比特幣[BTC]交換流出峰值，超過20,000 BTC遷移到市場

在過去的96小時中，超過21,000比特幣[BTC]已轉移到交換中，這標誌著交換儲備中的巨大尖峰。

Over the past 96 hours, over 21,000 Bitcoin (BTC) have been transferred to exchanges, resulting in a substantial spike in exchange reserves.

在過去的96小時中，超過21,000比特幣（BTC）已轉移到交易所，導致了交換儲量的大量峰值。

Historically, such massive inflows of Bitcoin to exchanges are often associated with increased sell-side pressure, especially as traders tend to anticipate local tops or market reversals.

從歷史上看，這種大量比特幣向交流的流入通常與賣方壓力增加有關，尤其是當交易員傾向於預測當地上衣或市場逆轉時。

Bitcoin has been trading relatively flat around the $83,700 level as it struggles to gain momentum following a recent dip. As the market closely observes whether these inflows will trigger a correction or if bullish forces will prevail.

比特幣的交易相對平穩，因為它在最近的下降後努力獲得勢頭，因此比特幣的交易量相對較高。由於市場緊密觀察到這些流入是否會引發糾正措施，還是看漲的力量將佔上風。

What’s Bitcoin preparing for?

比特幣準備什麼？

On the 4-hour chart, Bitcoin appeared to be forming a textbook cup and handle pattern, which traditionally signals a potential continuation of the previous uptrend.

在4小時的圖表上，比特幣似乎形成了教科書杯和手柄圖案，傳統上標誌著先前上升趨勢的潛在延續。

BTC price today is $85,138.04 up 1.02% in 24 hours.

今天的BTC價格為$ 85,138.04在24小時內上漲1.02％。

The neckline of the pattern sat at the $88,860 level—a key resistance zone that must be cleared to confirm a breakout.

該圖案的領口坐在$ 88,860的水平上，這是一個必須清除以確認突破的關鍵阻力區。

A decisive move above this level could trigger a wave of buying pressure, potentially opening the path toward new highs for Bitcoin.

高於此水平的決定性舉動可能會觸發購買壓力的一波，有可能為比特幣的新高點打開道路。

However, the pattern has yet to complete, and the handle portion remains sensitive to broader market sentiment.

但是，該模式尚未完成，手柄部分仍然對更廣泛的市場情緒敏感。

If bulls fail to build enough momentum, Bitcoin could pull back toward the $81,535 support level, which has proven resilient in previous dips.

如果公牛無法建立足夠的勢頭，比特幣可以向後返回81,535美元的支持水平，這在先前的下降中已被證明具有彈性。

(Image: TradingView)

（圖片：TradingView）

Is momentum weakening?

動量削弱了嗎？

Market sentiment showed no clear direction at press time, with bulls and bears perfectly matched at 130 each over the past seven days.

市場情緒在發稿時沒有明確的方向，在過去的七天中，公牛和熊隊的匹配為130。

This equilibrium indicated deep uncertainty in the market, where any minor event could tip the scales sharply.

這種均衡表明市場上的不確定性深度不確定性，任何次要事件都可以急劇尖銳。

At the same time, Bitcoin’s network activity has dropped significantly, approaching the historic lows seen in 2018 and 2021.

同時，比特幣的網絡活動顯著下降，接近2018年和2021年的歷史低谷。

A decline in on-chain engagement often reflects reduced user demand and weaker market participation. However, renewed volume or institutional buying could quickly reverse this decline.

鏈上參與度的下降通常反映出用戶需求減少和市場參與較弱。但是，更新的數量或機構購買可能會迅速扭轉這一下降。

(Image: CryptoQuant)

（圖片：加密量）

Whale buying intensifies

鯨魚購買加劇

Despite the rising exchange reserves, whales and institutions appear to be accumulating BTC aggressively.

儘管交換儲量增加，但鯨魚和機構似乎正在積極積累BTC。

Wallets holding over 10,000 BTC have increased their holdings, pushing the accumulation score close to 0.6, according to Glassnode. This score, which ranges from 0 to 1, measures the rate at which large investors are buying and holding onto their coins.

根據GlassNode的數據，持有超過10,000 BTC的錢包增加了其持股，將積累得分接近0.6。該分數範圍從0到1，衡量了大型投資者購買和持有硬幣的利率。

Moreover, Tether has acquired $750 million worth of BTC in 2025, now holding over 100,000 BTC valued at $8.5 billion.

此外，Tether在2025年收購了價值7.5億美元的BTC，現在持有超過100,000 BTC，價值85億美元。

Instit

研究所