儘管最近的移動最近移動

雖然比特幣最近的向上移動非常出色，但在看跌壓力數週後，旗艦資產的上升趨勢是短暫的

Bitcoin’s recent attempts to break above the $85,000 resistance band have met with limited success, leading to a slight pullback as the flagship asset’s uptrend appears to be fizzling out.

比特幣最近試圖超越85,000美元的電阻樂隊取得了有限的成功，這導致了略微回調，因為旗艦資產的上升趨勢似乎正在消失。

While the cryptocurrency encountered struggles with bearish pressure for several weeks, it managed to break free from the downward trend and test the crucial resistance zone. However, despite recent efforts, there was no sign of strong accumulation among investors, suggesting that the current rally might be nearing its peak.

儘管加密貨幣在幾週內遇到了看跌壓力的鬥爭，但它設法擺脫了向下趨勢並測試關鍵阻力區。但是，儘管最近做出了努力，但投資者沒有大量積累的跡象，這表明目前的集會可能接近其頂峰。

According to on-chain data platform Glassnode, in its latest analysis, signals indicate that there is still no significant shift in trend despite BTC’s attempt to move above the key resistance.

根據鍊鍊數據平台玻璃節點的說法，在其最新分析中，信號表明，儘管BTC試圖超越關鍵阻力，但趨勢仍未發生顯著變化。

According to the latest data from on-chain analysis firm, Bitcoin’s Accumulation Trend Score remains low at 0.5, even as the cryptocurrency faces persistent sellers in the market.

根據鏈分析公司的最新數據，即使加密貨幣面對市場上的持續銷售商，比特幣的累積趨勢得分仍然較低。

This measure, which tracks the overall activity of major market players in accumulating or distributing BTC, continues to signal that some investors are buying, but the overall trend indicates weak accumulation.

這項措施跟踪了主要市場參與者在積累或分發BTC方面的總體活動，它繼續表明一些投資者正在購買，但總體趨勢表明積累疲軟。

The analysis platform further noted that the trend score has remained below the 0.5 point for the past 58 days, signaling a relative distribution period.

分析平台進一步指出，趨勢得分在過去58天內一直低於0.5點，這表明相對分佈週期。

The current streak of below-average accumulation is approaching the average length of distribution periods over a one-year time frame, indicating that it is still consistent with historical patterns.

當前的積累低於平均水平的條紋正在接近一年的時間範圍內的平均分配時間長度，這表明它仍然與歷史模式一致。

The on-chain analysis platform noted that the average duration of distribution phases and accumulation cycles over the last 1 year was 65 days and 57 days, respectively. Overall, BTC was in relative accumulation above the 0.5 point for 170 days and in relative distribution below 0.5 for about 196 days.

鏈分析平台指出，過去1年的平均分佈階段和積累週期的平均持續時間分別為65天和57天。總體而言，BTC的相對積累高於0.5點170天，相對分佈低於0.5，約為196天。

Meanwhile, the periods of accumulation and distribution have alternated between 57 and 65 days. Given that the most current reading is at 0.9, the trend score shows that big entities are still in a net distribution regime and have not yet been confirmed that they are moving into accumulation. With whales and long-term investors showing less aggressive buying pressure, Bitcoin’s price could face an extended pullback to lower key support levels.

同時，積累和分佈的周期在57至65天之間交替。鑑於最新的讀數為0.9，因此趨勢得分錶明，大實體仍處於淨分配製度，並且尚未確認它們正在積累。隨著鯨魚和長期投資者的積極購買壓力，比特幣的價格可能會延長到較低的鑰匙支持水平。

BTC Short-Term Holders In A Fragile Position

BTC短期持有人處於脆弱的位置

Short-term BTC holders have also been driven to a precarious position as the price fluctuates. Prior to the sudden drop on Monday, BTC briefly recovered its Short-Term Holder Cost Basis, but it is currently trading slightly below the level.

隨著價格的波動，短期BTC持有人也被驅逐到不穩定的立場。在周一突然下降之前，BTC短暫收回了其短期持有人的成本基礎，但目前的交易略低於該水平。

However, according to Glassnode, Bitcoin’s short-term holder Market Value to Realized Value (MVRV) is at 0.00, indicating a 1% paper decrease. This shows that STHs are still in a fragile position since their profitability is close to breakeven.

但是，根據GlassNode的說法，比特幣對已實現價值的短期持有人的市場價值（MVRV）為0.00，表明紙張降低了1％。這表明STH仍然處於脆弱的位置，因為他們的盈利能力接近盈虧平衡。

BTC’s short-term holder SOPR witnessed a decline during bearish price performances. The metric fell significantly below its quarterly median last week. However, it has since rebounded to its upper deviation band, which might signal renewed demand absorption and improve sentiment following a capitulation by short-term holders.

BTC的短期持有人SOPR在看跌價格表現期間見證了下降。該度量大大低於上週的季度中位數。但是，從那以後，它反彈到了其上偏差頻段，這可能表明在短期持有人進行投降後，提高了需求的吸收並改善了情緒。