If Bitcoin Rebounds, Liquidations Could Reach $1.38 Billion

如果比特幣反彈，清算額可能達到 13.8 億美元

If Bitcoin swiftly recovers from its recent dip to $71,000 on June 6, over a billion dollars worth of short positions will be liquidated.

如果比特幣迅速從近期跌勢中恢復至 6 月 6 日的 71,000 美元，價值超過 10 億美元的空頭部位將被清算。

On June 7, Bitcoin declined 3.33% to $68,507 before slightly recovering above the crucial $69,000 level. The decline coincides with broader macroeconomic uncertainty following the United States Employment Situation Summary Report, which revealed higher-than-expected job growth in May.

6 月 7 日，比特幣下跌 3.33% 至 68,507 美元，隨後小幅回升至 69,000 美元的關鍵水平之上。這一下降恰逢美國就業情勢摘要報告公佈後更廣泛的宏觀經濟不確定性，該報告顯示 5 月就業成長高於預期。

Other cryptocurrencies also experienced declines. Ether fell 3.58% over 24 hours, while altcoins like Solana, Dogecoin, and Pepe experienced significant drops of 5.61%, 8.70%, and 9.99%, respectively, according to CoinMarketCap data.

其他加密貨幣也經歷了下跌。根據 CoinMarketCap 數據，以太幣在 24 小時內下跌 3.58%，而 Solana、Dogecoin 和 Pepe 等山寨幣則分別大幅下跌 5.61%、8.70% 和 9.99%。

The market plunge resulted in a $409.51 million liquidation of both short and long positions across the board, with $56.71 million being long positions in Bitcoin.

市場暴跌導致空頭和多頭部位全面清算 4.0951 億美元，其中 5,671 萬美元為比特幣多頭部位。

However, just two days before the price decline, Bitcoin was trading between $70,000 and $71,662. Many traders were optimistic that it might inch closer to its all-time high of $73,679.

然而，就在價格下跌前兩天，比特幣的交易價格在 7 萬美元至 71,662 美元之間。許多交易員樂觀地認為它可能會接近歷史高點 73,679 美元。

Currently, traders are betting that Bitcoin's price may not rebound quickly. If Bitcoin returns to $71,000, $1.38 billion in long positions will be wiped out, indicating that futures traders expect further price declines.

目前，交易員押注比特幣的價格可能不會迅速反彈。如果比特幣回到71,000美元，13.8億美元的多頭部位將被消除，表明期貨交易者預計價格將進一步下跌。

This comes as investors question why Bitcoin's price hasn't surpassed its March all-time highs, despite a 19-day streak of positive inflows into Bitcoin exchange-traded funds (ETFs).

投資者質疑，儘管比特幣交易所交易基金（ETF）連續 19 天有資金流入，但為何比特幣的價格沒有突破 3 月的歷史高點。

Analysts attribute the lack of price appreciation to multiple factors beyond ETFs. "ETF flows are fantastic, but they are not strong enough to exceed the entire ecosystem selling (yet)," said Capriole Investments founder Charles Edwards.

分析師將價格缺乏升值歸因於 ETF 以外的多種因素。 Capriole Investments 創辦人 Charles Edwards 表示：“ETF 流量非常棒，但還不足以超過整個生態系統的拋售量。”

Crypto trader Christopher Inks emphasizes that "the market is made up of spot, futures, ETFs, and options."

加密貨幣交易員 Christopher Inks 強調，「市場由現貨、期貨、ETF 和選擇權組成」。