儘管續簽了看漲信號，但比特幣價格仍在懸停在90,000美元以下

比特幣在3月20日達到87,500美元，這是兩週內的最高水平。從那以後，它的收入降至83,951美元左右，在過去一周中仍增長2.7％。

NAIROBI (CoinChapter.com) – Bitcoin price continues to hover below $90,000 despite renewed bullish signals.

內羅畢（Coinchapter.com） - 儘管續簽了看漲信號，但比特幣價格仍在徘徊在90,000美元以下。

Whale-driven spoofing on Binance, weak onchain retail trends, and mixed macro cues are stalling the crypto behemoth. But exchange outflows, ETF demand, and Coinbase volume suggest strong underlying accumulation.

鯨魚驅動的偽造，弱的鏈零售趨勢和混合宏提示正在拖延加密龐然大物。但是交換流出，ETF需求和共插量的體積表明強大的潛在積累。

However, Benzinga noted that some analysts believe that retail traders are entering the market in droves.

但是，本辛加指出，一些分析師認為零售商人正在以鬥爭的身份進入市場。

According to Material Indicators, large players are deploying spoofing tactics on Binance to prevent upward momentum. The firm blamed a whale labeled "Spoofy" for placing high-volume ask orders.

根據物質指標，大型參與者正在部署有關二進制的欺騙策略，以防止向上勢頭。該公司指責一條標有“ Spoofy”的鯨魚下達了高批量的要求命令。

"If you are wondering why Bitcoin price hasn't been able to rally past $87.5k yet, the reason is price suppression from Spoofy the Whale," Material Indicators wrote in a March 20 post on X.

“如果您想知道為什麼比特幣價格還沒有能夠超過87.5k美元，其原因是鯨魚的價格抑制，”材料指標在3月20日的X上發表了X上的一篇文章中寫道。

Their data shows these large orders dominating above price, keeping BTC in a tight range, with $76,000 offering little support below.

他們的數據顯示，這些大訂單占主導地位，使BTC處於緊密的範圍內，76,000美元的支持幾乎沒有支持。

Credit: Material Indicators

學分：物質指標

CryptoQuant CEO Ki Young Ju challenged the common assertion that retail traders aren't participating in the current bull market.

CryptoQuant首席執行官Ki Young Ju質疑零售交易者未參加當前牛市的普遍斷言。

"People keep saying that retail isn't in the market yet, but isn't it obvious? ETF inflows are getting bigger, and they are mostly from retail," Ju stated on March 19.

尤斯在3月19日說：“人們一直在說零售還不在市場上，但這不是很明顯嗎？ETF流入越來越大，它們主要來自零售。”

He added that the narrative that BTC is in a bear market is "getting more interesting" with recent price action.

他補充說，通過最近的價格行動，BTC處於熊市的敘述正在“變得越來越有趣”。

CryptoQuant

加密

Ju explained that retail investors are flowing into Bitcoin ETFs, which doesn't get captured by onchain metrics. But these numbers suggest otherwise.

JU解釋說，零售投資者正在投入比特幣ETF，這不會被OnChain指標捕獲。但是這些數字建議。

About 80% of spot Bitcoin ETF inflows since January came from retail investors, who participated in a whopping $35.88 billion in ETF activity, according to Farside. This activity wouldn't be covered by traditional wallet or exchange data.

根據Farside的說法，自一月以來，大約80％的現貨比特幣ETF流入來自零售投資者，零售投資者參加了高達358.8億美元的ETF活動。傳統錢包或交換數據不會涵蓋此活動。

This lack of onchain footprint also keeps metrics like the Bitcoin realized cap artificially low, rendering it less useful for gauging buying pressure.

缺乏onChain足跡也使像比特幣這樣的指標人人為地降低了CAP，從而使其對於衡量購買壓力的有用程度降低了。

Ju previously predicted the bull market was ending, but he later clarified that he expects Bitcoin to take six to twelve months to break its all-time high.

