比特幣（BTC）進入Q2 2025以看漲的勢頭，大型持有人加強了他們的購買狂潮

比特幣（BTC）以看漲的動力進入了第二季度2025年，大型持有人加強了他們的購買狂。 BTC價格交易約84,000美元

Bitcoin (BTC) entered Q2 2025 with bullish momentum as large holders, also known as whales, intensified their buying spree. The cryptocurrency's price hovered around $84,000 on Apr. 18 despite macroeconomic concerns and weak U.S. manufacturing data. Analysts were now keeping an eye on $100,000 as the key psychological barrier.

比特幣（BTC）以看漲的勢頭（也稱為鯨魚）進入了Q2 2025 Q2 2025，加劇了他們的購買狂潮。儘管有宏觀經濟問題和美國製造數據疲軟，但加密貨幣的價格在4月18日盤旋了84,000美元。分析師現在關注100,000美元作為關鍵的心理障礙。

BTC Price Targets $100K as Whale Accumulation Surges

BTC價格目標$ 10萬美元，鯨魚的積累激增

Bitcoin whales were accumulating BTC at the fastest pace in years. According to Glassnode, large holders were absorbing over 300% of Bitcoin's yearly issuance. At the same time, exchanges were losing coins rapidly, with absorption rates falling below -200%.

比特幣鯨以多年來最快的速度積累了BTC。根據GlassNode的說法，大型持有人吸收了比特幣年度發行的300％以上。同時，交易所正在迅速失去硬幣，吸收率降至-200％以下。

This behavior mirrored trends seen ahead of Bitcoin's 2020 rally. On-chain analyst Mignolet highlighted that the largest wallet cohorts, especially those holding more than 10,000 BTC, remained in strong accumulation territory.

這種行為反映了比特幣2020年拉力賽之前看到的趨勢。鍊鍊分析師Mignolet強調，最大的錢包隊，尤其是那些擁有10,000多個BTC的人群，仍然存在於強大的積累領域中。

Their Trend Accumulation Score stood at 0.7, indicating sustained confidence.

他們的趨勢積累評分為0.7，表明持續信心。

Meanwhile, smaller holders that had been selling earlier this year were stabilizing. Cohorts with 10-100 BTC and 1-10 BTC holdings saw their scores return to neutral.

同時，今年早些時候銷售的較小持有人正在穩定。與10-100 BTC和1-10 BTC持有的隊列的隊列使他們的分數恢復到中立。

Falling Wedge Breakout Sets Stage for $100K BTC Price

Falled Wedge Breakout Sets Stage以10萬美元的價格BTC價格

Bitcoin's recent breakout from a descending wedge pattern had reignited bullish hopes among traders.

比特幣最近從下降的楔形模式中突破了貿易商的看漲希望。

The pattern formed over several months and compressed price action between two falling trendlines. BTC price broke above the upper trendline in mid-Apr. bulls now targeted a 23.7% rally from the breakout point. This placed the projected upside target near $105,000.

該模式在幾個月內形成，並在兩個下降趨勢線之間壓縮價格行動。 BTC的價格超過了Apr的上層趨勢線。現在，公牛隊以突破點的23.7％集會為目標。這使預計的上升空間目標接近105,000美元。

The setup resembled classic wedge breakouts where the price rally equaled the wedge height added to the breakout level. Based on this rule, the target stood at $101,570 to $105,000, depending on entry.

設置類似於經典的楔形突破，價格集會等於楔形高度為突破水平增加。基於此規則，根據入境，目標的價格為101,570至105,000美元。

The chart also showed Bitcoin struggling against key moving averages. The 50-day exponential moving average (EMA) sat at $85,329, while the 200-day EMA was at $85,006.

該圖表還顯示，比特幣掙扎於關鍵移動平均值。 50天的指數移動平均線（EMA）為85,329美元，而200天EMA為85,006美元。

Both levels were pressing down on the price, which hovered around $84,495 on Apr. 18. Market analyst Scott Melker said that bulls needed to reclaim $88,804 to shift the structure back to bullish, and,

這兩個級別都在壓低價格，4月18日徘徊在84,495美元左右。市場分析師斯科特·梅爾克（Scott Melker）表示，公牛需要回收88,804美元才能將結構轉移回看漲，並且

“The 200-day moving average remains overhead as resistance…Encouraging – but not convincing – yet.”

