比特幣進入關鍵階段，因為市場等待下一步行動

比特幣處於關鍵時刻，鞏固了其歷史最高（ATH）的範圍，並顯示出準備突破價格發現的跡象。

Bitcoin price dropped sharply on Monday, dipping below the crucial $100,000 level before recovering to trade above $102,000 on Tuesday morning. This dramatic price movement has sparked contrasting predictions among analysts, with some expecting a surge above the all-time high (ATH) and others anticipating a continued decline.

比特幣的價格在周一急劇下降，低於至關重要的100,000美元，然後在周二早上恢復到超過102,000美元的交易。這種戲劇性的價格運動引發了分析師之間的對比預測，有些人期望高於歷史高（ATH）的激增，而另一些人則預計會繼續下降。

However, a closer examination of key market metrics reveals valuable insights into the prevailing market sentiment and the potential direction of Bitcoin's upcoming move.

但是，對關鍵市場指標的仔細研究揭示了對當前市場情緒的寶貴見解以及比特幣即將舉行的舉動的潛在方向。

Bitcoin's Drop To $98K Pushes Supply In Loss to 2 Million BTC

比特幣跌至98,000美元，將供應量推到200萬BTC

CryptoQuant analyst Axel Adler has shared important data regarding Bitcoin's recent price movements. According to Adler's analysis, Bitcoin’s drop to $98K temporarily pushed Supply in Loss to 2 million BTC, reflecting heightened investor concerns during this dip.

CryptoQuant分析師Axel Adler共享了有關比特幣最近價格變動的重要數據。根據Adler的分析，比特幣的降至9.8K美元暫時將供應的損失推向了200萬BTC，這反映了此次下降期間投資者的擔憂加劇。

This metric, which measures the total Bitcoin supply that was purchased at a higher price than the current market value, provides insight into the虧損程度of investors at different price points. Higher Supply in Loss indicates a collective concern among investors over the potential for further losses.

該指標衡量以高於當前市場價值購買的總比特幣供應，以不同的價格洞悉投資者的見解。損失較高表明投資者對進一步損失的潛力集體關注。

However, this metric has shown a drastic improvement, with Supply in Loss now at 738K BTC, which is close to the quarterly average and suggests a return to more typical market conditions. This shift aligns with a stabilization in Bitcoin's price after the recent volatility.

但是，該度量標準顯示出急劇改善，現在損失的供應量為738K BTC，該損失接近季度平均水平，並暗示返回更典型的市場狀況。這種轉變與最近波動率後比特幣的價格穩定相一致。

This reduction in虧損suggest that Bitcoin may be preparing for another rally. If bulls can drive the price past key resistance levels, Bitcoin could enter a strong bullish phase with uncharted price territory ahead.

減少的虧損表明比特幣可能正在為另一個集會做準備。如果公牛可以推動價格超過關鍵阻力水平的價格，那麼比特幣可能會進入一個強大的看漲階段，而未知的價格領域未來。

Bitcoin Enters A Crucial Phase

比特幣進入關鍵階段

Bitcoin is at a critical juncture, consolidating below its all-time high (ATH) and showing signs of preparing for a breakout into price discovery. However, sentiment remains divided, with some investors anticipating a deeper correction due to ongoing market uncertainty. This tug-of-war between bearish and bullish perspectives has left traders and analysts watching Bitcoin's next move closely.

比特幣處於關鍵時刻，鞏固了其歷史最高（ATH）的範圍，並顯示出準備突破價格發現的跡象。但是，情緒仍然存在分歧，一些投資者預計由於持續的市場不確定性而導致更深層的更正。看跌和看漲觀點之間的拔河比賽使交易員和分析師密切關注比特幣的下一步行動。

Negative sentiment stems from concerns about broader economic factors, including fears of overvalued AI companies and disruptions following the open-source release of DeepSeek's solution. These elements have fueled anxiety, leading some market participants to believe Bitcoin's current position could precede a larger downturn.

