比特幣正在為新一輪牛市做好準備嗎？

受疲軟的拋售壓力和最近價格飆升至 7 萬美元以上的提振，比特幣的看漲情緒飆升，這可能預示著即將到來的牛市反彈。社交量和加權情緒增加，顯示投資者的樂觀情緒日益增強。

Is Bitcoin Primed for Another Bull Run?

比特幣是否已準備好迎接另一場牛市？

The cryptocurrency market is abuzz with bullish sentiment toward Bitcoin (BTC), with the coin trading comfortably above the $70,000 mark. But what are the factors driving this optimism, and can we expect a sustained rally?

加密貨幣市場充斥著對比特幣 (BTC) 的看漲情緒，比特幣的交易價格輕鬆突破 7 萬美元大關。但推動這種樂觀情緒的因素是什麼？我們能否期待持續的反彈？

Holding Its Ground

堅守陣地

Bitcoin's recent price action suggests resilience, with the coin posting gains of over 12% in the past week. This uptrend has been accompanied by a surge in social volume, indicating growing interest and bullish sentiment among investors.

比特幣最近的價格走勢表明了其彈性，過去一周貨幣的漲幅超過 12%。這種上升趨勢伴隨著社交量的激增，顯示投資者的興趣和看漲情緒不斷增長。

Breaking a Resistance Barrier

打破阻力障礙

According to crypto analyst Ali, Bitcoin has recently overcome a crucial resistance level of $70.8k, paving the way for further upward momentum.

加密貨幣分析師 Ali 表示，比特幣最近克服了 7.08 萬美元的關鍵阻力位，為進一步上漲勢頭鋪平了道路。

Is Selling Pressure Waning?

拋售壓力正在減弱嗎？

To gauge the market's sentiment toward Bitcoin, let's examine key metrics. CryptoQuant data reveals a declining exchange reserve, indicating reduced selling pressure. The Miners' Position Index shows that miners are selling their holdings within a moderate range, suggesting they are not overly eager to part with their coins.

為了衡量市場對比特幣的情緒，讓我們檢視一下關鍵指標。 CryptoQuant 數據顯示外匯存底下降，顯示拋售壓力減輕。礦工頭寸指數顯示，礦工正在適度範圍內出售其持有的資產，這表明他們並不太急於出售自己的代幣。

Buying Dominance in the US

購買美國的主導地位

Sentiment among US investors appears to be overwhelmingly positive, as evidenced by the green Coinbase premium. This suggests that there is a strong appetite for Bitcoin in the American market.

美國投資者的情緒似乎非常積極，綠色 Coinbase 溢價證明了這一點。這顯示美國市場對比特幣有強烈的興趣。

Undervalued Asset

被低估的資產

Glassnode's Network Value to Transactions (NVT) ratio has dropped, indicating that Bitcoin may be undervalued. This metric is calculated by dividing the market cap by the volume of transactions on the blockchain, and when it falls, it can signal a buying opportunity.

Glassnode 的網路價值與交易（NVT）比率下降，顯示比特幣可能被低估。該指標的計算方法是將市值除以區塊鏈上的交易量，當它下跌時，它可以發出買入機會的訊號。

Derivatives Metrics: Mixed Signals

衍生性商品指標：混合訊號

While the Funding Rate on derivatives markets is high, denoting active buying, the Taker Buy Sell Ratio is red, hinting at some selling pressure in this segment.

雖然衍生性商品市場的資金費率較高，顯示買入活躍，但接受者買賣比率為紅色，暗示該細分市場存在一定的拋售壓力。

Conclusion: A Bullish Outlook, but Caution Advised

結論：前景看漲，但建議謹慎

Overall, the indicators suggest that Bitcoin is well-positioned for a continued rally. However, it is crucial to note that the cryptocurrency market remains volatile, and investors should exercise caution before making investment decisions.

總體而言，這些指標顯示比特幣處於持續上漲的有利位置。但值得注意的是，加密貨幣市場依然波動，投資者在做出投資決定前應謹慎行事。