“ 200天的移動平均水平仍然是阻力……令人鼓舞的 - 但還沒有說服力。”

Support lay near $74,000, where previous consolidation zones could offer a cushion. If bulls failed to follow through, Bitcoin could revisit that range before making another move.

支撐位接近74,000美元，以前的合併區可以提供墊子。如果公牛沒有遵循，則比特幣可以在採取另一步之前重新訪問該範圍。

The chart confirmed that momentum was building, but resistance remained firm. BTC's ability to break above $88,804 would likely determine the rest of Q2.

該圖表證實了動力正在建立，但阻力仍然很堅定。 BTC超過$ 88,804的能力可能會決定其餘的第二季度。

Retail Missing as Technical Breakout Unfolded

隨著技術突破的展開而缺少零售業

Despite bullish signals, retail participation had yet to return. A crypto analyst Ali noted that past BTC tops coincided with a spike in retail activity.

儘管看漲信號，但零售參與尚未返回。一位加密分析師阿里（Ali）指出，過去的BTC頂峰恰逢零售活動的興高采烈。

The move from $70,000 to $110,000 lacked that frenzy, echoing the late 2021 setup.

從70,000美元到110,000美元的轉移缺乏瘋狂的速度，這與2021年末設置相呼應。

However, technical analysts flagged a breakout from a falling wedge pattern on the daily BTC/USD chart.

但是，技術分析師在每日BTC/USD圖表上從掉落的楔形圖案中標記了一個突破。

The wedge-formed over multiple months, with price action compressing between two downward trendlines. The recent upside breakout now places Bitcoin's short-term target above $100,000.

楔形在多個月內成型，價格動作在兩個下降趨勢線之間壓縮。最近的上升突破現在將比特幣的短期目標置於100,000美元以上。

Using standard wedge projection techniques, traders measure the pattern's maximum height and add it to the breakout point.

使用標準的楔形投影技術，交易者測量了模式的最大高度，並將其添加到突破點。

This method implies a potential target of roughly $101,570 in the coming weeks, provided price holds above critical support levels.

這種方法意味著在接下來的幾週內，潛在的目標約為101,570美元，前提是價格高於關鍵支持水平。

Federal Reserve Data Adds Short-Term Headwinds

美聯儲數據增加了短期逆風

On Apr. 17, the Philadelphia Federal Reserve Manufacturing Index reported the sharpest drop in activity since 2020.

4月17日，費城美聯儲製造指數報告說，自2020年以來活動的最高下降。

All indicators—new orders, shipments, and overall activity—turned negative.

所有指標（新訂單，貨物和整體活動）均為負面。

Felix Jauvin, a macro analyst at Blockworks, called the data a worst-case scenario for policymakers. "Economic activity is falling off a cliff, and prices are going up," he said.

Blockworks的宏分析師Felix Jauvin稱數據為決策者最糟糕的情況。他說：“經濟活動正在從懸崖上掉下來，價格上漲。”

Bitcoin, however, appeared more resilient to these macro shocks. Binance noted in an Apr. report that the asset held steady despite Trump's tariff announcements. The btc price dropped over 10% initially but recovered to trade flat.

但是，比特幣似乎對這些宏觀衝擊更具彈性。 Binance在4月的一份報告中指出，儘管特朗普的關稅宣布，但資產仍然穩定。 BTC價格最初下跌了10％以上，但恢復為貿易平坦。

Trump's Tariff Plans Weigh on Risk Appetite

特朗普的關稅計劃權衡風險食慾

U.S. President Donald Trump's proposed import tariffs are adding pressure on manufacturers. Although some levies were paused, the administration still plans sweeping duties on Chinese imports.

美國總統唐納德·特朗普（Donald Trump）提議的進口關稅正在增加製造商的壓力。儘管有些徵稅被暫停，但政府仍計劃對中國進口的稅收付出龐大的職責。

The result has spooked risk assets. While the S&P 500 dropped nearly 7

結果使風險資產嚇到了。而標準普爾500指數下降了近7