比特幣（BTC）恢復了上漲軌跡，因為價格超過$ 10萬美元，但大持有人的負面情緒仍然存在

在由於更廣泛的市場崩潰而導致波動率提高後，比特幣似乎正在恢復上空軌跡，因為價格繼續超過102,000美元。

Bitcoin price shows signs of regaining an upside trajectory, as prices continue to hold above the $102,000 mark after a period of heightened volatility due to a broader market crash. BTC may be demonstrating the potential for a notable rebound, but negative sentiment persists among large Bitcoin holders.

比特幣的價格顯示了重新獲得上行軌蹟的跡象，因為由於市場崩潰，價格增加了一段時間的波動性，因此價格繼續超過102,000美元。 BTC可能證明了顯著反彈的潛力，但是大型比特幣持有人的負面情緒仍然存在。

Huge Sell-Offs Among 10-100 Bitcoin Holders

在10-100比特幣持有人中的巨大拋售

As Bitcoin moves toward a positive direction again, huge sell-offs are being observed among 10-100 BTC holders. This shift in investors’ sentiment was highlighted by technical expert and author Axel Adler Jr in an X post, sparking concerns about the sustainability of BTC’s price.

隨著比特幣再次向積極的方向發展，在10-100 BTC持有者中觀察到了巨大的拋售。技術專家和作者Axel Adler JR強調了投資者情緒的這種轉變，引發了人們對BTC價格可持續性的擔憂。

According to Jr, the balance of wallets containing 10-100 BTC has been decreasing steadily for nearly 2 years, as indicated by on-chain data. This continued sell-off by this cohort might be viewed as profit-taking or strategic repositioning as BTC builds momentum for an upswing.

根據JR的說法，如鍊數據所示，包含10-100 BTC的錢包的平衡已經穩步下降了近2年。隨著BTC為上升而建立動力，該隊列的這種持續拋售可能被視為獲利或戰略重新定位。

Back in June 2023, the balance of these investors reached a peak of 3.2 million BTC. However, these investors have been cashing out sums ranging from $1 million to $10 million as the volume has decreased significantly by over 600,000 BTC, bringing the balance to 2.6 million BTC. Meanwhile, the average volume for this group of whale investors is 3.15 million BTC.

早在2023年6月，這些投資者的餘額達到了320萬BTC。但是，這些投資者一直在兌現匯率從100萬美元到1000萬美元不等，因為該數量已大大減少了60萬BTC，使餘額達到260萬BTC。同時，這組鯨魚投資者的平均數量為315萬BTC。

Historically, large investors’ behavior tends to influence BTC’s price trajectory and stability. Even though Bitcoin is recovering slightly, a prolonged sell-off by these investors may hinder growing momentum, causing a pullback toward key support levels.

從歷史上看，大型投資者的行為往往會影響BTC的價格軌跡和穩定性。即使比特幣略有恢復，這些投資者的賣空可能會阻礙增長的勢頭，從而導致關鍵支持水平的回調。

During the recent decline caused by a larger market drop, the overall supply of BTC in loss has increased sharply. Axel Adler outlined that Bitcoin’s decline to the $98,000 price level led to a substantial increase in the total BTC supply in loss to about 2 million.

在最近由於較大的市場下降而下降的情況下，BTC損失的總體供應急劇增加。阿克塞爾·阿德勒（Axel Adler）概述了比特幣的下降到98,000美元的價格水平，導致BTC總損失總供應量大幅增加到約200萬。

This surge coincides with investor concerns about the open-source release of DeepSeek’s solution and inflated Artificial Intelligence (AI) firm valuations. With 2 million BTC now trading below their purchase cost, the development may signal heightened selling risks for the asset.

這次激增與投資者對DeepSeek解決方案和膨脹人工智能（AI）企業估值的開放源釋放的擔憂相吻合。現在，由於200萬BTC的交易低於其購買成本，該開發項目可能會提高資產的銷售風險。

However, overall supply in loss has now fallen to 738,000 BTC as prices slowly move upward, which is in line with the quarterly average for this indicator. The drop shows that the market has stabilized and the number has returned to normal.

但是，隨著價格慢慢上升，總體損失供應現已下降到738,000 BTC，這與該指標的季度平均水平一致。下降表明市場已經穩定，數量恢復正常。

BTC’s Price Facing Bearish Pressures

BTC面臨的看跌壓力的價格

Examining BTC’s recent price action, the flagship asset appears to be eyeing a consolidation phase as it hovers between $103,000 and $100,000. This movement is fueled by growing bearish pressure and investors’ waning sentiment, raising the possibility for an extended consolidation phase.

旗艦資產研究了BTC最近的價格行動，似乎正在關注合併階段，因為它徘徊在103,000美元至100,000美元之間。這一運動是由往往的壓力和投資者的衰落情緒推動的，從而增加了擴展鞏固階段的可能性。

As a result of this consolidation and the emerging bearish pressure, Bitcoin is trading slightly above $102,500, indicating a nearly 3% daily decrease. BTC’s drop has sparked selling activity among investors, cited by a decline in its trading volume by over 44% in the past day.

由於這種合併和新興的看跌壓力，比特幣的交易價格略高於102,500美元，表明每天下降了近3％。 BTC的下降引發了投資者的銷售活動，這是由於過去一天的交易量下降了44％以上。