比特幣價格小幅上漲後逼近 95,000 美元大關，市場可能觸底

比特幣在經歷了小幅上漲後，目前正在追求 95,000 美元大關。幾個鏈上比特幣指標顯示了潛在的潛力

As Bitcoin continues its pursuit of the $95,000 mark with a slight gain in value, several on-chain metrics hint at a potential market bottom for the primary cryptocurrency.

隨著比特幣繼續追求 95,000 美元大關，價值略有上漲，一些鏈上指標暗示主要加密貨幣的潛在市場底部。

Between January 7 and January 9, the price of Bitcoin experienced an 11% decrease, dipping below $92,000 for the first time in nine days. This shift resulted in over $257.5 million in leveraged long positions being liquidated. The decline coincides with profit-taking, strong economic data, and uncertainties related to the impending inauguration of US President-elect Donald Trump.

1 月 7 日至 9 日期間，比特幣價格下跌 11%，九天內首次跌破 92,000 美元。這一轉變導致超過 2.575 億美元的槓桿多頭部位被清算。此次下跌恰逢獲利回吐、強勁的經濟數據以及美國當選總統川普即將就職的不確定性。

Despite this short-term bearish movement, three data indicators suggest that the drop to $92,000 might signify a local bottom for Bitcoin, presenting a promising entry point for investors.

儘管存在這種短期看跌走勢，但三個數據指標表明，跌至 92,000 美元可能意味著比特幣已經觸底，為投資者提供了一個有希望的切入點。

Indicating capitulation or a market bottom, a Spent Output Profit Ratio (SOPR) of less than 1 suggests a good buying opportunity. As of January 10, the SOPR has decreased to 0.98. Calculated by comparing coin values when last moved and when spent again, SOPR measures the profit or loss of Bitcoin outputs. According to historical data, such drops in SOPR often precede price recoveries.

支出產出利潤率 (SOPR) 小於 1 表示投降或市場觸底，顯示這是一個良好的買入機會。截至 1 月 10 日，SOPR 已降至 0.98。 SOPR 透過比較上次移動時和再次使用時的硬幣價值來計算，衡量比特幣輸出的利潤或損失。根據歷史數據，SOPR 的這種下降通常會先於價格回升。

Highlighting the drop to $92,800 as a major support area, Bitcoin investor Sean Buckley suggests it could be a strategic time to buy.

比特幣投資者 Sean Buckley 強調跌至 92,800 美元是主要支撐區域，他表示這可能是買入的戰略時機。

Another crucial metric, the Entity-adjusted Dormancy Flow, which evaluates the ratio of Bitcoin's market cap to the annualized dormancy value, has also signaled a potential bottom. Historically, values below 250,000 have indicated a good buy zone, often preceding major price recoveries or signaling the end of price corrections.

另一個關鍵指標是實體調整休眠流量，它評估比特幣市值與年化休眠值的比率，也預示著潛在的底部。從歷史上看，低於 250,000 的價格表明是一個良好的買入區域，通常先於價格大幅回升或標誌著價格調整的結束。

Moreover, the supply distribution by long-term holders has peaked. This slowed distribution rate suggests a shift from distribution to accumulation, which has historically aligned with market bottoms. In past cycles, even after distribution peaks, the price of Bitcoin has continued to rise, indicating a potential market rebound.

此外，長期持有者的供應分配已達到頂峰。這種放緩的分配率表明從分配到累積的轉變，這在歷史上與市場底部一致。在過去的周期中，即使在發行高峰之後，比特幣的價格仍持續上漲，顯示市場可能出現反彈。

Collectively, these indicators suggest that the worst might be over for Bitcoin, offering a promising outlook for recovery from its recent lows. However, it's important to note that every investment move carries risk, and investors are advised to conduct their own research before making any decisions.

總的來說，這些指標表明比特幣最糟糕的時期可能已經過去，為比特幣從近期低點復甦提供了光明的前景。然而，值得注意的是，每項投資舉措都存在風險，並建議投資者在做出任何決定之前進行自己的研究。