比特幣（BTC）超過了短期持有人的實現價格，令人興奮的分析師

比特幣的價值當前超過短期持有人實現的價格，已經達到90,089美元。

Bitcoin price has exceeded the realized price of short-term holders, which has excited analysts, although their forecasts about Bitcoin’s upcoming trajectory vary. The market questions how long the Bitcoin price surge will become a permanent trend, since authorities speculate about potential major market drops.

比特幣價格超出了短期持有人的實現價格，儘管他們對比特幣即將到來的軌蹟的預測有所不同，但分析師的實現價格激動了。市場質疑比特幣價格漲幅將成為永久趨勢，因為當局推測了潛在的主要市場下降。

Is Bitcoin Primed for a Major Rally or a Setback?

比特幣是為重大集會還是挫折的？

The value of Bitcoin currently exceeds short-term holder realized prices and has reached a level of $92,089. Bitcoin has succeeded in breaking above this level for the first time since March, increasing expectations of a substantial price increase. The Bitcoin value reached $94K during the last 24 hours, indicating a 6% increase. This follows President Trump’s stance on Fed chair Powell and softening his stance on China’s tariffs.

比特幣的價值當前超過短期持有人實現的價格，已經達到92,089美元。自3月以來，比特幣首次成功地超過了這一水平，對價格上漲的期望提高。在過去的24小時內，比特幣的價值達到了94K美元，表明增加了6％。這是在特朗普總統對美聯儲主席鮑威爾的立場，並軟化了他對中國關稅的立場。

However, some analysts, like Avocado_onchain, urge caution. The current Bitcoin price movement may form a double top pattern because it replicates a price behavior that occurred in 2021. Evaluations indicate that the current market movement represents a possible brief peak rather than lasting upward momentum.

但是，一些分析師，例如鱷梨_onchain，敦促謹慎。當前的比特幣價格變動可能會形成雙層模式，因為它複製了在2021年發生的價格行為。評估表明當前的市場運動代表了可能的短暫峰值，而不是持久的勢頭。

Image 1- Bitcoin Realized Cap, provided by Avocado_on chain, published on X, April 24, 2025

圖像1-由avocado_on Chain提供的比特幣實現的上限，於2025年4月24日發佈於X

The analyst demonstrated this data through a chart showing how momentary investors moved from their initial category into 3–6 month investing, denoted by a yellow arrow, during long-term market losses. During rallies characterized by green arrows, this group tends to profit by selling their assets to new market participants.

分析師通過一張圖表展示了這些數據，以表明在長期市場損失期間，瞬間投資者如何從初始類別轉變為3-6個月的投資，並用黃色箭頭表示。在以綠色箭頭為特徵的集會期間，該群體傾向於通過將其資產出售給新市場參與者來獲利。

What Does the Behavior of Short-Term Holders Indicate?

短期持有人的行為表明什麼？

Bitcoin’s price movements heavily depend on short-term holder behavior since these participants enter the market when prices rise. The current surge indicates key developments in the market through these short-term holder patterns, which remain under observation. Market corrections usually occur after short-term holders execute profit-taking moves according to historical price performance.

比特幣的價格變動在很大程度上取決於短期持有人的行為，因為這些參與者在價格上漲時進入市場。當前的激增表明了通過這些短期持有人模式在市場上的關鍵發展，這些模式仍在觀察中。市場糾正通常是在短期持有人根據歷史價格績效執行利潤轉移之後進行的。

Image 2- Bitcoin Realized Price, provided by Avocado-on chain, published on X, April 23, 2025

圖片2-由鱷梨鏈條提供的比特幣實現的價格，於2025年4月23日發佈於X

According to Avocado_onchain analysis, the market’s available liquidity might decrease through the transition of holders into long-term positions when prices draw down. The crypto market experiences potential volatility when short-term holders cash out at vital price thresholds, including $91,000. The realized price for short-term holders has exceeded during past Bitcoin halvings, as price peaks consistently reached higher figures. The present market movements hint at another price peak, potentially to $100K, before a considerable market correction occurs.

根據Avocado_onchain分析，當價格降低時，市場可用的流動性可能會通過將持有人轉變為長期頭寸而降低。當短期持有人以至關重要的價格門檻（包括91,000美元）兌現時，加密市場經歷了潛在的波動性。在過去的比特幣過度中，短期持有人的實現價格已超過，因為價格峰值始終達到了更高的數字。當前的市場變動暗示了另一個價格峰值，可能是在大量市場校正之前可能達到10萬美元。

Is a Rally to $96K Imminent as Tariffs Likely to Reduce by 50%?

由於關稅可能會降低50％，這是迫在眉睫的$ 96,000美元的集會嗎？

The current Bitcoin price performance is substantially influenced by broad economic conditions, even though it continues to show strength. Market uncertainty caused by U.S.-China trade tariffs creates additional risks in the market. The decrease in U.S.-Chinese tariff levels created buoyant market conditions for Bitcoin and other risk-oriented assets. According to a WSJ report, the US tariffs on China will likely be reduced by 50%.

目前的比特幣價格性能在很大程度上受到廣泛的經濟狀況的影響，即使它繼續顯示出實力。美國 - 中國貿易關稅引起的市場不確定性在市場上造成了額外的風險。美國 - 中國關稅水平的下降創造了比特幣和其他面向風險的資產的浮力市場條件。根據WSJ的報告，美國對中國的關稅可能會減少50％。