負面情緒源於對更廣泛的經濟因素的擔憂，包括對DeepSeek解決方案開放源後對過高的AI公司的擔憂和中斷。這些因素引起了焦慮，導致一些市場參與者相信比特幣目前的位置可能會在較大的衰退之前。

On the other hand, optimism remains among analysts like CryptoQuant's Axel Adler, who has shared data that paints a more positive picture. Adler revealed that Bitcoin’s drop to $98K temporarily pushed Supply in Loss to 2 million BTC, reflecting heightened investor concerns during the dip.

另一方面，像CryptoQuant的Axel Adler這樣的分析師中仍然有樂觀的態度，他共享了繪製更積極畫面的數據。阿德勒（Adler）透露，比特幣降至98,000美元，暫時將供應量推向了200萬BTC，這反映了投資者在下跌過程中的提高。

However, this metric has since improved significantly, with Supply in Loss now sitting at 738K BTC. This aligns with the quarterly average, indicating a return to more typical market conditions and suggesting stabilization.

但是，此指標從那以後大大提高，損失的供應現在為738K BTC。這與季度平均水平保持一致，這表明恢復了更典型的市場狀況並提示穩定。

This reduction in虧損suggest that Bitcoin may be preparing for another rally. If bulls manage to push the price above key resistance levels, Bitcoin could move into a strong bullish phase, entering uncharted price territory. For now, the market remains in anticipation.

減少的虧損表明比特幣可能正在為另一個集會做準備。如果公牛設法將價格提高到關鍵阻力水平以上，那麼比特幣可能會進入強大的看漲階段，進入未知的價格領域。就目前而言，市場仍在期待。

BTC Price Analysis: Holding Strong Above $100K

BTC價格分析：持有強勁的超過$ 10萬美元

Bitcoin is trading at $102,600 after successfully securing strong support above the crucial $100,000 level. This psychological barrier has proven to be a key demand zone, providing bulls with an opportunity to regain control of the market. However, momentum remains in a fragile state as traders await confirmation of a sustained upward trend.

在成功獲得超過至關重要的100,000美元水平的大力支持之後，比特幣的交易價格為102,600美元。這一心理障礙已被證明是一個關鍵需求區，為公牛提供了重新控制市場的機會。但是，隨著貿易商在等待持續的上升趨勢確認，勢頭仍然處於脆弱狀態。

For Bitcoin to maintain its bullish structure, it is essential for the price to hold above the $100K mark in the coming sessions. A decisive push above the $105,000 resistance level with strength would signal renewed bullish momentum, setting the stage for a massive rally. Breaking through this zone could attract significant investor interest, driving the price into uncharted territory and reinforcing Bitcoin’s bullish narrative.

為了使比特幣保持其看漲結構，在即將到來的會議上，價格必須超過$ 100K的價格。果斷的推動力超過了105,000美元的電阻水平，其強度將表明新的看漲勢頭，為大規模集會奠定了基礎。突破這個區域可能會引起重大的投資者興趣，將價格推向未知領域，並加強比特幣的看漲敘事。

On the downside, the stakes are high. A failure to hold the $100,000 level could trigger a deeper consolidation phase, potentially testing lower support levels and dampening short-term sentiment. This would likely result in increased volatility and hesitation among market participants.

不利的一面是賭注很高。未能保持$ 100,000的水平可能會引發更深層次的整合階段，潛在地測試較低的支持水平並抑制短期情緒。這可能會導致市場參與者的波動和猶豫。

For now, Bitcoin remains in a pivotal position, with both opportunities and risks on the horizon. Bulls need to act decisively to reclaim higher ground and push the price toward new highs, ensuring optimism prevails in the broader market narrative.

就目前而言，比特幣仍然處於關鍵位置，並具有機會和風險。公牛需要果斷地採取行動來恢復更高的立場，並將價格推向新的高點，以確保在更廣泛的市場敘事中佔上風。