比特幣重回 10 萬美元大關，引發加密貨幣市場新一輪興奮

在本週早些時候流動性出人意料地迅速沖至 8.9 萬美元水平之後，BTC 出現了令人印象深刻的復甦，飆升超過 13%，突破了這一心理里程碑。

Bitcoin price finally breached the $100K level on Monday, sparking excitement and anticipation throughout the cryptocurrency market. After a swift and unexpected liquidity sweep into the $89K level earlier this week, BTC staged an impressive recovery, surging over 13% to breach this psychological milestone.

週一，比特幣價格終於突破 10 萬美元大關，引發了整個加密貨幣市場的興奮和期待。在本週早些時候流動性出人意料地迅速沖至 8.9 萬美元水平之後，BTC 出現了令人印象深刻的復甦，飆升超過 13%，突破了這一心理里程碑。

The rally comes as no surprise, given the massive build-up in buying pressure and the technical indicators signaling a breakout. However, to the surprise of many, BTC encountered strong resistance at the $98K level, slowing its ascent and sparking a brief consolidation phase.

鑑於買盤壓力巨大且技術指標預示著突破，這次反彈並不令人意外。然而，令許多人驚訝的是，BTC 在 9.8 萬美元水平遇到了強勁阻力，減緩了上漲速度並引發了短暫的盤整階段。

As the dust settles and BTC edges closer to $100K, a critical metric, highlighted by top analyst Axel Adler, may provide valuable insight into the next phase of Bitcoin’s price action. The metric, which reflects the ratio of long-term holders (LTH) to short-term holders (STH), indicates potential volatility ahead.

隨著塵埃落定，比特幣逼近10 萬美元，頂級分析師阿克塞爾·阿德勒(Axel Adler) 強調的一項關鍵指標可能會為比特幣下一階段的價格走勢提供有價值的見解。此指標反映了長期持有者（LTH）與短期持有者（STH）的比率，顯示了未來的潛在波動性。

Historically, significant shifts in this ratio often precede sharp price movements, suggesting that BTC’s journey above $100K might still encounter turbulence. A low ratio, indicating a large portion of the supply being held by short-term traders, could amplify price swings and set the stage for rapid movements in either direction.

從歷史上看，這一比率的顯著變化往往先於價格大幅波動，這表明 BTC 突破 10 萬美元的旅程可能仍會遇到動盪。比率較低，顯示大部分供應由短期交易者持有，可能會放大價格波動，並為任一方向的快速波動奠定基礎。

With the market showing signs of strength and optimism, investors are keeping a close watch, waiting for confirmation of a sustained breakout. A firm hold above $100K could signal the beginning of a new leg up in BTC’s ongoing bull cycle. However, as the LTH-to-STH ratio suggests, heightened volatility may lie ahead, keeping traders and analysts on edge as Bitcoin charts its next move.

隨著市場顯示出強勁和樂觀的跡象，投資者正在密切關注，等待持續突破的確認。堅守在 10 萬美元以上可能標誌著 BTC 持續牛市週期的新一輪上漲的開始。然而，正如 LTH 與 STH 比率所表明的那樣，未來波動性可能會加劇，讓交易員和分析師在比特幣繪製下一步走勢時感到緊張。

Bitcoin Pushes Higher Eyeing New All-Time Highs

比特幣推高，創下歷史新高

As the cryptocurrency market gains momentum, Bitcoin continues to lead the charge, with its sights set on establishing new all-time highs. The recent push above the $100K mark has reinvigorated bullish sentiment, signaling the potential for further upward movement. However, volatility remains a critical factor as the market navigates uncharted territory.

隨著加密貨幣市場勢頭強勁，比特幣繼續引領潮流，其目標是創造新的歷史高點。最近突破 10 萬美元大關重振了看漲情緒，預示著進一步上漲的潛力。然而，隨著市場探索未知領域，波動性仍然是關鍵因素。

CryptoQuant analyst Axel Adler has provided valuable insights into Bitcoin’s market dynamics with a metric that reflects the ratio of long-term holders (LTH) to short-term holders (STH). This ratio is a crucial tool for understanding the distribution of BTC’s supply and the behavior of market participants.

