儘管減少了，比特幣仍以$ 80K的價格持有地面

Yerevan（Coinchapter.com） - 4月16日，黃金達到了3354美元的歷史最高點，而比特幣則持有穩固的80,000美元。

Bitcoin (BTC) held firm above crucial levels as market attention turned to U.S. macroeconomic data and the potential for more stimulus.

比特幣（BTC）保持在關鍵水平以上，因為市場的關注轉向了美國的宏觀經濟數據和更多刺激的可能性。

As of Monday morning, Bitcoin was trading at around $80,700. It had faced selling pressure as it approached the $85,000 zone earlier in the year. However, it managed to recover quickly from each setback, suggesting underlying strength.

截至週一早上，比特幣的交易價格約為80,700美元。當它在今年早些時候接近85,000美元的區域時，它面臨著銷售壓力。但是，它設法從每個挫折中迅速恢復，這表明了基本的力量。

According to Glassnode’s latest report, Bitcoin’s current cycle was showcasing a change in investor behavior. The deepest drawdown so far was close to 32%, which is milder compared to prior bull markets where corrections exceeded 50%.

根據GlassNode的最新報告，比特幣的當前週期正在展示投資者行為的變化。到目前為止，最深的縮水量接近32％，與校正超過50％的牛市相比，這很溫和。

Median drawdown for the 2022+ cycle was at -7%, the shallowest on record. In past cycles like 2011–2013 and 2018–2021, median pullbacks reached -22% and -19% respectively. But now, investors appeared more comfortable absorbing volatility rather than exiting positions.

2022+週期的中值降低為-7％，是最淺的記錄。在過去的2011 - 2013年和2018 - 2021年的循環中，中位回調分別為-22％和-19％。但是現在，投資者似乎更舒適地吸收波動，而不是退出位置。

This supports Bitcoin’s broader uptrend and suggests a more resilient market structure.

這支持比特幣的更廣泛的上升趨勢，並提出了更具彈性的市場結構。

Since early 2025, each price correction was also more controlled. Capital remained in the market even during weakness, confirmed by the “Realized Cap Net Position Change.” The realized cap has steadily grown, reaching $872 billion by April. It continues to expand at a rate of +0.9% per month.

自2025年初以來，每個價格校正也受到更高的控制。即使在弱點期間，資本仍在市場上，這是“實現的CAP淨位置變化”證實的。實現的上限已經穩步增長，到4月到達8720億美元。它繼續以每月 +0.9％的速度擴展。

This shows that long-term investors are adding to positions rather than reducing exposure. Alongside this, realized profits and losses remained largely balanced.

這表明長期投資者正在增加職位，而不是減少曝光率。除此之外，實現的利潤和損失基本上保持平衡。

This balance indicates a neutral capital flow environment, which limits the potential for whipsaw volatility and has helped Bitcoin to consolidate above $80,000 with minimal drawdowns.

這種餘額表明中立的資本流動環境，這限制了鞭子波動的潛力，並幫助比特幣鞏固了超過80,000美元的$ 80,000，而下降卻最少。

According to Glassnode’s “Percent Supply in Profit Oscillator,” around 75% of the Bitcoin supply is in profit, which is exactly at the long-term average. This level indicates investor confidence and less willingness to sell. Earlier in the cycle, profit supply peaked at 91% but the return to the mean suggests consolidation, not panic.

根據GlassNode的“利潤振盪器供應百分比”，大約75％的比特幣供應是利潤，這正是長期平均水平。此級別表明投資者的信心和銷售意願降低。在周期的早期，利潤供應量達到91％的峰值，但平均值的回報表明合併，而不是恐慌。

Bitcoin and Gold Surged Amid Bond Market Stress

在債券市場壓力下，比特幣和黃金激增

Capital continues to rotate into hard assets. Gold’s 26% year-to-date rise reflects growing demand for monetary hedges as investors moved funds out of traditional markets with bond yields becoming unstable.

資本繼續旋轉成艱苦的資產。戈爾德（Gold）年初的26％的增長反映了對貨幣樹籬的需求不斷增長，因為投資者將資金從傳統市場移出，債券收益率變得不穩定。

Between early 2025 and April, U.S. Treasury yields fluctuated between 3.7% and 4.5%, triggering volatility in both bond and equity markets.

在2025年初至4月之間，美國財政部的產量在3.7％至4.5％之間波動，引發了債券和股票市場的波動。

These rapid fluctuations are placing stress on markets, according to Glassnode. The MOVE Index, which measures volatility in Treasury options, spiked sharply. Simultaneously, the VIX index reached levels last seen during past systemic shocks like 2008 and 2020.

根據GlassNode的說法，這些快速的波動會給市場帶來壓力。衡量國庫期權波動率的移動指數急劇上升。同時，VIX指數達到了過去在2008年和2020年（例如2008年和2020年）中的全身性衝擊中的最後水平。

These developments parallel broader investor anxiety and shrinking liquidity conditions. In response, capital shifted toward alternative reserves.

這些發展與更廣泛的投資者焦慮和流動性條件縮小。作為回應，資本轉向替代儲備。

As traditional benchmarks lost appeal, both Bitcoin and gold saw strong gains. Bitcoin rebounded from the $75,000 zone to trade above $80,000. Meanwhile, Gold futures reached a new all-time high of $3,354.

隨著傳統基準失去吸引力，比特幣和黃金都獲得了巨大的收益。比特幣從$ 75,000的區域反彈到超過80,000美元的交易。同時，黃金期貨達到了新的3,354美元。

Their parallel performance and recovery from recent volatility highlight their growing role as global neutral stores of value, largely free from centralized monetary policy.

他們的平行表現和從最近的波動性中恢復，突出了它們作為全球價值中立的越來越多的作用，這在很大程度上沒有集中的貨幣政策。