隨著比特幣進入「極度貪婪」區域，比特幣礦工和長期持有者準備迎接市場調整

正如恐懼和貪婪指數所示，比特幣最近進入了許多人所說的「極度貪婪」區域。

Bitcoin Fear and Greed Index Surges, Signaling Accumulation and Anticipation of Higher Prices

比特幣恐懼和貪婪指數飆升，顯示累積和對價格上漲的預期

The Bitcoin Fear and Greed Index has recently entered the “Extreme Greed” zone, indicating a heightened level of investor optimism.

比特幣恐懼和貪婪指數最近進入了「極度貪婪」區域，顯示投資者的樂觀情緒增強。

This zone is typically observed during periods of sustained upward price movement and strong accumulation.

該區域通常出現在價格持續上漲和強勁吸籌期間。

Over the last week, the index has hit starkly high levels, marked by dark-green column bars, indicating an intense accumulation phase.

上週，該指數已達到極高水平，以深綠色柱形條為標誌，顯示處於強烈的吸籌階段。

Bitcoin prices have responded by surging to new highs, flirting with price points that were once considered lofty aspirations.

比特幣價格的反應是飆升至新高，與曾經被認為是崇高願望的價格點調情。

This climactic rise has stirred speculation among traders and analysts about an impending correction.

這種高潮性的上漲激起了交易員和分析師對即將到來的調整的猜測。

This pattern is not new; similar spikes in the index have typically led to pullbacks as traders take profits and the market re-calibrates.

這種模式並不新鮮；隨著交易者獲利了結和市場重新調整，該指數的類似飆升通常會導致回調。

With the index peaking, the community is on edge, anticipating whether Bitcoin will sustain its bullish momentum or succumb to a sell-off, triggered by profit-taking and market jitters.

隨著該指數見頂，整個社區都處於緊張狀態，他們預測比特幣是否會維持看漲勢頭，或者因獲利了結和市場不安而引發拋售。

Bitcoin Miners Sell Off Holdings as Prices Peak

比特幣礦商在價格見頂時拋售持有的比特幣

A look at the trends of Bitcoin Miners and Long-Term Holders reveals some interesting dynamics.

觀察比特幣礦工和長期持有者的趨勢，可以發現一些有趣的動態。

Bitcoin miners appear to be selling off their holdings as Bitcoin’s price remains robust.

由於比特幣價格仍然堅挺，比特幣礦商似乎正在拋售其持有的比特幣。

In the past week alone, miner outflows spiked significantly, coinciding with Bitcoin’s price reaching $88K, marking a clear signal that miners are taking profits ahead of a potential Bitcoin peak.

僅在過去一周，礦商資金流出就大幅飆升，同時比特幣價格達到 8.8 萬美元，這標誌著礦商在比特幣潛在高峰之前獲利了結的明確訊號。

Historically, such sales often prelude significant market movements, suggesting we could be nearing a market top.

從歷史上看，此類銷售往往預示著重大的市場波動，表明我們可能已接近市場頂部。

Despite this sell-off, the broader sentiment in the Bitcoin market remains bullish.

儘管遭到拋售，比特幣市場的整體情緒仍然看漲。

Long-term holders of Bitcoin, seen as the backbone of market stability, have offloaded around 300,000 BTC.

被視為市場穩定支柱的比特幣長期持有者已拋售約 30 萬枚比特幣。

This figure is substantially lower than the sell-offs witnessed in March 2024, which saw nearly a million BTC being sold.

這一數字遠低於 2024 年 3 月的拋售，當時出售了近 100 萬比特幣。

The reduced scale of this selling suggests that while the market is experiencing some pressure from sellers, the intensity is much less severe than in previous cycles.

此次拋售規模的縮小表明，雖然市場正承受著來自賣家的一些壓力，但其強度比之前的周期要小得多。

This could indicate continued bullishness, as the selling pressure is not as overwhelming despite rising prices.

這可能表明看漲情緒持續存在，因為儘管價格上漲，但拋售壓力並未那麼巨大。

The current dynamics suggest a cautious optimism, with an undercurrent of strategic profit-taking by miners tempered by a strong holding pattern among long-term investors.

目前的動態顯示出一種謹慎樂觀的情緒，長期投資者的強烈持有模式削弱了礦商策略性獲利回吐的暗流。

On-Chain Analysis Shows Accumulation at Key Price Levels

鏈上分析顯示關鍵價格水準的積累

More On-Chain Buying of BTC

更多 BTC 鏈上購買

Delving deeper into on-chain activity, we observe that while Bitcoin miners are selling, smaller addresses are accumulating.

深入研究鏈上活動，我們觀察到，雖然比特幣礦工在拋售，但較小的地址正在累積。

According to data from IntoTheBlock, a significant number of addresses are showing intense buying activity around the $89.2K price level.

根據 IntoTheBlock 的數據，大量地址在 89.2 萬美元的價格水平附近顯示出強烈的購買活動。

As Bitcoin’s price currently teeters just below this critical threshold, this level could potentially serve as a pivotal support or resistance point in the near future.

由於比特幣的價格目前略低於此關鍵閾值，因此該水平可能在不久的將來成為關鍵支撐或阻力點。

The data shows that there was also considerable accumulation at lower price levels, which might act as foundational support if the price dips.

數據顯示，在較低價格水準上也存在大量積累，如果價格下跌，這可能會成為基礎支撐。

However, the large cluster of buying at $89.2K suggests that many investors are anticipating higher prices, positioning this level as a battleground between bears and bulls in the market dynamics.

然而，89.2K 美元的大量買盤表明許多投資者預計價格會上漲，並將這一水平定位為市場動態中空頭和多頭之間的戰場。

The interest at these levels not only reflects investor sentiment but also hints at potential strategic moves in the market.

這些程度的興趣不僅反映了投資者的情緒，也暗示了市場潛在的策略舉措。

If this zone will indeed turn into resistance, we can potentially expect a decline, otherwise, if a breakthrough occurs, it will propel BTC to new highs, driven by positive investor sentiment and large-scale buys at these lower levels.

如果該區域確實會變成阻力位，我們可能會預期下跌，否則，如果出現突破，在積極的投資者情緒和在較低水平進行大規模買入的推動下，它將推動 BTC 升至新高。