隨著領先的加密貨幣將其頭寸保持在85,000美元以上，比特幣（BTC）的價格恢復繼續

隨著領先的加密貨幣將其位置高於85,00美元的位置，比特幣的價格恢復繼續，在過去的24小時內佔了近4％的收益。

Bitcoin's price resurgence continues as the leading cryptocurrency maintains its position above the $85,000 mark, posting nearly 4% gains in the past 24 hours. This upward momentum comes amid shifting market dynamics, with long-term holders demonstrating remarkable conviction despite recent volatility.

隨著領先的加密貨幣的地位高於85,000美元的位置，比特幣的價格恢復繼續，在過去的24小時內佔了近4％的收益。這種向上的動力是在市場動態轉移的情況下出現的，儘管最近波動性，但長期持有人仍然表現出了非凡的信念。

Bitcoin price analysis: Fed Decision Propels Bitcoin Toward $86,000 as Rate Cut Projections Remain Intact

比特幣價格分析：FED決策將比特幣推向86,000美元，因為降低預測仍然完好無損

Following the Federal Reserve's most recent policy meeting, where the central bank held interest rates within their existing target range of 4.25% to 4.5%, Bitcoin BTC/USD extended its surge toward $86,000. Cutting the monthly redemption cap on Treasury securities from $25 billion to just $5 billion, the Federal Open Market Committee (FOMC) declared intentions to greatly relax its quantitative tightening (QT) policy.

在美聯儲最近舉行的政策會議之後，中央銀行將利率在其現有目標範圍內的4.25％至4.5％的範圍內，比特幣BTC/USD將其增長量擴大到86,000美元。聯邦公開市場委員會（FOMC）宣布，將每月的贖回上限從250億美元降低到僅50億美元，宣布大大放鬆其定量緊縮（QT）政策。

Chair Jerome Powell's statement that the central bank still anticipates two interest rate reduction in 2025 matched market expectations, while the Fed reduced its view for economic growth and underlined continuous concerns about inflation. This posture seems to have calmed down investors in cryptocurrencies, which helps explain Bitcoin's favorable price movement.

主席杰羅姆·鮑威爾（Jerome Powell）的聲明說，中央銀行仍預計2025年的兩次利率降低與市場的預期相匹配，而美聯儲則減少了對經濟增長的看法，並強調了對通貨膨脹的持續關注。這種姿勢似乎使投資者平靜了加密貨幣，這有助於解釋比特幣的價格轉移。

These events also reflected strength in conventional markets; the S&P 500 gained 77 points throughout the session and the Dow Jones Industrial Average added 400 points.

這些事件還反映了傳統市場的力量；標準普爾500指數在整個課程中獲得了77分，道瓊斯工業平均水平增加了400點。

BTC HODLers Signal Strong Conviction Despite Recent Volatility

儘管最近波動率

One unique feature of the present market cycle is the behavior of long-term holders (LTHs), defined as wallets containing Bitcoin for at least 155 days. Research from Glassnode indicates that these investors have kept significant Bitcoin holdings despite the corrective phase in which the currency saw prices drop to a four-month low of $76,600 on March 11.

當前市場週期的一個獨特特徵是長期持有人（LTH）的行為，該行為定義為包含比特幣至少155天的錢包。 GlassNode的研究表明，儘管有糾正階段，這些投資者仍保留了大量的比特幣持有量，即貨幣價格鋸，3月11日的貨幣價格下跌至四個月低點76,600美元。

"Long-Term Holder activity remains generally subdued, with a notable decline in their sell-side pressure," Glassnode said in their March 18 markets report. While the LTH supply has started to recover following several months of fall, the Binary Spending Indicator, which measures when LTHs are spending a notable percentage of their holdings, clearly shows a slowdown.

格拉斯諾德在3月18日的市場報告中說：“長期持有人的活動普遍屈服，其賣方壓力顯著下降。”雖然LTH供應在跌倒幾個月後開始恢復，但二進制支出指標衡量了LTH的支出佔其持股量的顯著百分比，但顯然顯示出放緩的情況。

This trend contrasts with usual bull market peaks, which are sometimes defined by strong sell-side pressure and aggressive profit-taking among long-term investors. This cohort keeps a significant share of their gains despite the recent price pull-down, implying they might expect more price increase later on in the year.