CryptoQuant 分析師 Axel Adler 透過反映長期持有者 (LTH) 與短期持有者 (STH) 比率的指標，為比特幣市場動態提供了寶貴的見解。此比率是了解 BTC 供應分佈和市場參與者行為的重要工具。

Adler’s analysis highlights that when the LTH-to-STH ratio falls below 1, short-term holders control a larger portion of the supply. This indicates heightened speculative activity, which often correlates with increased market volatility. Currently, the metric is below 1 and has shifted into the orange zone, suggesting that short-term holders have taken a dominant role.

Adler 的分析強調，當 LTH 與 STH 的比率低於 1 時，短期持有者控制了更大一部分的供應。這顯示投機活動加劇，而這往往與市場波動加劇有關。目前，該指標低於 1，並已進入橙色區域，表明短期持有者已佔據主導地位。

This shift in supply dynamics could result in amplified price swings as speculative traders react quickly to market developments. While this adds an element of risk, it also creates opportunities for BTC to surge as demand increases. The coming days will be crucial in determining whether Bitcoin can capitalize on this speculative activity and propel itself toward new highs, solidifying its role as the market leader.

由於投機交易者對市場發展做出快速反應，供應動態的這種轉變可能會導致價格波動放大。雖然這增加了風險因素，但也為比特幣隨著需求的增加而飆升創造了機會。未來幾天對於決定比特幣能否利用這種投機活動並將其推向新高、鞏固其市場領導者的地位至關重要。

Price Poised for a Break Above $100K

價格預計將突破 10 萬美元

Bitcoin is currently trading just below the $100K mark, holding strong as it flirts with the psychological resistance level. Market sentiment remains overwhelmingly bullish, with many analysts predicting a massive rally once Bitcoin decisively reclaims this key level. A push above $102K is widely regarded as the catalyst for setting new all-time highs, as it would confirm Bitcoin’s upward trajectory and signal the start of a major price surge.

比特幣目前交易價格略低於 10 萬美元大關，在接近心理阻力位時保持堅挺。市場情緒仍然極為看漲，許多分析師預測，一旦比特幣果斷收復這一關鍵水平，就會出現大幅反彈。突破 10.2 萬美元被廣泛認為是創下歷史新高的催化劑，因為它將確認比特幣的上漲軌跡並標誌著價格大幅上漲的開始。

However, the road to new highs may not be straightforward. Analysts caution that Bitcoin could consolidate below the $100K level in the short term as the market absorbs recent gains and builds the necessary momentum for the next leg up. Consolidation phases often allow for reaccumulation, enabling strong hands to solidify their positions while speculative interest cools.

然而，通往新高的道路可能並不平坦。分析師警告稱，隨著市場消化近期漲幅並為下一步上漲建立必要動力，比特幣短期內可能會在 10 萬美元水平以下盤整。盤整階段通常允許重新積累，使強手能夠在投機興趣降溫的同時鞏固其頭寸。

For bulls, holding above $98K and making a sustained move toward $100K will be critical. A failure to break above the $100K mark could see Bitcoin enter a prolonged sideways phase, potentially frustrating impatient investors. Despite these risks, the broader trend remains firmly bullish, with strong demand and positive metrics pointing to further growth. The next few days will be pivotal in determining Bitcoin’s trajectory as it inches closer to rewriting its price history.

對於多頭來說，守住 98,000 美元上方並持續向 100,000 美元邁進至關重要。如果未能突破 10 萬美元大關，比特幣可能會進入長期橫盤整理階段，這可能會讓不耐煩的投資者感到沮喪。儘管存在這些風險，但整體趨勢仍然堅定看漲，強勁的需求和積極的指標預示著進一步的成長。接下來的幾天將是決定比特幣走勢的關鍵，因為它距離改寫其價格歷史越來越近了。