比特幣（BTC）牛市隨著損失的硬幣返回而接近關鍵時刻，$ 97.1k是沙灘上的界限

比特幣（BTC）的牛市正在進入一個關鍵的關頭，跡象表明，一個主要的轉折點可能會臨近。

As Bitcoin continues its bull run, reaching new all-time highs, several on-chain indicators are hinting at the next steps in this rally.

隨著比特幣繼續進行公牛跑步，達到了新的歷史最高點，幾個鏈上的指標暗示了這次集會的下一步。

One key aspect to watch is the movement of lost coins, which could signal a turning point in the market.

要注意的一個關鍵方面是丟失硬幣的運動，這可能標誌著市場上的轉折點。

Here's a closer look at these indicators and what they might indicate for Bitcoin.

這是對這些指標及其對比特幣的指示。

Lost coins and their role in market cycles

丟失硬幣及其在市場週期中的作用

The term "lost coins" refers to BTC that has remained dormant for years, typically held by early investors or large-scale鲸鱼 who either lost track of their assets or chose not to move them.

“丟失硬幣”一詞是指在多年來一直處於休眠狀態的BTC，通常由早期投資者或大規模鯨魚鯨魚失去資產或選擇不移動它們的大規模。

When these coins begin to move again, it usually indicates that long-term holders might be preparing to either take profits or adjust their positions.

當這些硬幣再次開始移動時，通常表明長期持有人可能正在準備拿利潤或調整其頭寸。

According to crypto jargon, these coins are considered "lost" because they haven't been touched in a very long time — usually several years or more.

根據Crypto術語的說法，這些硬幣被認為是“丟失”的，因為它們已經很長時間了，通常是幾年或更長時間。

Historically, the reactivation of lost coins has coincided with major bullish phases, suggesting a potential shift toward the final leg of the bull run.

從歷史上看，丟失的硬幣的重新激活與主要看漲階段相吻合，這表明向公牛跑步的最後一站有潛在的轉變。

This phenomenon is evident in the data, which shows how lost coins are becoming active once again, a behavior that has consistently aligned with Bitcoin's most explosive price runs.

這種現像在數據中很明顯，該現象表明了丟失的硬幣如何再次變得活躍，這種行為一直與比特幣最爆炸性的價格運行保持一致。

Over the past several months, Bitcoin's price has continued to climb, pushing toward new all-time highs. However, as observed in previous cycles, the final phase of a bull market is often accompanied by heightened volatility.

在過去的幾個月中，比特幣的價格繼續上漲，推向了新的歷史高潮。但是，正如先前的周期中所觀察到的那樣，牛市的最後階段通常伴隨著增強的波動性。

If previously inactive BTC holders begin selling in large volumes, this could introduce short-term downward pressure before the market resumes its upward trajectory.

如果以前不活躍的BTC持有人開始大量銷售，那麼這可能會在市場恢復其上升軌蹟之前引入短期下降壓力。

A crucial support level: $97,190 and its significance

關鍵支持水平：$ 97,190及其意義

Crypto analyst Ali Martinez recently highlighted a crucial support level for Bitcoin, indicating that on-chain data reveals a massive cluster of BTC holdings at this key price.

加密分析師阿里·馬丁內斯（Ali Martinez）最近強調了比特幣的關鍵支持水平，表明鏈上的數據顯示了以這種關鍵價格的大量BTC持有量。

According to the data, approximately 1.45 million addresses acquired BTC at prices ranging from $95,772 to $98,719, with a total volume of 138k BTC.

根據數據，大約有145萬個地址為BTC收購的價格從95,772美元到98,719美元不等，總卷為138K BTC。

If Bitcoin manages to remain above this zone, the uptrend is likely to continue, as these holders are unlikely to sell at a loss, thus maintaining support at these levels.

如果比特幣設法保持在該區域之上，則可能會繼續上升，因為這些持有人不太可能損失出售，從而在這些水平上保持支持。

However, if BTC breaks below this level, it could trigger a wave of selling pressure from these investors, leading to a steeper correction.

但是，如果BTC突破此水平，它可能會引發這些投資者的銷售壓力，從而導致更陡峭的糾正。

This makes $97,190 a psychological and technical level to watch in the coming weeks.

這使得$ 97,190在接下來的幾週內成為心理和技術水平。

A closer look at Bitcoin's price chart reveals that BTC has been in a strong uptrend, with higher highs and lows on the price chart.

仔細觀察比特幣的價格圖表明，BTC一直處於強勁上升趨勢，價格表上有更高的高潮和低點。

At press time, the king coin was trading at $100,733, encountering minor resistance in the $104,000–$108,000 range.

發稿時，國王硬幣的交易價格為100,733美元，在104,000美元至108,000美元的範圍內遇到了次要阻力。

A clear breakout above these levels could lead to a new price discovery phase, with BTC potentially targeting $120,000 and beyond.

高於這些水平的明顯突破可能會導致新的價格發現階段，而BTC可能針對120,000美元及以後。

On the other hand, if Bitcoin struggles to break resistance and loses momentum, we could see a short-term pullback toward $97,190. A break below this level might test lower support zones around $92,000 and $88,000, where large buying interest exists.

另一方面，如果比特幣努力打破阻力和失去動力，我們可能會看到短期回調的價格為97,190美元。低於此水平的休息可能會測試較低的支撐區，約為92,000美元和88,000美元，那裡存在很大的購買利息。

For now, all eyes are on Bitcoin's price action as the market decides its next move.

目前，由於市場決定下一步行動，所有人的目光都關注比特幣的價格行動。