比特幣交易所儲備開始再次攀升，預示著潛在的價格變化

比特幣交易儲備再次開始攀升，淨流量數週來首次轉為正值。這些變化可能意味著比特幣價格的巨大變化。

Bitcoin exchange reserves rose over the past week, indicating a shift in investor sentiment. After hitting an all-time high of $108,000, Bitcoin’s price has been volatile, currently trading at $94,507 with a 2.14% decrease in the last 24 hours.

比特幣交易儲備在過去一周有所增加，顯示投資者情緒發生了變化。在觸及 108,000 美元的歷史高點後，比特幣的價格一直波動較大，目前交易價格為 94,507 美元，過去 24 小時內下跌了 2.14%。

Reserves Hit New Highs, Netflows Turn Positive

儲備創新高，淨流量轉正

Data from Cryptoquant shows a significant rise in Bitcoin exchange reserves. After weeks of dropping as investors moved BTC off exchanges for safety, reserves saw a major change with 20,000 BTC flowing into exchanges. This marks a stark contrast to the previous trend.

Cryptoquant 的數據顯示，比特幣交易儲備大幅增加。由於投資者出於安全考慮將比特幣從交易所轉移出去，比特幣儲備經歷了數週的下降，之後儲備出現了重大變化，有 20,000 比特幣流入交易所。這與之前的趨勢形成鮮明對比。

As Bitcoin moves to exchanges, it usually indicates investors’ intent to sell or trade, adding selling pressure to the market. Simultaneously, netflows turned positive, indicating more BTC entering exchanges than leaving, highlighting the potential for price movements.

當比特幣轉移到交易所時，它通常表明投資者有出售或交易的意圖，從而增加了市場的拋售壓力。同時，淨流量轉為正數，顯示進入交易所的比特幣數量多於離開交易所的數量，凸顯了價格波動的潛力。

Rising Reserves, Selling Pressure in Sight

儲備增加，拋壓迫在眉睫

The increase in exchange reserves and positive netflows suggest that more investors are preparing to sell or trade Bitcoin. This could lead to short-term price drops. Data reveals large investors are also sending more BTC to exchanges, as the netflow ratio for large holders shifted from -0.04% to 0.26%, indicating increased activity, often seen before selling.

外匯儲備的增加和正淨流量表明更多的投資者正準備出售或交易比特幣。這可能會導致短期價格下跌。數據顯示，大投資者也在向交易所發送更多比特幣，大持有者的淨流量比率從-0.04%轉變為0.26%，這表明交易活動增加，這通常出現在拋售之前。

Furthermore, BTC's NVT ratio surged to 201.88, a level that signals a very high market cap compared to transaction volume. Historically, such spikes have occurred before price corrections.

此外，BTC 的 NVT 比率飆升至 201.88，這一水平表明與交易量相比，其市值非常高。從歷史上看，這種飆升發生在價格調整之前。

Possible Scenarios for Bitcoin

比特幣的可能場景

If selling pressure continues to mount, BTC might experience a drop to $92,700. Failure to hold this level could lead to a further decline towards $86,000.

如果拋售壓力繼續增加，比特幣可能會跌至 92,700 美元。如果未能守住這一水平，可能會導致進一步跌向 86,000 美元。

On the other hand, if market sentiment improves, BTC could recover and maintain stability, potentially rising to $98,000 or higher, depending on market conditions and broader macroeconomic factors.

另一方面，如果市場情緒改善，BTC 可能會恢復並保持穩定，有可能升至 98,000 美元或更高，具體取決於市場狀況和更廣泛的宏觀經濟因素。

The VR Soldiers’ Perspective

VR士兵的視角

As the VR Soldiers, we believe the current rise in exchange reserves and netflows indicates a potential buildup of selling pressure for BTC. This aligns with the observed market behavior, suggesting a shift towards selling activity.

作為 VR 士兵，我們認為當前外匯儲備和淨流量的增加表明 BTC 的拋售壓力可能正在增加。這與觀察到的市場行為一致，顯示轉向銷售活動。

In light of this, investors are advised to monitor these metrics closely and proceed with caution. While BTC remains a strong long-term asset, the short-term outlook may present more volatility and uncertainty.

有鑑於此，建議投資者密切注意這些指標並謹慎行事。儘管比特幣仍然是一種強勁的長期資產，但短期前景可能會帶來更多的波動性和不確定性。

It's crucial to stay informed about the latest data and market movements, and to exercise caution when making investment decisions. Remember, this is not financial advice.

隨時了解最新數據和市場趨勢，並在做出投資決策時保持謹慎至關重要。請記住，這不是財務建議。