隨著鯨魚投資 4B 美元，比特幣 (BTC) 市場降溫，但人們對潛在市場調整的擔憂加劇

比特幣 (BTC) 經歷了爆炸性的一周，價格飆升至 99 美元的歷史新高，週末短暫停頓後，週日交易平靜。

Bitcoin (BTC) price remained largely unchanged on Sunday, following a brief pause over the weekend after an explosive week that saw its price soar to a new all-time high.

比特幣（BTC）價格在經歷了爆炸性的一周飆升至歷史新高後，週末短暫停頓，​​週日價格基本上保持不變。

After a slight dip from Friday’s record peak of $99,655, Bitcoin’s price hovered around $96,000 on Sunday morning, showing a 2.55% decrease over the past 24 hours. However, the world’s leading cryptocurrency still showed a remarkable 66.3% gain year-to-date.

比特幣價格自周五創下的歷史高點 99,655 美元小幅下跌後，週日上午徘徊在 96,000 美元左右，過去 24 小時內下跌了 2.55%。然而，全球領先的加密貨幣今年迄今仍實現了 66.3% 的驚人漲幅。

Notably, this surge has propelled Bitcoin’s market capitalization to an impressive $1.9 trillion, positioning it alongside tech giants like Google. As the leading cryptocurrency extends its rally, it draws growing interest from large investors.

值得注意的是，這種飆升已將比特幣的市值推至令人印象深刻的 1.9 兆美元，使其與Google等科技巨頭並駕齊驅。隨著領先的加密貨幣繼續上漲，它吸引了大型投資者越來越多的興趣。

According to renowned crypto analyst Ali Martinez, whales have invested nearly $4 billion in Bitcoin over the past four days, betting that its price could soar well beyond $100,000.

據著名加密貨幣分析師阿里馬丁內斯 (Ali Martinez) 稱，在過去四天裡，鯨魚已在比特幣上投資了近 40 億美元，押注其價格可能飆升至 10 萬美元以上。

“Bitcoin whales have bought over 40,000 BTC in the last 96 hours, worth around $3.96 billion,” he tweeted Saturday.

「比特幣鯨魚在過去 96 小時內購買了超過 4 萬枚比特幣，價值約 39.6 億美元，」他週六在推特上寫道。

Martinez pointed out that 65,000 BTC, worth around $6.37 billion, had been withdrawn from exchanges in the same timeframe. This sharp withdrawal trend further underscores the growing confidence in Bitcoin’s future as investors opt to hold rather than trade.

馬丁內斯指出，同一時間段內有 65,000 枚 BTC，價值約 63.7 億美元，已從交易所撤出。這種急劇的撤資趨勢進一步凸顯了人們對比特幣未來的信心不斷增強，因為投資者選擇持有而不是交易。

That said, several key factors are driving Bitcoin’s impressive rise, with analysts highlighting catalysts such as the recent Federal Reserve’s interest rate cuts, increasing institutional investments through Bitcoin exchange-traded funds (ETFs), and ongoing purchases by major players like MicroStrategy.

儘管如此，有幾個關鍵因素正在推動比特幣的驚人上漲，分析師強調了一些催化劑，例如聯準會最近的降息、透過比特幣交易所交易基金（ETF）增加機構投資以及MicroStrategy 等主要參與者的持續購買。

However, despite Bitcoin’s strong ascent, concerns about a potential market correction are mounting. Martinez cautioned that the TD Sequential indicator had issued a sell signal on the 12-hour Bitcoin chart, suggesting a possible price pullback to $91,583 or even $85,610. To invalidate this bearish signal, he noted that Bitcoin must close above $100,535.

然而，儘管比特幣強勁上漲，但對潛在市場調整的擔憂仍在加劇。 Martinez 警告稱，TD 序貫指標已在 12 小時比特幣圖表上發出賣出訊號，表明價格可能回調至 91,583 美元甚至 85,610 美元。他指出，為了使這一看跌訊號無效，比特幣收盤價必須高於 100,535 美元。

Elsewhere, CryptoQuant, a leading on-chain analytics firm, also identified several critical indicators that suggest a local market peak could be forming. These include the MVRV ratio exceeding 3.7, which historically has marked market tops, and the Fear & Greed Index pushing beyond 80, a threshold that typically precedes price pullbacks. The index indicator has surged to 80 points, signaling “extreme greed” in the market.

在其他地方，領先的鏈上分析公司 CryptoQuant 也確定了幾個關鍵指標，顯示當地市場高峰可能正在形成。其中包括超過 3.7 的 MVRV 比率（歷史上已達到市場頂部），以及超過 80 的恐懼與貪婪指數（通常是價格回檔之前的閾值）。該指數已飆升至80點，顯示市場「極度貪婪」。

Meanwhile, Glassnode founders “Negentropic” offered a cautionary note, observing that as Bitcoin knocks on the $100K door, it could prompt significant profit-taking.

同時，Glassnode 創辦人「Negentropic」提出了警告，指出當比特幣敲響 10 萬美元大門時，可能會引發大幅獲利了結。

“Beware—$100K could trigger major profit-taking. So far, the sell-offs haven't been as intense as in March, when Bitcoin hit its $73K all-time high, or during the $70K retest in late May. If we see a sharp uptick in profit-taking indicators, a price correction becomes more likely,” they tweeted.

「請注意，10 萬美元可能會引發重大獲利了結。到目前為止，拋售並未像 3 月那樣劇烈，當時比特幣觸及 7.3 萬美元的歷史高點，也沒有 5 月底重新測試 7 萬美元時那麼激烈。如果我們看到獲利了結指標急劇上升，價格調整的可能性就更大，」他們在推特上寫道。

Nevertheless, Bitcoin’s overall outlook remains positive. Charles Edwards, founder of Capriole Fund and CEO, predicted that Bitcoin would have a parabolic run after surpassing $100,000. Experts from Bernstein also foresaw Bitcoin reaching $200,000 by 2025, driven by increasing institutional interest.

儘管如此，比特幣的整體前景仍然樂觀。 Capriole基金創辦人兼執行長查爾斯愛德華茲（Charles Edwards）預測，比特幣在突破10萬美元後將呈現拋物線走勢。 Bernstein 的專家也預計，在機構興趣增加的推動下，到 2025 年，比特幣將達到 20 萬美元。

Meanwhile, CryptoQuant’s CEO, Ki Yoon Joo, suggested a more conservative price target of $141,000 in this market cycle, tweeting on Sunday that the “Bitcoin market seems too early to call a bubble.”

與此同時，CryptoQuant 的首席執行官 Ki Yoon Joo 建議在這個市場週期中將目標價格定為 141,000 美元，並在周日發推文稱“比特幣市場似乎還為時過早。”

At press time, BTC was trading at $96,096, reflecting a modest drop of 2.55% over the past 24 hours.

截至發稿時，BTC 交易價格為 96,096 美元，過去 24 小時內小幅下跌 2.55%。