由於阻力區和資金費率異常出現，比特幣 (BTC) 努力奪回 10 萬美元

比特幣 [BTC] 的價格在幾天前​​從該水平回落後，一直在努力將其價格推至 10 萬美元以上。雖然這種回調令許多人感到意外，但最新的鏈上數據揭示了背後可能的原因。

Bitcoin [BTC] has been attempting to push its price past the $100k mark after pulling back from the level a few days ago. While this pullback surprised many, the latest on-chain data might shed light on the reason behind it.

比特幣 [BTC] 的價格在幾天前​​回落後一直試圖將其價格推高至 10 萬美元大關。儘管這種回調令許多人感到驚訝，但最新的鏈上數據可能會揭示其背後的原因。

So, does this mean investors will have to wait longer to see the king coin cross that level again?

那麼，這是否意味著投資者將不得不等待更長時間才能看到金幣再次突破該水平？

What’s the hold-up with Bitcoin?

比特幣有什麼阻礙？

After a week-long decline, Bitcoin’s price managed a 3% price hike in the last 24 hours. However, this wasn’t enough to push it past the $100k-level.

經過一週的下跌後，比特幣價格在過去 24 小時內上漲了 3%。然而，這還不足以使其突破 10 萬美元的水平。

Ali Martinez, a popular crypto analyst, shared a tweet highlighting a possible reason behind BTC’s restricted movement. According to the same, the cryptocurrency is facing a brick wall between $97,500 and $99,800, where 924,000 wallets previously purchased over 1.19 million BTC.

受歡迎的加密貨幣分析師阿里馬丁內斯（Ali Martinez）分享了一條推文，強調了 BTC 流動性受限背後的可能原因。根據同一份報告，該加密貨幣面臨著 97,500 美元至 99,800 美元之間的困境，此前有 924,000 個錢包購買了超過 119 萬個 BTC。

Martinez mentioned that if BTC can break above that level, then it won’t be too ambitious to expect the coin to reach a new all-time high. AMBCrypto’s analysis of Coinglass’ data also revealed a similar resistance zone near $99k. This was the case, as a significant amount of BTC will get liquidated at that level.

馬丁內斯提到，如果比特幣能夠突破這個水平，那麼期望比特幣達到新的歷史高點就不會太雄心勃勃。 AMBCrypto 對 Coinglass 數據的分析也顯示了類似的阻力區域，接近 9.9 萬美元。情況就是如此，因為大量比特幣將在該水平上被清算。

Source: Coinglass

來源：Coinglass

In the meantime, Alphractal, a data analytics platform, pointed out an anomaly between BTC’s price and its funding rate. The tweet mentioned that the aggregated funding rate reflects the balance between buyers and sellers in perpetual futures contracts.

同時，數據分析平台Alphractal指出BTC的價格與其資金費率之間存在異常。推文提到，合計資金費率反映了永續期貨合約買家和賣家之間的平衡。

When the funding rate rises substantially, it usually indicates a prevalence of long positions – A sign of market optimism. However, recent trends indicated that Bitcoin began to fall, even though the funding rate remained positive.

當資金費率大幅上升時，通常表示多頭部位盛行——這是市場樂觀的跡象。然而，最近的趨勢表明，儘管資金費率仍然為正，但比特幣開始下跌。

“The price drop, despite the positive Funding Rate, suggests caution. A persistently high Funding Rate may expose the market to liquidations, while stabilization or reversal of the Funding Rate should be monitored to anticipate future moves.”

「儘管資金利率為正，但價格下跌表明了謹慎態度。持續較高的資金費率可能會使市場面臨清算風險，而應監控資金費率的穩定或逆轉，以預測未來的走勢。

Is BTC done consolidating?

BTC 整合結束了嗎？

Now, to see where the king coin may be heading, AMBCrypto checked its critical metrics. The coin’s exchange reserves continued to drop—A sign of rising buying pressure. This finding was further supported by Bitcoin’s buy volume.

現在，為了了解王幣可能走向何方，AMBCrypto 檢查了其關鍵指標。代幣的外匯儲備持續下降——這是購買壓力上升的跡象。比特幣的購買量進一步支持了這項發現。

The metric touched 100 on 19 December. For starters, a value closer to 100 indicates that buying activity is dominant in the market for a particular asset. In this particular case – BTC.

該指標於 12 月 19 日觸及 100。首先，接近 100 的值表示特定資產的購買活動在市場上占主導地位。在這個特殊情況下——比特幣。

Source: Hyblock Capital

來源：Hyblock 資本

The Chaikin Money Flow (CMF), on the other hand, had a different reading. The technical indicator registered a decline, which often signifies a drop in buying pressure.

另一方面，柴金資金流向 (CMF) 則有不同的解讀。技術指標出現下跌，通常意味著購買壓力下降。

If that’s the case, then investors will have to wait a bit longer to see BTC break the $99k resistance and climb above $100k again.

如果是這樣的話，那麼投資者將不得不等待更長的時間才能看到 BTC 突破 9.9 萬美元的阻力位並再次攀升至 10 萬美元以上。