儘管市場興趣更廣泛，但比特幣（BTC）價格仍然存在

儘管市場興趣廣泛，但比特幣仍在懸停在84,000美元的左右，向上勢頭有限。

Bitcoin (BTC) price has shown limited upward momentum despite broader market interest, remaining above the $84,000 level. At the time of writing, the asset is trading at $84,596, showing a 0.1% decrease in the last 24 hours. This places BTC approximately 22% below its all-time high (ATH) of over $109,000, which was reached earlier this year.

儘管市場興趣廣泛，但比特幣（BTC）的價格表現出有限的向上勢頭，但仍高於84,000美元的水平。在撰寫本文時，資產的交易價格為84,596美元，在過去24小時內下降了0.1％。這使BTC比今年早些時候達到的109,000美元以上的歷史高（ATH）低約22％。

The price action comes after a recovery from earlier lows, but it seems that investors remain hesitant as macroeconomic uncertainties persist. One of the emerging observations come from CryptoQuant analyst Crypto Dan, who compared Bitcoin’s current behavior to past correction cycles.

價格行動是在從較早的低點中恢復過來之後進行的，但是隨著宏觀經濟不確定性持續存在，投資者似乎仍然猶豫。新興的觀察結果之一來自加密分析師Crypto Dan，後者將比特幣的當前行為與過去的校正週期進行了比較。

Speculation Eases, Setting the Stage for Potential Recovery

猜測緩解了潛在恢復的階段

In Dan’s recent QuickTake post titled "Cryptocurrency Market, Similar to the 2024 Correction Period," he assessed the speculative dynamics of the market through the lens of short-term holder activity. His analysis suggests that the recent cooling-off period might mirror patterns observed during last year’s correction phase.

在Dan最近發表的《 Crightake》帖子中，標題為“加密貨幣市場，類似於2024年的更正期”，他通過短期持有人活動的角度評估了市場的投機性動態。他的分析表明，最近的冷卻期可能反映在去年校正階段觀察到的模式。

According to Dan, one reliable gauge of market overheating is the percentage of Bitcoin supply held for one week to one month. When this metric rises, it often signals speculative enthusiasm, which can precede corrections.

根據丹的說法，一個可靠的市場過熱是一個星期至一個月的比特幣供應百分比。當該指標上升時，它通常會信號投機性熱情，這可以在校正之前進行。

During previous bullish phases, such increases in short-term holdings were followed by pullbacks, marking peaks in investor exuberance.

在以前的看漲階段，短期持有的這種增加之後是回調，標誌著投資者旺盛的高峰。

In the current cycle, Dan notes that this metric has once again reached a region previously associated with market bottoms—the same yellow box (on the chart shared) that aligned with the 2024 correction low.

在當前週期中，DAN指出，該指標再次達到了與市場底部相關的區域 - 與2024校正低相位的相同黃色框（在圖表上共享）。

With this in mind, he posits that speculative excesses have largely subsided, setting the stage for renewed price growth if macroeconomic conditions continue to improve. However, he also emphasized that further consolidation may still occur before a broader trend shift materializes.

考慮到這一點，他認為投機性過剩已在很大程度上消退，如果宏觀經濟狀況繼續改善，為新的價格增長奠定了基礎。但是，他還強調，在更廣泛的趨勢轉變實現之前，可能仍會發生進一步的整合。

"Given that this ratio has now reached the yellow-box region, which was the bottom of the 2024 correction period, it seems likely that the current market will follow a similar path as the 2024 correction." - By @DanCoinInvestorhttps://t.co/3Z0yP9X99v#crypto #cryptocurrency #bitcoin #btc #quant #cryptoquant pic.twitter.com.modules/universal/ui/email_icon.webpongo en un correo electrónico

“鑑於該比率現在已經達到了2024年校正期的底部的黃色框區域，因此目前的市場似乎遵循與2024年校正相似的途徑。” - By @DanCoinInvestorhttps://t.co/3Z0yP9X99v#crypto #cryptocurrency #bitcoin #btc #quant #cryptoquant pic.twitter.com.modules/universal/ui/email_icon.webpongo en un correo electrónico

— CryptoQuant (@cryptoquant_com) April 18, 2025

- 2025年4月18日

Complementing this analysis, CryptoQuant contributor Mignolet observed a notable shift in coin movement behavior. In a separate post, he pointed out that around 170,000 BTC recently moved from the 3–6 month holding cohort.

在補充這一分析的情況下，加密貢獻者Mignolet觀察到了硬幣運動行為的顯著轉變。他在另一篇文章中指出，最近大約有170,000 BTC從3-6個月的Holding Cohort移居。

This group typically includes mid-term holders, and substantial activity from them has historically been associated with increased price volatility.

該小組通常包括中期持有人，並且從歷史上看，他們的大量活動與價格上漲有關。

Mignolet illustrated his findings with data, noting that such movements have often signaled major price action, both upward and downward. Green box indicators on his chart marked rallies, while red boxes highlighted periods of decline.

Mignolet用數據說明了他的發現，並指出這種運動通常表明了主要價格行動，無論是向上還是向下。他的圖表上的綠色框指示標誌著集會，而紅色框則突出了下降時期。

While the direction remains uncertain, he highlighted that the increased activity is an early warning sign that traders should be alert for a breakout or breakdown in the near future.

儘管該方向仍然不確定，但他強調說，增加活動是一個預警信號，即交易者應在不久的將來警惕分解或崩潰。