這種趨勢與通常的牛市峰形成對比，這些趨勢有時是由賣方強大的壓力和長期投資者的積極利潤來定義的。儘管最近的價格下跌，但該隊列仍保持了很大的收益，這意味著他們可能會預計今年晚些時候的價格會增加。

Glassnode came to the conclusion, "This interesting observation may indicate a more unique market dynamic moving forward."

GlassNode得出的結論是：“這種有趣的觀察可能表明，更獨特的市場動態發展。”

New Bitcoin Whales Reshape Market Through Aggressive Accumulation

新的比特幣鯨通過積極的積累重塑市場

Another interesting development is seeing new "whale" investors change the scene for Bitcoin. Data from CryptoQuant shows that aggressively accumulating addresses holding at least 1,000 BTC, where each coin has an average acquisition age of less than six months.

另一個有趣的發展是看到新的“鯨魚”投資者改變了比特幣的場景。來自CryptoQuant的數據表明，積極積累至少1,000 BTC的地址，每個硬幣的平均獲取年齡少於六個月。

These new whales have accumulated over a million BTC since November 2024, and their rate of acquisition has accelerated most recently in recent weeks. "Positioning themselves as one of the most influential market participants," CryptoQuant researcher Onchained claims these entities amassed more than 200,000 BTC in a single month.

自2024年11月以來，這些新鯨魚已經積累了超過100萬BTC，最近幾週，它們的收購率加速了。加密研究者on Chared聲稱，將自己定位為最具影響力的市場參與者之一，”這些實體在一個月內積累了超過200,000 BTC。

This continuous inflow of funds speaks to greater involvement among institutional and high-net-worth individuals, which may be offsetting some of the negative signals in the market.

這種持續的資金流入表明，機構和高淨值個人之間的參與更大，這可能會抵消市場上一些負面信號。

Bitcoin's Transaction Activity Hits Concerning Lows

比特幣的交易活動在低點方面打擊

Despite price resiliency, on-chain statistics from IntoTheBlock indicate that Bitcoin's transaction count has dropped to its lowest level since October 2024, hence signifying a concerning slowdown in network activity.

儘管價格具有彈性，但來自Intotheblock的鍊鍊統計表明，比特幣的交易數量已下降到2024年10月以來的最低水平，因此表示網絡活動放緩。

Historically, decreasing transaction volume frequently indicates decreasing investor interest, which would make it difficult for Bitcoin to sustain price increases. Though a similar drop in October 2024 was accompanied by a surge in activity and price appreciation, the present decline in transactions has been more protracted, casting doubt on market momentum.

從歷史上看，交易量的減少經常表明投資者的利息下降，這將使比特幣難以維持價格上漲。儘管2024年10月的類似下降伴隨著活動和價格升值的激增，但目前交易的下降卻更加持久，對市場勢頭產生了懷疑。

BTC Mining Companies Adapt Strategies in Changing Market

BTC礦業公司適應不斷變化的市場

Rather than selling their produced assets immediately, public mining businesses are increasingly employing long-term Bitcoin holding strategies. Prominent data center infrastructure provider Hive Digital has doubled down on this strategy; CFO Darcy Daubaras attests to the company's focus on "retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation."

公共採礦業務並沒有立即出售其生產的資產，而是越來越多地採用長期的比特幣持有策略。著名的數據中心基礎設施提供商Hive Digital在此策略上縮小了一倍。首席財務官達西·多巴拉斯（Darcy Daubaras）證明了該公司的重點“保留其大部分採礦比特幣，以從潛在的價格欣賞中受益”。

This method differs from the industry practice of largely financing operations on debt or equity diluting. In the last quarter of 2024, Hive increased its "hodl" position to 2,805 BTC, so highlighting growing trust among mining operations.

這種方法不同於在很大程度上融資債務或股本稀釋的行業實踐。在2024年的最後一個季度，Hive將其“ HODL”位置提高到了2,805 BTC，因此強調了採礦業務中日益增長的信任。

Many mining businesses are diversifying their business models to navigate the difficulties of unpredictable prices, increasing competition, and higher operating costs. Hive has expanded into artificial intelligence data centers, which pay about $2.00 an hour compared to just $0.12 for crypto mining. Similar pivots have been taken by other major firms including Core Scientific, Hut8, and Bit Digital.

許多采礦業務正在使其業務模式多樣化，以應對不可預測的價格，增加競爭和更高的運營成本的困難。 Hive已擴展到人工智能數據中心，每小時的費用約為2.00美元，而加密礦業開採僅為0.12美元。其他主要公司也採用了類似的樞紐，包括核心科學，HUT8和BIT數字。

After the April

四月之後