分析師說，比特幣（BTC）價格合併可能是市場下降的前身。

在過去的幾周中，比特幣在84,000美元至86,000美元之間的交易中取得了顯著的合併。儘管價格最初漲幅，但在過去一周中，加密貨幣在3.7％下降了3.7％，在過去一個月中卻近10％，這表明其上升勢頭停滯時期。

Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels.

在過去的幾周中，比特幣在84,000美元至86,000美元之間的交易中取得了顯著的合併。

Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum.

儘管價格最初漲幅，但在過去一周中，加密貨幣在3.7％下降了3.7％，在過去一個月中卻近10％，這表明其上升勢頭停滯時期。

At the time of writing, Bitcoin is priced at $84,263, raising questions about the future trajectory of the asset as investors await a clear direction.

在撰寫本文時，比特幣的價格為84,263美元，提出了有關投資者在等待明確方向的資產未來軌蹟的疑問。

The Dead Cross: A Signal for a Potential Price Drop?

死十字架：潛在價格下降的信號？

BilalHuseynov, a contributor to CryptoQuant’s QuickTake Platform, has offered valuable insights into Bitcoin’s current market behavior. In his latest post, titled “Will Bitcoin Drop Anymore?”, he sheds light on key on-chain metrics that may help predict the next movement in Bitcoin’s price.

CryptoQuant QuickTake平台的貢獻者Bilalhuseynov為比特幣當前的市場行為提供了寶貴的見解。在他的最新帖子中，他的標題為“比特幣掉落了？”，他闡明了關鍵的鍊鍊指標，這些指標可能有助於預測比特幣價格的下一個運動。

His analysis revolves around the behavior of two important metrics: Realized Cap and Thermo Cap, particularly focusing on their recent crossover, which could have significant implications for Bitcoin’s price direction.

他的分析圍繞了兩個重要指標的行為：實現的上限和熱帽，尤其是關注他們最近的跨界車，這可能對比特幣的價格方向產生重大影響。

Huseynov explains that the Realized Cap metric, which tracks Bitcoin’s total value based on its last movement price, gives a more accurate representation of the network’s economic value.

Huseynov解釋說，已實現的CAP指標，該指標根據其上次移動價格跟踪比特幣的總價值，可以更準確地表示網絡的經濟價值。

On the other hand, Thermo Cap measures the total capital introduced into the BTC network through mining. When Thermo Cap crosses below Realized Cap — known as a “Dead Cross” — it signals that Bitcoin might be heading toward a price decline.

另一方面，Thermo Cap通過採礦來測量引入BTC網絡的總資本。當Thermo Cap越過所實現的上限（稱為“死十字”）時，它表明比特幣可能正朝著價格下降趨勢。

Huseynov predicts that BTC’s price could drop to as low as $75,000 if the second Dead Cross materializes.

Huseynov預測，如果第二次Dead Cross實現，BTC的價格可能會降至75,000美元。

Is The Bitcoin Market Condition Still Healthy?

比特幣市場狀況仍然健康嗎？

In addition to Huseynov analysis, another CryptoQuant’s analyst Banker has provided insight into the Coin Days Destroyed (CDD) metric, which tracks the movement of long-dormant BTC.

除了Huseynov分析外，另一位加密的分析師銀行家還提供了對破壞硬幣日（CDD）度量的洞察力，該日期跟踪了長期休眠BTC的運動。

Since March 2025, the CDD 60-day moving average has remained low, indicating that long-term holders are not selling their Bitcoin in large quantities. This behavior is often a sign of confidence among seasoned investors, suggesting that they believe in Bitcoin’s long-term potential.

自2025年3月以來，CDD 60天移動平均線一直保持較低，這表明長期持有人沒有大量出售其比特幣。這種行為通常是經驗豐富的投資者中信心的跡象，表明他們相信比特幣的長期潛力。

The absence of major CDD spikes indicates that the market is not experiencing extreme price volatility, which could signal a period of consolidation or eventual upward momentum as selling pressure remains low.

缺乏主要的CDD尖峰表明市場沒有經歷極端價格波動，這可能標誌著一段時間的合併或最終向上勢頭，因為銷售壓力仍然很低。

This development also coincides with recent reports of short-term holders exhibiting less selling pressure after their initial move of taking profits.

這一發展還與最近的報導有關短期持有人的最初獲利行動後表現出較小的銷售壓力。