隨著投資者看漲情緒消退，比特幣（BTC）面臨大量資本外流

最大的數位資產比特幣在過去幾天面臨大幅波動，價格跌至接近 91,500 美元的水平。

Bitcoin, the flagship digital asset, has encountered significant volatility over the past few days, bringing the coin closer to the $91,500 price level. This recent downturn in price has swayed bullish sentiment among investors and traders as the asset experiences vast capital outflows.

旗艦數位資產比特幣在過去幾天經歷了大幅波動，使其價格接近 91,500 美元。由於該資產經歷了大量資本外流，最近的價格下跌動搖了投資者和交易員的看漲情緒。

Aftermath of Large Capital Outflows In Bitcoin

比特幣大規模資本外流的後果

As Bitcoin continues to navigate price struggles, data from advanced investment and on-chain platform Alphractal shows the asset has witnessed a massive wave of capital outflows. A rise in capital outflows serves as an indication of shifting confidence among investors regarding BTC’s trajectory.

隨著比特幣繼續陷入價格困境，來自高級投資和鏈上平台 Alphractal 的數據顯示，該資產見證了大規模的資本外流。資本外流的增加顯示投資者對比特幣發展軌跡的信心發生了變化。

This trend comes as investors and traders reassess their positions following BTC’s latest price movements toward a downside trajectory. Moreover, Bitcoin’s price decline raises questions regarding its capacity to hold present levels as the platform points to key support bands ahead.

這一趨勢出現之際，投資者和交易員在比特幣最新價格走勢走向下行軌道後重新評估了自己的部位。此外，比特幣的價格下跌引發了人們對其維持當前水平的能力的質疑，因為該平台指向了未來的關鍵支撐區間。

The withdrawal of capital from Bitcoin raises the possibility of market makers searching for new price points at which to reenter the market, the platform highlights. Alphractal hence underscores potential scenarios and price levels that may unfold over the coming days.

該平台強調，資金從比特幣撤出增加了做市商尋找新價格點重新進入市場的可能性。因此，Alphractal 強調了未來幾天可能出現的潛在情景和價格水平。

With significant capital flowing out of BTC, Alphractal notes that the Short-Term Holder Realized price is currently found at the $86,200 level. This zone often acts as support during bull markets and serves as the initial target should Bitcoin continue lower. Bullish momentum tends to persist as BTC recovers from this point.

Alphractal 指出，隨著大量資金流出 BTC，短期持有者已實現價格目前處於 86,200 美元的水平。該區域通常在牛市期間充當支撐，並作為比特幣繼續走低的初始目標。隨著 BTC 從這一點恢復，看漲勢頭往往會持續下去。

Alphractal also highlights another price level of $80,700, which reflects an area of hope/denial band. This range is identified by the STH & LTH Sentiment Price Band indicator, which has historically maintained bullish trends and reflects the sentiment thermometer of both short and long-term investors.

Alphractal 也強調了另一個價格水準 80,700 美元，這反映了希望/否定區間的區域。該範圍由 STH 和 LTH 情緒價格帶指標確定，該指標歷來保持看漲趨勢，反映了短期和長期投資者的情緒溫度計。

However, in the event of another market sell-off akin to that seen in May 22021, Bitcoin could drop down to lower support levels between $66,000 and $60,000. These zones correspond to metrics such as the Active Realized Price and True Market Mean Price, which determine the ideal average price of the blockchain while excluding newly mined coins.

然而，如果出現類似 2021 年 5 月那樣的另一場市場拋售，比特幣可能會跌至 66,000 美元至 60,000 美元之間的較低支撐位。這些區域對應於活躍實現價格和真實市場平均價格等指標，這些指標確定了區塊鏈的理想平均價格，同時排除了新開採的代幣。

As BTC consolidates near crucial support levels, the downtrend may be halted once substantial capital begins to enter the market. In the meantime, market participants continue to observe the situation for signs of a possible rebound or an extended downward pressure.

隨著比特幣在關鍵支撐位附近盤整，一旦大量資金開始進入市場，下跌趨勢可能會停止。同時，市場參與者繼續觀察情勢，尋找可能反彈或持續下行壓力的跡象。

Short-Term Holder Cost-Basis At Critical Level

短期持有者成本基礎處於關鍵水平

Bitcoin’s latest price movements have brought the Short-Term Holder Cost Basis to a critical level of support. Data from leading on-chain and financial platform Glassnode reveals that the short-term holder cost basis is currently positioned at the $88,000 mark for assessing the momentum of BTC’s price.

比特幣的最新價格走勢使短期持有者成本基礎達到了關鍵的支撐水準。來自領先鏈上和金融平台 Glassnode 的數據顯示，評估 BTC 價格動能的短期持有者成本基礎目前位於 88,000 美元大關。

Utilizing the UTXO Realized Price Distribution (URPD) metric, Glassnode finds that there is insufficient volume below the STH cost basis. According to the platform, a decisive loss of this level could trigger an extension of the downswing.

利用 UTXO 實現價格分佈 (URPD) 指標，Glassnode 發現低於 STH 成本基礎的交易量不足。該平台表示，如果跌破這一水平，可能會引發下行趨勢的延續。