比特幣需求下降，因為投資者擔心更正

自2月初以來，比特幣一直面臨著巨大的波動和銷售壓力，使漣漪穿越了更廣泛的加密貨幣市場。

Bitcoin demand has been slowing since early December, which aligns with the diminishing momentum in BTC’s gains, according to CryptoQuant’s Head of Research Julio Moreno.

自12月初以來，比特幣需求一直在放緩，這與BTC收益的勢頭減少相符。

Moreno shared insights on the relationship between Bitcoin’s price return and demand growth, highlighting that the two are closely linked. He explained that as demand increases, so does the cryptocurrency’s price return.

莫雷諾（Moreno）分享了對比特幣價格回報與需求增長之間關係的見解，強調了兩者緊密相關。他解釋說，隨著需求的增加，加密貨幣的價格也會回報。

This observation sheds light on the current state of the market, where declining speculative appetite and weakening leveraged positions are contributing to choppy price action. As Bitcoin hovers below the $100K mark, both bulls and bears are locked in a battle for control, with demand growth serving as a pivotal factor in determining the cryptocurrency’s trajectory.

該觀察結果闡明了市場的當前狀態，在這種情況下，投機性的食慾下降和槓杆位置削弱了促進價格上漲的價格行動。隨著比特幣徘徊在$ 10萬美元的標記下，公牛和熊都陷入了控制之戰，需求增長是確定加密貨幣軌蹟的關鍵因素。

Bitcoin Demand Declines As Investors Fear A Correction

比特幣需求下降，因為投資者擔心更正

Bitcoin has faced significant volatility and selling pressure since the start of February, sending ripples through the broader crypto market. Altcoins and meme coins, often more vulnerable during bearish trends, have experienced even sharper price drops, amplifying uncertainty among investors.

自2月初以來，比特幣一直面臨著巨大的波動和銷售壓力，使漣漪穿越了更廣泛的加密貨幣市場。在看跌趨勢期間，AltCoins和Meme Coins通常更容易受到傷害，甚至會經歷更尖銳的價格下跌，並擴大了投資者的不確定性。

Analysts are increasingly signaling a potential correction, citing tired bulls and bearish price action that hints at further declines.

分析師越來越多地表明了潛在的糾正，理由是疲倦的公牛和看跌的價格行動暗示進一步下降。

Moreno provided key insights on the relationship between Bitcoin’s price performance and demand growth, highlighting that the two are closely linked. He explained that as demand increases, so does the cryptocurrency’s price return.

莫雷諾（Moreno）提供了有關比特幣價格績效與需求增長之間關係的關鍵見解，強調了兩者密切相關。他解釋說，隨著需求的增加，加密貨幣的價格也會回報。

“Bitcoin price return follows the trajectory of demand growth. Since early December, demand growth has been slowing down, which aligns with the diminishing momentum in BTC’s gains. Keep an eye on demand growth to time the next Bitcoin rally,” said Moreno.

“比特幣價格回報遵循需求增長的軌跡。自12月初以來，需求增長一直在放緩，這與BTC增長的勢頭減少相符。在下一個比特幣集會上，請注意需求增長。”莫雷諾說。

Currently, Bitcoin’s price is hovering around $96K as bulls struggle to reclaim and hold the psychological $100K mark. This level is not only a critical point of resistance but also a major factor in determining short-term market sentiment.

目前，隨著公牛隊努力收回和持有心理$ 10萬美元的商標，比特幣的價格徘徊在96萬美元左右。該水平不僅是抵抗的關鍵點，而且是確定短期市場情緒的主要因素。

Without a breakout above $100K, BTC remains vulnerable to additional selling pressure and a potential drop to lower demand zones. However, reclaiming this level and holding it as support would signal a shift in momentum, paving the way for a potential rally.

如果沒有超過$ 10萬美元的突破，BTC仍然容易受到額外的銷售壓力和潛在的下降，以減少需求區域。但是，收回該水平並將其作為支持將表示動量的轉變，為潛在的集會鋪平道路。

BTC Price Showing Indecision

BTC價格顯示猶豫不決

Bitcoin is currently trading at $96,700 after several days of sideways price action between $100,000 and $95,600. The market appears stuck in a range, with no clear short-term direction as both bulls and bears struggle for control.

經過幾天的側向價格行動，比特幣目前的交易價格為96,700美元，價格在100,000美元至95,600美元之間。市場似乎陷入困境，由於公牛和熊爭取控制，因此沒有明顯的短期方向。

Bulls lost their grip on momentum after the price fell below the crucial $100K level last Tuesday, and they have been unable to reclaim it since.

在上週二的價格低於至關重要的10萬美元水平之後，公牛在勢頭方面失去了勢頭，此後他們一直無法收回。

The lack of upward movement has raised concerns among investors, as Bitcoin’s inability to break above $100K could signal growing weakness in the market. Meanwhile, bears have been applying consistent pressure, but they have yet to force the price below the critical $95K support level.

由於比特幣無法破產超過$ 10.K，因此缺乏向上的行動引起了投資者的關注，這表明市場上的疲軟越來越大。同時，熊一直在施加一致的壓力，但它們尚未迫使價格低於至關重要的95,000美元的支持水平。

If Bitcoin drops below $95K in the coming days, a further decline into the $90K demand zone is likely. This would mark a significant bearish move and could lead to increased selling pressure as investors grow wary of a deeper correction.

如果比特幣在未來幾天下降到95,000美元以下，則可能會進一步下降到$ 90K需求區。這將標誌著看跌的重大舉動，並可能導致銷售壓力增加，因為投資者對更深層的更正保持警惕。

However, if BTC can maintain its position above $95K, there is still potential for bulls to regain strength and push the price back toward the $100K mark. For now, the market remains uncertain, and traders are closely monitoring these key levels for signs of the next major move.

但是，如果BTC可以將其位置保持在$ 95K以上，那麼公牛仍然有可能恢復實力並將價格恢復到10萬美元的成績。目前，市場仍然尚不確定，交易者正在密切監視這些關鍵水平，以確保下一個重大行動的跡象。