分析師：比特幣長期持有者堅守，不太可能跌破 2 萬美元

Bitfinex 分析師表示，由於自2023 年2 月以來長期持有者大量買入，比特幣(BTC) 在當前週期中的交易價格不太可能低於20,000 美元。鑑於短期持有者的實際價格為55,834美元，分析師認為，這是一個至關重要的關鍵因素。支撐/阻力水平。儘管近期 ETF 流量為負，但分析師仍持樂觀態度，表明投資者正在將資金轉向費用較低的提供者。

Bitcoin's Long-Term Holders Drive Resistance, Unlikely to Breach $20,000 in Current Cycle, Analysts Assert

分析師斷言，比特幣的長期持有者推動阻力，當前週期不太可能突破 20,000 美元

With long-term Bitcoin (BTC) holders relentlessly accumulating the digital asset since early February 2023, it is highly improbable that Bitcoin will trade below the $20,000 threshold in the current market cycle, according to analysts at Bitfinex, a leading cryptocurrency exchange.

領先的加密貨幣交易所Bitfinex 的分析師表示，隨著長期比特幣(BTC) 持有者自2023 年2 月以來不斷累積數位資產，在當前的市場週期中，比特幣的交易價格極不可能低於20,000 美元。

Data compiled by Bitfinex reveals that long-term holders have been actively purchasing Bitcoin since February when the cryptocurrency's value exceeded $24,000. This cohort of investors has a realized price below $20,000, implying that they are deeply entrenched in the market and unlikely to sell at a loss.

Bitfinex 編制的數據顯示，自 2 月加密貨幣價值超過 24,000 美元以來，長期持有者一直在積極購買比特幣。這群投資者的實際價格低於 20,000 美元，這意味著他們在市場上根深蒂固，不太可能虧損出售。

Currently trading at approximately $70,600, Bitcoin's short-term holder realized price rests at $55,834. Bitfinex analysts emphasize the significance of this level, stating that it has emerged as a "crucial dynamic support/resistance level throughout this cycle."

目前比特幣的交易價格約為 70,600 美元，短期持有者的實際價格為 55,834 美元。 Bitfinex 分析師強調了這一水平的重要性，稱其已成為「整個週期中關鍵的動態支撐/阻力水平」。

"Regardless of whether we see BTC move lower, we do not expect a V-shaped recovery as has been the case for previous dips since 2023," the Bitfinex analysts note, suggesting that any market volatility is likely to be contained within a specific range.

Bitfinex 分析師指出，“無論我們是否看到 BTC 走低，我們預計不會像 2023 年以來的下跌那樣出現 V 型復甦”，這表明任何市場波動都可能被控制在特定範圍內。

In the event of a decline, the analysts anticipate a maximum downturn of 23-24% from a new local high to the bottom, which aligns with a retracement to approximately $56,000.

如果出現下跌，分析師預計從新的局部高點到底部的最大跌幅為 23-24%，這與回調至約 56,000 美元一致。

While the recent influx of negative flows into spot Bitcoin exchange-traded funds (ETFs) has raised some concerns, Bitfinex analysts downplay their significance. They attribute the outflows to investors seeking alternative ETF providers with lower management fees, rather than a fundamental shift in investor sentiment.

儘管最近大量湧入現貨比特幣交易所交易基金 (ETF) 的負面資金引起了一些擔憂，但 Bitfinex 分析師淡化了其重要性。他們將資金外流歸因於投資者尋求管理費較低的替代 ETF 提供者，而不是投資者情緒的根本轉變。

Data from the Grayscale Bitcoin ETF, a prominent Bitcoin investment vehicle, indicates net outflows exceeding $2 billion in the past week, with a net outflow of $896 million after factoring in inflows from other ETFs.

著名的比特幣投資工具灰階比特幣 ETF 的數據顯示，過去一周淨流出超過 20 億美元，考慮到其他 ETF 的流入，淨流出為 8.96 億美元。

Despite the negative ETF flows, the Bitfinex analysts remain optimistic about Bitcoin's long-term prospects. They maintain that these outflows do not pose a significant threat to the broader market sentiment, and that Bitcoin remains poised for further growth in the current cycle.

儘管 ETF 流量為負，Bitfinex 分析師仍對比特幣的長期前景持樂觀態度。他們認為，這些資金外流不會對更廣泛的市場情緒構成重大威脅，比特幣在當前週期中仍有望進一步成長。

Overall, the Bitfinex analysis suggests that Bitcoin's long-term holders are providing a robust foundation of support, making it unlikely that the cryptocurrency will trade below $20,000 in the current market cycle. While short-term fluctuations are possible, analysts anticipate a relatively stable trading range with a bias towards continued appreciation.

總體而言，Bitfinex 的分析表明，比特幣的長期持有者正在提供堅實的支撐基礎，使得該加密貨幣在當前市場週期中的交易價格不太可能低於 20,000 美元。雖然短期波動是可能的，但分析師預計交易區間相對穩定，並傾向於持續升值。