隨著貿易商意識到$ 5B的利潤，比特幣（BTC）市場升溫，但不確定性隱約可見

由於比特幣[BTC]交易員在一天內慶祝了50億美元的實現利潤，因此加密貨幣市場最近被電氣化。

Bitcoin [BTC] traders celebrated a remarkable $5 billion in realized profits in a single day, highlighting an increased pace in the cryptocurrency market, driven by renewed investor confidence.

比特幣[BTC]貿易商在一天中慶祝了50億美元的實現利潤，這在重新投資者信心的推動下，強調了加密貨幣市場的提高。

Nearly $5 billion in #Bitcoin $BTC profits were realized yesterday!

昨天實現了近50億美元的#bitcoin $ BTC利潤！

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However, behind great profits often stands the ghost of uncertainty. These have been massive sell-offs, which, historically, have most often ended in increased market volatility or potential price pullbacks. In this trend, at the time of writing, Bitcoin is changing hands at $105,148, with a 24-hour trading volume of $27.21B, a Market cap of $2.08 T, and a Market dominance of 56.91%. The BTC price is up 0.42% in the last 24 hours.

但是，在巨大的利潤後面，通常是不確定性的幽靈。這些都是大量的拋售，從歷史上看，這最常以增加的市場波動或潛在價格下跌。在這種趨勢中，在撰寫本文時，比特幣以105,148美元的價格易手，交易量為27.21B美元，市值為2.08噸，市場優勢為56.91％。在過去的24小時內，BTC價格上漲了0.42％。

The accumulation of Bitcoin by large investors has been a leading narrative since the U.S. Presidential elections. Their holdings have surged from 16.2 million BTC to 16.4 million BTC, reflecting the growing dominance of institutional players in the market. This huge buildup reinforces the notion of long-term confidence and illustrates the potential of these players to shape Bitcoin’s price trajectory.

自美國總統大選以來，大型投資者的比特幣積累一直是主要敘述。他們的持股量從1620萬BTC飆升至1640萬BTC，這反映了市場上機構參與者的統治地位。這種巨大的積累增強了長期信心的概念，並說明了這些參與者塑造比特幣價格軌蹟的潛力。

On the other side, retail investors are fleeing from the market. Their total holding have decreased from 1.75 million BTC to 1.69 million BTC in the same period. This may indicate a cautious attitude from the smaller investors, probably because of Bitcoin’s recent high volatility. The gap between institutional and retail investors indicates a very clear picture: the former are setting the pace and leading price momentum. At the same time, reduced participation by the latter may curtail further upward pressure.

另一方面，散戶投資者逃離了市場。他們的總股份從同一時期的175萬BTC減少到169萬BTC。這可能表明較小的投資者的態度謹慎，這可能是由於比特幣最近的高波動性。機構和散戶投資者之間的差距表明了一個非常清晰的情況：前者正在設定步伐和領先的價格勢頭。同時，後者減少的參與可能會降低向上壓力。

Large investors are driving Bitcoin price gains since the US election.

自美國大選以來，大型投資者正在推動比特幣價格上漲。

Holdings grew from 16.2M to 16.4M BTC.

持有量從1620萬股增長到1640萬BTC。

Meanwhile, small investors reduced theirs from 1.75M to 1.69M.

同時，小型投資者從17.5萬筆減少到16.9萬。

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Bitcoin Transactions Surge as Trades Double

比特幣交易隨著交易的兩倍而激增

Another key development has been the surge in high-value Bitcoin transactions, with the number of trades above $100,000 more than doubling within a week from 15,620 to 32,320, indicating a wave of heightened market activity. Such a dramatic increase could only mean that either institutional players or high-net-worth individuals are actively trading, further underlining the importance of Bitcoin as a tool for large-scale value transfers.

另一個關鍵的發展是高價值比特幣交易的激增，一周內的交易次數超過100,000美元，比15,620次增加到32,320，這表明市場活動增加了。如此巨大的增長只能意味著機構參與者或高淨值個人正在積極交易，進一步強調了比特幣作為大規模轉移的工具的重要性。

The number of #Bitcoin $BTC transactions over $100,000 has doubled in the past week, rising from 15,620 to 32,320.

#bitcoin $ btc交易的數量超過100,000美元，在過去一周中增加了一倍，從15,620增加到32,320。

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Notably, the 7-day transaction high of 30,320 hints at growing confidence in Bitcoin’s utility beyond speculation. However, whether these metrics reflect sustained long-term optimism or a flurry of short-term speculative trading remains uncertain.

值得注意的是，7天的交易高度為30,320個提示，即對比特幣的實用程序的信心越來越大。但是，這些指標是反映了持續的長期樂觀還是短期投機交易仍然不確定。

Bitcoin’s price is currently consolidating around $104,000, with support established at $92,210 and resistance looming at $106,143. The recent $5 billion profit-taking spree has shifted short-term momentum toward sellers, but market indicators paint a mixed picture.

比特幣的價格目前為104,000美元左右，支持為92,210美元，阻力迫在眉睫，為106,143美元。最近的50億美元的利潤狂潮已將短期勢頭轉移到了賣方上，但市場指標的幅度不佳。

The Relative Strength Index (RSI), currently at 60.82, suggests neutral momentum, leaving room for both bullish and bearish scenarios. BTC’s repeated failure to break above the $106,000 resistance level highlights a need for stronger catalysts to maintain upward momentum. This resistance has become a psychological and technical barrier that Bitcoin must overcome to continue its rally.

目前為60.82的相對強度指數（RSI）表明中性動力，為看漲和看跌的情況留下了空間。 BTC反复未能超過106,000美元的電阻水平，這突顯了更強的催化劑維持向上動力的需求。這種抵抗已成為比特幣必須克服的心理和技術障礙才能繼續進行集會。

The participation ratio is yet another vital indication of market activities and sheds more light on the Bitcoin trend. While the positive participation ratios are reflective of the entry by new participants that drives the liquidation and momentum, the negative ratios reflect exits by players that may finally make a shift toward resistance.

參與率是市場活動的另一個至關重要的跡象，並為比特幣趨勢提供了更多的啟示。儘管積極的參與率反映了推動清算和動力的新參與者的進入，但負比率反映了球員的退出，這些球員可能最終向抵抗轉移。

Understand these metrics, which are essential to identify some key support and resistance levels, especially the $104,000-$106,000 range. This zone could determine Bitcoin’s near-term future, acting as either a springboard for further gains or a ceiling that stalls momentum.

了解這些指標，這對於確定一些關鍵支持和阻力水平至關重要，尤其是104,000美元至106,000美元的範圍。該區域可以決定比特幣的近期未來，它是進一步增長的跳板，或者是停滯勢頭的天花板。

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