Hausa translation of the provided text:
Bitcoin yana tashi a cikin makonni huɗu da suka gabata, amma kasuwar derivatives har yanzu tana nuna alamun faɗuwa. Masu nazarin da ke bin ƙimar kuɗin Binance da tushen futures sun ce 'yan kasuwa suna ci gaba da yin fare a kan Bitcoin duk da cewa farashinsa yana hawa. Mai ba da gudummawa na CryptoQuant, Darkfost, ya bayyana wannan a matsayin "lokacin rashin imani" maimakon canji mai kyau na bullish. Wannan rata tana da mahimmanci saboda tana nuna cewa hawan yana faruwa duk da shakku, ba saboda ƙarfin amincewa ba. A cikin crypto, irin wannan yanayi na iya tafiya ko wace hanya: yana iya nuna kasuwa mai rauni, ko kuma yana iya ƙara haɓaka idan 'yan kasuwa masu bearish aka tilasta su rufe matsayinsu.
Darkfost ya nuna yanayin tara kwanaki 30 na ƙimar kuɗin Binance a matsayin mafi bayyananniyar alamar cewa kasuwa ba ta daidaita da farashi ba. "Mun sha jin labarin ƙimar kuɗi kwanan nan, yayin da suke ci gaba da zama marasa kyau duk da cewa Bitcoin yana ci gaba da hawa," in ji shi. "Wannan ginshiƙi yana ba da hangen nesa daban daga abin da aka saba gani. Yana nuna ci gaban tara kwanaki 30 na ƙimar kuɗi akan Binance, yana sauƙaƙa ganewa lokacin da kuɗin ya shiga yanayin rashin kyau mai dorewa." Ya kwatanta wannan da ƙarshen 2022, lokacin da Bitcoin ke fara farfadowa daga kasuwar bear. A wancan lokacin, ƙimar kuɗin Binance ta ci gaba da faɗuwa kuma ta kai -7% a kan tara kwanaki 30. A yau, wannan alama tana kusa da -4.5%, wanda ya ce yana nuna yadda 'yan kasuwa suka ci gaba da yin fare a kan hawan farashi a cikin watannin da suka gabata.
Manufar Darkfost ba wai kawai cewa kuɗin ba shi da kyau ba ne, amma cewa wannan rashin kyau ya daɗe, yana nuna kasuwa har yanzu tana ƙoƙarin tsayayya da ƙarfin farashi. "Duk lokacin da irin wannan yarjejeniya mai ƙarfi ta samu, ta taimaka wajen ƙirƙirar gindi kuma ta ƙara haɓaka hawan da ke farawa," in ji shi. "Kamar yadda na faɗa kwanaki da yawa da suka gabata, kasuwa ta shiga lokacin rashin imani, inda 'yan kasuwa har yanzu sun fi son yaƙi da yanayin maimakon bin shi."
Mai nazarin kan-sarkar, Axel Adler Jr., ya kalli wannan yanayi daga wani kusurwa mai hankali. A cikin bayanin kasuwa na Afrilu 23, ya yi jayayya cewa tsarin derivatives na Bitcoin "yana rasa tsarin bullish da sauri" yayin da gajeren lokaci futures premium akan spot ya kusan ɓace. Matsakaicin 7-day basis SMA ya faɗi daga +0.465% zuwa +0.054% a cikin kwanaki huɗu kawai, yayin da ƙimar kuɗi 7DMA ya kasance mara kyau a -0.00945%. Ga Adler, saƙon a bayyane yake: kasuwa ba ta son ƙarin biyan kuɗi don dogon matsayi. "Basis 7D SMA ya matse sosai kuma ya kusan zama sifili, yana nuna cewa futures premium akan spot ya kusan ɓace," in ji shi. "Wannan ba kawai sanyaya gida ba ne - kusan ɓacewa gaba ɗaya na futures premium akan spot. A halin yanzu, 30D SMA ya kasance mafi girma a bayyane, kusan +0.41%, ma'ana cewa tsarin derivatives na gajeren lokaci ya lalace da sauri fiye da matsakaicin lokaci."
Ya yi wani batu game da kuɗi. "Abin da ke da mahimmanci ba wai kawai karatun mara kyau ba ne, amma dorewarsa," in ji Adler. "Wannan ba hawan lokaci ɗaya ba ne ko kuma rashin daidaituwa na tsoro a cikin sa'a ɗaya. Wannan tara matsayi na bearish ne mai dorewa, inda kasuwa ke ci gaba da biyan kuɗi don gajeren fallasa."
