關鍵的鍊鍊數據顯示，比特幣（BTC）持有人不會出售，因為價格努力尋找短期方向

比特幣目前的交易低於$ 10萬美元，目光卻沒有明確的趨勢。經過激烈的波動，公牛上週末失去了控制

Bitcoin price analysis shows BTC struggling to break above $100K, remaining range-bound.

比特幣的價格分析表明，BTC努力掙脫超過$ 100k，剩餘的範圍有限。

As Bitcoin price consolidates below all-time highs, key on-chain data reveals a crucial trend among BTC holders. Top analyst Axel Adler shared insights highlighting that since Bitcoin reached $28K, address activity has dropped into negative territory. This means that the majority of BTC holders are reducing sell-side pressure and limiting major downside risk.

隨著比特幣價格鞏固以下水平低下，關鍵的鍊鍊數據揭示了BTC持有人的關鍵趨勢。頂級分析師阿克塞爾·阿德勒（Axel Adler）共享了見解，強調了，由於比特幣達到28K美元，地址活動已下降到負地區。這意味著大多數BTC持有人正在減輕賣方壓力，並限制了主要的下行風險。

Bitcoin has been consolidating below its all-time high since late December, with only a brief breakout attempt in mid-January that failed to trigger price discovery. Despite high expectations for BTC returns at the beginning of the year, the market has been trapped in a range.

自12月下旬以來，比特幣一直在其歷史最高水平以下，僅在1月中旬進行了短暫的突破嘗試，但未能觸發價格發現。儘管在今年年初對BTC回報的期望很高，但市場仍被困住。

The lack of momentum above $100K has raised concerns about whether BTC will continue its historic bull cycle or if the market is entering a prolonged consolidation phase.

超過$ 10萬美元的動力缺乏對BTC是否將繼續其歷史性的牛週期或市場進入延長整合階段的擔憂。

Top analyst Axel Adler shared key insights on X, highlighting a critical trend that could shape Bitcoin’s price trajectory. Adler points out that something has changed in this cycle compared to previous bull markets. With fewer coins being moved or sold, supply is tightening at a faster rate, potentially setting the stage for an eventual supply squeeze.

頂級分析師阿克塞爾·阿德勒（Axel Adler）在X上分享了關鍵見解，突出了一個關鍵趨勢，可以影響比特幣的價格軌跡。阿德勒指出，與以前的牛市相比，這個週期中發生了變化。隨著硬幣的移動或出售，供應速度更快地收緊，有可能為最終的供應壓縮奠定基礎。