# 市场情绪

## 比特币：所有交易所总资金费率/合约未平仓量

如果所有交易所的合约未平仓量出现上涨，则市场可能出现大的异动，比如瀑布式清仓。在牛市中，所有交易所的总资金费率有助于抓住周期底部。

### 👉 [保存图表](https://cryptoquant.com/prochart/ephx42jykg) 

![](/files/-MSk533xW_OpzYXd2QwX)

{% content-ref url="/pages/-MCB5pxMfzUC4Of9Lza9" %}
[未平仓量](/zh/market-data/wei-ping-cang-liang.md)
{% endcontent-ref %}

{% content-ref url="/pages/-MSMYizjBAWujxeXyock" %}
[资金费率](/zh/market-data/zi-jin-fei-lv.md)
{% endcontent-ref %}

## 比特币：所有交易所预估杠杆率

通过将交易所的未平仓量除以其比特币储备可以估算用户的相对平均杠杆。每当杠杆达到高位时，市场都会出现快速波动。这一指标与未平仓量相似，但更加准确，因为它能反映交易所本身的增长情况。您也可以看到投资者在投资方面的激进、保守程度。

### 👉 [保存图表](https://cryptoquant.com/prochart/hwwqnoc8jl)

![](/files/-MSk8Q4t_wlj9idulGGI)

{% content-ref url="/pages/-MCB8LtkT1KHjvcF\_2bo" %}
[预估杠杆率](/zh/market-indicators/yu-gu-gang-gan-lv.md)
{% endcontent-ref %}


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