儘管本週動量略有下降，但比特幣（BTC）仍在超過84,000美元的交易量。

在短暫接觸近90,000美元的較高水平之後，該資產在過去一天下降了3.3％，其目前的價格約為84,222美元。

Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week.

儘管本週勢頭略有下降，但比特幣（BTC）仍在超過84,000美元的交易量。

After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222. While price volatility remains a short-term concern, Bitcoin’s broader trend shows signs of consolidation within this range.

在短暫接觸近90,000美元的較高水平之後，該資產在過去一天下降了3.3％，其目前的價格約為84,222美元。儘管價格波動仍然是一個短期關注的問題，但比特幣的更廣泛趨勢顯示了此範圍內合併的跡象。

Amid the movement from BTC's price, on-chain analysts are offering insights into Bitcoin's behavior beyond the surface-level price action.

在BTC價格的移動中，鏈上分析師正在提供對比特幣行為的見解，而不是表面上的價格行動。

Bitcoin Mean Coin Age and Supply Dynamics in Focus

比特幣平均硬幣年齡和供應動態重點

A recent analysis by CryptoQuant contributor Onchained points to Bitcoin's Mean Coin Age (MCA) as a crucial metric for understanding current market sentiment. The MCA represents the average age of unspent transaction outputs (UTxOs), which can help reveal the behavior of long-term holders.

加密貢獻者的最新分析對比特幣的平均硬幣年齡（MCA）的觀點進行了分析，這是了解當前市場情緒的關鍵指標。 MCA代表了未解決的交易產量（UTXO）的平均年齡，這可以幫助揭示長期持有人的行為。

According to Onchained, Bitcoin's recent upward momentum is not a product of short-term speculation or news-driven hype. Rather, it is being influenced by the strategic actions of long-term holders.

根據Onchaining的說法，比特幣最近的向上動力不是短期投機或新聞驅動炒作的產物。相反，它受到長期持有人的戰略行動的影響。

These participants typically acquire BTC during market downturns and hold through volatile phases, reducing the available supply and gradually increasing scarcity. This behavior creates conditions in which even moderate increases in demand can lead to stronger price responses due to reduced liquidity in the market.

這些參與者通常會在市場下滑期間獲得BTC，並通過揮發性階段保持穩定，減少了可用的供應並逐漸增加了稀缺性。這種行為會產生條件，即由於市場流動性降低而導致需求中等增長也會導致更強的價格響應。

With Bitcoin's supply capped at 21 million, the accumulation of coins by long-term holders contributes to a tightening of supply. As these coins become increasingly illiquid, they apply upward pressure on price when demand strengthens. This mechanism is a core feature of Bitcoin's market dynamics and is viewed by some analysts as a signal of potential bullish continuation. Onchained wrote:

隨著比特幣的供應限額為2100萬，長期持有人的硬幣積累有助於收緊供應。隨著這些硬幣變得越來越流動，當需求加強時，它們對價格施加了向上的壓力。這種機制是比特幣市場動態的核心特徵，一些分析師將其視為潛在看漲的信號。 Onchained寫道：

This illiquidity creates a supply-demand imbalance, contributing to upward pressure on prices when demand increases. As fewer coins are available for trading, the price becomes more sensitive to buy-side pressure, leading to stronger upward price movements.

這種流動性不足會產生供需不平衡，在需求增加時會導致價格向上壓力。由於可用於交易的硬幣較少，因此價格對購買側壓力更加敏感，從而導致價格更高。

Monitoring Behavioral Shifts for Market Signals

監視市場信號的行為轉變

The analysis also highlights the significance of a sudden drop in MCA, which can indicate long-term holders are beginning to move their coins. Such behavior may signal changing sentiment, profit-taking, or reactions to broader macroeconomic conditions.

該分析還強調了MCA突然下降的重要性，這可能表明長期持有人開始移動硬幣。這種行為可能表明改變情緒，獲利或對更廣泛的宏觀經濟條件的反應。

According to Onchained, “the movement of these coins from long-term holders can drive short-term volatility and is a signal that market dynamics are changing.”

根據Onchaining的說法，“這些硬幣從長期持有人中移動可以推動短期波動，這表明市場動態正在發生變化。”

Onchained emphasized that relying solely on public commentary or high-profile announcements—such as regulatory statements, ETF launches, or tweets from influential figures—may distract from the deeper, data-driven trends that govern Bitcoin's performance.

Onchained強調，僅依靠公眾評論或備受矚目的公告，例如監管聲明，ETF發射或有影響力的人物的推文，可能會分散對比特幣表現的更深入的，數據驅動的趨勢。

Instead, the blockchain itself provides transparent insights into actual investor behavior, offering a clearer view of market conditions. The analyst noted:

取而代之的是，區塊鏈本身為實際投資者行為提供了透明的見解，從而更清晰地看待市場條件。分析師指出：

The truth lies within the data itself. The blockchain speaks clearly and transparently, and it is through this data that we can understand bitcoin’s true movement. S.N architected Bitcoin to ensure that the financial information we need is open and accessible to all, so we can make informed decisions, not be misled by the stupidity of popular narratives. Let the data guide us, not the whims of outsiders who misunderstand what is truly happening.

真相在於數據本身。區塊鏈的說話清晰，透明地說，通過這些數據，我們可以理解比特幣的真實運動。 SN構建比特幣，以確保我們需要的財務信息是所有人開放和訪問的，因此我們可以做出明智的決定，而不是被流行敘事的愚蠢誤導。讓數據指導我們，而不是誤解真正發生的事情的外來者的異想天開。