比特幣[BTC]交易量下降到2023個低點，引起了人們對市場實力的擔憂

自2023年初以來，比特幣的[BTC]交易量已降至未見水平，這引起了人們對市場實力的擔憂。

Bitcoin's [BTC] transaction volume has dropped to levels last seen in early 2023, sparking concerns about the market's strength.

比特幣的[BTC]交易量已降至2023年初的最後水平，引發了人們對市場實力的擔憂。

At its peak in mid-2024, Bitcoin saw over 700K daily transactions, a stark contrast to the current levels, which have fallen below 400K.

在2024年中期的高峰期，比特幣每天超過70萬筆交易，與當前水平的形成鮮明對比，與目前的水平相比，該水平降至40萬以下。

This reduction in transaction activity could be crucial, as BTC faces strong resistance near the $86,000 mark.

交易活動的減少可能至關重要，因為BTC面臨著$ 86,000的強大阻力。

Could this spell the beginning of a bearish trend, or is the market simply preparing for another move with a period of consolidation?

這可以拼寫出看跌趨勢的開始，還是市場只是為一段合併時期的另一個舉動做準備？

Transaction activity drops sharply

交易活動急劇下降

Recent data from Glassnode reveals a significant decline in BTC's transaction volume.

GlassNode的最新數據顯示，BTC的交易量顯著下降。

At its peak, during the second quarter of 2024, Bitcoin saw over 700K daily transactions. However, in recent times, the transaction volume has fallen below 400K.

在2024年第二季度的高峰期，比特幣每天超過70萬。但是，最近，交易量降至400K以下。

For perspective, a drop in transaction volume is often observed during periods of price stagnation or corrections.

從角度來看，經常在價格停滯期或更正期間觀察到交易量的下降。

This reduction in transactions suggests that there is less activity on the network, which could indicate reduced market participation.

交易的減少表明，網絡的活動較少，這可能表明市場參與減少。

If this trend continues, Bitcoin may face difficulties in maintaining its current price levels, as a lack of demand could weaken support zones.

如果這種趨勢持續下去，則比特幣可能會在保持目前的價格水平方面面臨困難，因為缺乏需求可能會削弱支持區。

Open Interest and volume confirm traders pulling back

開放興趣和數量確認交易者退縮

A broader analysis of market indicators reveals further bearish signals.

對市場指標的更廣泛分析揭示了進一步的看跌信號。

According to CryptoQuant, Bitcoin's Open Interest (OI) has also declined notably, indicating that traders are pulling back from their leveraged positions.

根據隱式量，比特幣的開放興趣（OI）也有所下降，這表明交易者正在從其槓桿頭寸中退縮。

Across exchanges, the total OI stands at $86.2 billion, down from highs above $100 billion earlier this year.

在整個交流中，OI的總額為862億美元，低於今年早些時候高於1000億美元的高價。

Although the OI has increased notably in the last few days, the comparison suggests that traders are becoming less engaged with leveraged trades at present.

儘管OI在過去幾天中顯著增加，但比較表明，交易者目前與槓桿交易的參與度降低了。

This trend could lead to lower volatility and a diminished speculative buying appetite.

這種趨勢可能導致降低的波動性和投機性購買食慾減少。

Meanwhile, as tracked by Santiment, Bitcoin's trading volume has also seen a notable drop. BTC volume recently touched 36.31 billion, a sharp decline from its February highs.

同時，正如Santiment所追踪的那樣，比特幣的交易量也顯著下降。 BTC量最近觸及了363.1億，比2月的高點急劇下降。

The lower volume confirms that fewer traders are actively engaging with BTC at its current price, making it more likely that a downside move will occur if buyers fail to step in.

較低的銷量證實，較少的交易者以目前的價格積極與BTC互動，因此如果買家未能介入，則更有可能發生下行行動。

Key levels to watch

觀看的關鍵水平

At the time of writing, Bitcoin was trading at around $85,856, having encountered resistance at $86,877. The 50-day Moving Average was at $85,873, acting as a crucial pivot point. Failure to stay above this level could send BTC back toward support at $80,000.

在寫作時，比特幣的交易價格約為85,856美元，遇到了86,877美元的阻力。 50天的移動平均值為85,873美元，充當至關重要的樞軸點。如果不保持這一水平，則可能使BTC回到80,000美元的支持。

Conversely, if BTC manages to break past $87,500, it could challenge the $90,000 level, which remains a psychological barrier.

相反，如果BTC設法超過87,500美元，它可能會挑戰90,000美元的水平，這仍然是一個心理障礙。

While a price breakdown is not yet confirmed, traders should closely monitor transaction volume and OI for signs of further deterioration.

儘管尚未確認價格分解，但交易者應密切監視交易量和OI，以進一步惡化。

Bitcoin could enter a prolonged consolidation phase or even a bearish correction in the coming weeks if network activity fails to recover.

如果網絡活動未能恢復，則比特幣可以進入延長的合併階段，甚至可以在接下來的幾週內進行看跌。