Tare, masu nazarin biyu suna karanta wannan bayanan daga kusurwoyi daban-daban. Darkfost yana ganin rashin imani a matsayin yanayi mai kyau ga hawan da ke gudana, musamman idan yawancin 'yan kasuwa suna ci gaba da adawa da yanayin farashi. Adler yana ganin kasuwa da ta rasa premium na bullish kuma tana shiga wani lokaci mai hankali, sai dai idan basis da kuɗi suka dawo. A lokacin bugawa, BTC ya yi ciniki a $77,836. Hoton da aka ƙirƙira da DALL.E, ginshiƙi daga TradingView.com
**Tambayoyi da Amsoshi**
Ga jerin tambayoyi game da Bitcoin shiga lokacin rashin imani tare da 'yan kasuwa suna shorting hawan
**Tambayoyi na Matakin Farko**
1. **Menene ma'anar cewa Bitcoin yana cikin lokacin rashin imani?**
Yana nufin cewa duk da farashin Bitcoin yana hawa, yawancin 'yan kasuwa ba su amince da hawan ba. Suna tsammanin tarko ne ko kuma hawan ɗan lokaci, don haka suna yin fare a kansa ta hanyar shorting.
2. **Me yasa 'yan kasuwa ke shorting Bitcoin idan farashin yana hawa?**
Suna ganin hawan karya ne ko kuma ba zai daɗe ba. Suna tsammanin farashin zai faɗi da sauri, don haka suna ƙoƙarin samun riba daga wannan faɗuwar da ake tsammani.
3. **Shin al'ada ce mutane su yi shakka game da hawan Bitcoin?**
E. A cikin zagayowar kasuwa da suka gabata, rashin imani wani mataki ne na motsin rai na yau da kullun. Yana faruwa sau da yawa kafin babban hawan farashi, saboda kaɗan ne kawai suka gaskata da motsin a farko.
4. **Idan kowa yana shorting, wannan ba yana nufin farashin zai faɗi ba?**
Ba lallai ba ne. Yawan shorting na iya tura farashin sama a cikin short squeeze. Idan farashin ya ci gaba da hawa, 'yan kasuwa short dole ne su sayi Bitcoin don rufe asararsu, wanda ke tura farashin sama fiye da haka.
5. **Shin ya kamata in sayi Bitcoin yanzu saboda wannan lokacin rashin imani?**
Babu wanda zai iya hasashen kasuwa. Wannan lokaci na iya haifar da babban hawa ko kuma faɗuwa kwatsam. Ka saka abin da za ka iya rasa kawai, kuma ka yi bincike naka kafin yanke shawara.
**Tambayoyi na Matakin Ci Gaba**
6. **Ta yaya lokacin rashin imani ya bambanta da hawan kasuwar bear?**
Hawan kasuwar bear shine haɓakar farashi na ɗan lokaci a cikin yanayin faɗuwa na dogon lokaci, wanda a ƙarshe ya gaza. Lokacin rashin imani, duk da haka, yana faruwa sau da yawa a farkon sabon zagayowar bullish; shakku yana da yawa amma tushe yana goyan bayan hawan mai dorewa.
7. **Menene short squeeze kuma ta yaya yake da alaƙa da wannan lokaci?**
Short squeeze yana faruwa lokacin da yawancin 'yan kasuwa short aka tilasta su sayi Bitcoin saboda farashin ya tashi a kan faresu. A cikin lokacin rashin imani, squeeze na iya juya ƙaramin hawa zuwa hawan farashi mai sauri da ƙarfi yayin da 'yan kasuwa short suka firgita su rufe.
8. **Waɗanne ma'auni ya kamata in kalli don tabbatar da cewa lokacin rashin imani yana ƙarewa?**
Ka kalli ƙimar kuɗi (funding rates) da tushen futures (basis). Idan ƙimar kuɗi ta koma tabbatacciya kuma tushen ya fara hawa, wannan na iya nuna cewa 'yan kasuwa sun fara amincewa da hawan. Hakanan, idan farashin ya karya matakan juriya masu mahimmanci, yana iya nuna ƙarshen lokacin rashin imani.