專家預測，比特幣整合預示著即將到來的波動性激增

比特幣 (BTC) 經歷了一段盤整期，一週穩定在 6.9 萬美元至 6.4 萬美元之間。儘管其以波動性著稱，但這種穩定性表明存在潛在的停滯階段。分析師預計，如果 BTC 突破 7 萬美元阻力位，Glassnode 報告供應動態發生變化，就會出現突破。休眠的比特幣正在重新激活，長期持有者（LTH）供應減少，而短期持有者（STH）供應增加。這標誌著從長期持有行為轉向投機行為的轉變，反映了比特幣市場更廣泛的分配和獲利回吐趨勢。

Bitcoin Consolidation Signals Impending Volatility Surge, Expert Analysis Indicates

專家分析表明，比特幣整合預示著波動性即將飆升

Amidst a period of subdued volatility, Bitcoin (BTC) has exhibited a noteworthy consolidation, ranging between $64K and $69K over the past week. While this divergence from its typical high volatility may suggest a stagnation phase, market observers and crypto enthusiasts remain optimistic, anticipating a potential breakout.

在波動性較小的時期，比特幣 (BTC) 出現了值得注意的盤整，過去一週的價格區間在 6.4 萬美元至 6.9 萬美元之間。雖然這種與典型高波動性的背離可能表明進入了停滯階段，但市場觀察者和加密貨幣愛好者仍然保持樂觀，預計可能會出現突破。

Captain Faibik, a prominent figure in the crypto space, believes that Bitcoin is poised for a breakout if it can surpass the $70K resistance level. This outlook aligns with the broader expectation of heightened volatility, which could reshape the current market dynamics.

加密貨幣領域的知名人物 Captain Faibik 認為，如果比特幣能夠突破 7 萬美元的阻力位，它就有望突破。這一前景符合波動性加劇的更廣泛預期，這可能會重塑當前的市場動態。

In-depth analysis from a recent Glassnode report provides further insights into this trend, highlighting a pivotal shift in the Bitcoin supply dynamic. The report reveals the reactivation of dormant Bitcoin supply after a period of remarkable stability, offering key insights into the cryptocurrency's market behavior.

Glassnode 最近的一份報告的深入分析提供了對這一趨勢的進一步見解，突顯了比特幣供應動態的關鍵轉變。該報告揭示了經過一段時期的顯著穩定後，休眠的比特幣供應重新激活，為加密貨幣的市場行為提供了重要見解。

The gap between Long-Term Holder (LTH) supply and Short-Term Holder (STH) supply is narrowing, a phenomenon typically observed during price ascensions when unrealized gains entice LTHs to sell. Since December 2023, LTH supply has significantly decreased by 900,000 BTC from its peak of 14.91 million BTC. Notably, outflows from the GBTC trust account account for approximately one-third of this reduction, equating to roughly 286,000 BTC.

長期持有者 (LTH) 供應和短期持有者 (STH) 供應之間的差距正在縮小，這是在價格上漲期間未實現的收益吸引 LTH 出售時常見的現象。自 2023 年 12 月以來，LTH 供應量已較高峰 1,491 萬 BTC 大幅減少 90 萬 BTC。值得注意的是，GBTC 信託帳戶的流出約佔此次減少的三分之一，相當於約 286,000 BTC。

Concurrently, STH supply has surged by 1.121 million BTC, absorbing the distributed LTH supply and adding an additional 121,000 BTC from secondary market acquisitions through exchanges. This shift from long-term holding to more speculative behavior suggests a changing landscape within the Bitcoin ecosystem.

同時，STH 供應量激增 1,12.1 萬 BTC，吸收了分散式 LTH 供應量，並透過交易所從二級市場收購中額外增加了 12.1 萬 BTC。這種從長期持有到更具投機行為的轉變表明比特幣生態系統內的格局正在改變。

The report's analysis of the ratio between LTH and STH supplies further corroborates this transition, signaling a broader trend towards distribution, profit-taking, and speculation during macro up-trends.

該報告對 LTH 和 STH 供應之間比率的分析進一步證實了這一轉變，表明宏觀上漲趨勢期間出現了更廣泛的分配、獲利回吐和投機趨勢。

"This shift in supply dynamics is a clear indication that the market is transitioning from a long-term accumulation phase to a more speculative phase," said Captain Faibik. "As we approach key resistance levels, we anticipate increased volatility and the potential for a breakout."

「供應動態的這種轉變清楚地表明，市場正在從長期累積階段轉向更具投機性的階段，」費比克船長說。 “當我們接近關鍵阻力位時，我們預計波動性將會增加，並且有可能突破。”

Market participants should closely monitor the situation and be prepared for heightened price fluctuations in the near future. The combination of market consolidation, expert analysis, and on-chain data suggests that a significant turning point may be imminent for Bitcoin.

市場參與者應密切注意事態發展，並為近期價格波動加劇做好準備。市場整合、專家分析和鏈上數據的結合表明，比特幣可能即將迎來一個重大轉折點。