，悲觀情緒（藍線）下降，突顯出市場潛在的不平衡。</p>
<p>歷史上，過度擁擠的空頭交易往往導致劇烈反轉，這並不是因為共識，而是市場懲罰極端的頭寸。</p>
<p>這並不是零售交易者第一次押注於趨勢……並失敗。</p>
<p>在五月，類似的情緒轉變發生，零售空頭頭寸激增，結果被強制平倉，觸發了快速反彈。</p>
<p>現在，悲觀頭寸正在變得更加激進，即使比特幣的價格保持強勁。這一模式與早期的設置非常相似，暗示着另一個潛在的空頭擠壓。</p>
<p>如果過度槓桿的空頭仍然處於錯誤的交易一側，可能會出現另一次快速的價格飆升。</p>

GBTC

<p>比特幣的零售空頭頭寸正在增加，為潛在的空頭擠壓奠定基礎。歷史趨勢表明，悲觀情緒通常會在價格上漲之前出現。隨着零售交易者在比特幣反彈中加大空頭頭寸，槓桿交易者情緒指標發出了一種逆向機會的信號。這一模式與之前的情況相似，當時過度擁擠的空頭交易導致了急劇反轉，這表明如果過度槓桿的空頭仍然處於錯誤的一方，可能會出現快速的價格飆升</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>零售空頭正在快速上升，為潛在的比特幣空頭擠壓鋪平道路。</em></li>
<li><em>歷史模式顯示，當交易者被困在錯誤的方向時，悲觀情緒往往會在上漲之前出現。</em></li>
</ul>
</div><p>Bears are piling in… just as Bitcoin [BTC] starts to climb.</p>
<div class="lb-trans"><p>空頭正在湧入……正當比特幣 [BTC] 開始上漲。</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>在一個經典的反轉中，零售交易者正在增加空頭頭寸，押注於反彈。但歷史表明，這羣人可能再次成為擠壓的早期受害者。</p>
</div><p>As bearish sentiment peaks, the stage could be set for yet another painful upside surprise.</p>
<div class="lb-trans"><p>隨着悲觀情緒達到頂峯，舞台可能為另一個痛苦的上漲驚喜做好準備。</p>
</div><h2><strong>Retail shorts on the rise</strong></h2>
<div class="lb-trans"><h2><strong>零售空頭上升</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>槓桿交易者情緒指標結合了資金費率和按頭寸及賬户的多空比，發出了強烈的逆向信號。</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>來源：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於比特幣，儘管價格上漲，空頭頭寸卻激增。</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>圖表顯示，隨着 BTC 反彈，悲觀情緒（藍線）下降，突顯出市場潛在的不平衡。</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>歷史上，過度擁擠的空頭交易往往導致劇烈反轉，這並不是因為共識，而是市場懲罰極端的頭寸。</p>
</div><p>This isn’t the first time retail traders have bet against the trend… and lost.</p>
<div class="lb-trans"><p>這並不是零售交易者第一次押注於趨勢……並失敗。</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，類似的情緒轉變發生，零售空頭頭寸激增，結果被強制平倉，觸發了快速反彈。</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>現在，悲觀頭寸正在變得更加激進，即使比特幣的價格保持強勁。這一模式與早期的設置非常相似，暗示着另一個潛在的空頭擠壓。</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>如果過度槓桿的空頭仍然處於錯誤的交易一側，可能會出現另一次快速的價格飆升。</p>
</div>

比特幣空頭押注 BTC 的上漲行情，但如果出現空頭擠壓，可能會隨之而來