總部位於美國的加密貨幣交易平台重新獲得了對比特幣（BTC）代幣轉移量的影響力，可以在2025年下半年開始集會。

比特幣研究人員Axel Adler JR指出，“ US與近岸比率”，該比率衡量了US受調節和近海交易所之間的令牌傳輸量

US-based crypto trading platforms are regaining influence over Bitcoin's (BTC) token transfer volumes, which could possibly kick-start a rally in the second half of 2025.

總部位於美國的加密貨幣交易平台正在恢復對比特幣（BTC）代幣轉移量的影響力，這可能在2025年下半年開始進行集會。

Bitcoin researcher Axel Adler Jr pointed out that the "US vs. off-shore ratio," which measures token transfer volumes between US-regulated and offshore exchanges, indicated a drop in dominance from US exchanges after BTC reached an all-time high in January.

比特幣研究人員Axel Adler JR指出，“ US與近岸比率”測量了美國受調節和近海交易所之間令牌傳輸量的量，這表明BTC在一月份達到了史無前及的美國交流後的優勢下降。

As illustrated in the chart, a trend reversal is underway, which implies BTC transfer volumes on US exchanges are beginning to rise again, aligning with previous bull market rallies.

如圖所示，趨勢逆轉正在進行中，這意味著美國交易所的BTC轉移量再次開始上升，與以前的牛市集會保持一致。

A key technical indicator in the chart is the 90-day simple moving average (SMA) crossing above the 365-day SMA. Historically, this crossover has preceded major price rallies. For example, when this signal occurred at $60,000, Bitcoin began a rally within one week. This suggests a potential price surge may occur in the coming weeks.

圖表中的關鍵技術指標是365天SMA上方的90天簡單移動平均線（SMA）。從歷史上看，這種跨界已經進行了重大價格集會。例如，當此信號發生在60,000美元時，比特幣在一周內開始集會。這表明在未來幾週內可能會出現潛在的價格上漲。

Likewise, verified onchain analyst Boris Vest said Bitcoin is still undervalued. In a quick take post on CryptoQuant, the analyst explained that Bitcoin exchange reserves have fallen to 2018 levels, with only 2.43 million BTC held on exchanges compared to 3.4 million in 2021, indicating long-term holding and reduced supply.

同樣，經過驗證的OnChain分析師Boris Vest表示，比特幣仍被低估。分析師在快速發表有關CryptoQuant的文章中解釋說，比特幣交換儲量已降至2018年的水平，僅在交易所進行了243萬BTC，而2021年為340萬，表明長期持有和供應減少。

The Bitcoin stablecoin supply ratio (SSR) at 14.3 highlighted that significant purchasing power remains, as the ratio is below 2021 levels. Boris said,

14.3的比特幣穩定量供應比（SSR）強調，由於比率低於2021水平，因此仍然存在明顯的購買力。鮑里斯說，

"This indicates that there is still room for new highs in the current bull market."

“這表明目前的牛市仍然有新的高點。”

Bitcoin flips key monthly indicator, opening a path to $90K

比特幣翻轉密鑰每月指示器，打開通往$ 90K的道路

Markets analyst Dom highlighted that Bitcoin's recent multi-month downtrend breakout coincides with BTC flipping the monthly VWAP into support for the first time since January.

市場分析師DOM強調，比特幣最近的多個月下降趨勢突破恰逢BTC自1月以來首次將每月的VWAP翻轉為支持。

The Volume-Weighted Average Price (VWAP) is a technical indicator that calculates the average price weighted by trading volume. Traders use VWAP to assess trend shifts, identify support or resistance, and gauge whether an asset is overbought or oversold.

體積加權的平均價格（VWAP）是一個技術指標，可以計算出交易量的平均價格。交易者使用VWAP評估趨勢變化，確定支持或抵抗，並衡量資產是否過多或超賣。

Dom said,

唐說，

"This is the first time since January that we've seen this pivot, and it's a key indicator of a potential shift in momentum."

“這是自1月以來我們第一次看到這個樞紐，這是動量轉變的關鍵指標。”

However, Alphractal founder João Wedson remained cautious with Bitcoin as it hovers near the $86,000 mark.

但是，字母的創始人喬·韋德森（JoãoWedson）對比特幣保持謹慎，因為它徘徊在$ 86,000大關。

He explained that waiting for a pullback if Bitcoin breaks above this level is the right approach, or bearish control might prevail. This echoes Alphractal's analysis of $86,300 as a key resistance zone with the potential of becoming a bull trap.

他解釋說，如果比特幣突破此水平是正確的方法，或者看跌控制可能會佔上風，等待回調。這與Alphractal對86,300美元的分析相呼應，作為關鍵阻力區，有可能成為公牛陷阱。