JU先前預測牛市已經結束，但他後來澄清說，他希望比特幣需要六到十二個月的時間才能打破其歷史最高水平。

Coinbase Premium Hits Highest Since Feb. 20 as BTC Rises 5%

隨著BTC上升5％，Coinbase Premium命中自2月20日以來最高

Data from CryptoQuant shows the Coinbase premium index reached its highest level since February 20 after BTC rose 5% on March 19. A rising premium often reflects strong U.S.-based buying.

來自CryptoQuant的數據顯示，Coinbase Premium指數在3月19日BTC上漲了5％以來2月20日以來的最高水平。溢價上漲通常反映了美國的強勁購買。

Bitcoin's Coinbase premium index. Source: CryptoQuant

比特幣的Coinbase Premium指數。資料來源：加密

Analyst Woonminkyu noted that the 30-day EMA of the index recently crossed the 100-day EMA, which is a bullish pattern.

分析師WoonMinkyu指出，該指數的30天EMA最近越過了100天EMA，這是看漲模式。

"This implies the presence of large players," he added.

他補充說：“這意味著大型球員的存在。”

The indicator supports the view that institutions and whales are accumulating through regulated platforms like Coinbase Advanced.

該指標支持這樣的觀點，即機構和鯨魚通過Coinbase Advanced等規範平台積累。

CryptoQuant

加密

Meanwhile, CryptoQuant analyst CryptoOnCain observed the largest Bitcoin exchange outflow on a 90-day average since January 2023.

同時，加密分析師Cryptooncain觀察到自2023年1月以來的90天平均水平的最大比特幣交換。

Exchange netflows turning negative often signals accumulation, as coins are withdrawn from exchanges for long-term holding.

交換Netfrows轉向負面的netfrows通常會積累，因為硬幣從交換中撤回了長期持有。

Bitcoin Structure Still Fragile as Traders Watch Key Levels

比特幣結構仍然脆弱，因為交易者觀看關鍵水平

Bitcoin's bounce back above $85,000 follows weeks of decline. Still, market sentiment remains mixed.

在數週下降之後，比特幣的反彈返回了85,000美元。儘管如此，市場情緒仍然混雜。

CryptoQuant analyst Crypto Dan noted that recent corrections stay within a standard 30% pullback range. "Massive liquidations have not occurred," he said, suggesting current conditions do not yet reflect a bear market.

加密分析師Crypto Dan指出，最近的更正停留在標準的30％回調範圍內。他說：“尚未進行大規模清算。”他表明，當前狀況尚未反映出熊市。

"Uncertainty in the market is an unavoidable element," Crypto Dan added, noting political and economic factors.

Crypto Dan指出政治和經濟因素說：“市場的不確定性是不可避免的因素。”

CryptoQuant

加密

On the technical side, Daan Crypto Trades said $84,000-$85,000 is a critical zone for bulls. Losing that level risks a deeper retrace into lower liquidity.

在技​​術方面，Daan Crypto交易表示，$ 84,000- $ 85,000是公牛的關鍵區域。失去該水平會更深入地回溯到較低的流動性。

"Still no signs of a strong breakout yet. We’ll see if we can hold this structure for a test of $90k."

“尚無強烈突破的跡象。我們將看看是否可以將這種結構持有90,000美元的測試。”

Another crypto analyst, Max from BecauseBitcoin, pointed out that Bitcoin’s RSI is still quite low despite the recent price gains.

另一名加密分析師Adbitcoin的Max指出，儘管最近價格上漲，比特幣的RSI仍然很低。

This weakness in momentum could still stall a breakout, especially with price action remaining "stubbornly contained" in a $82,000-$88,000 range.

這種勢頭的弱點仍然可能會陷入突破，尤其是在82,000美元至88,000美元之間的價格行動中剩下的“固執”。

suggesting that sellers are still in control.

暗示賣家仍在控制中。