比特幣顯示“賣方耗盡”，因為BTC價格動作徘徊在3AC倒塌以來的最高銷售壓力中近10萬美元。

比特幣表現出了顯著的彈性，儘管自2022年加密貨幣對沖基金三箭頭資本（3AC）的銷售活動是最大的銷售活動之一，但其頭寸仍在95,000美元以上。

Bitcoin price showed surprising resilience on Monday, shrugging off one of the largest selling events at spot exchanges since the 2023 collapse of crypto hedge fund Three Arrows Capital (3AC).

比特幣價格在周一表現出令人驚訝的彈性，自2023年加密貨幣對沖基金三箭頭資本（3AC）的現場交流中聳了聳肩。

According to André Dragosch, head of research at Bitwise Europe, recent market data indicates that spot exchanges experienced their highest selling pressure since 3AC’s meltdown. However, Bitcoin’s price still hovers near the $100,000 mark, hinting at what Dragosch calls “seller exhaustion.”

根據Bitwise Europe研究負責人AndréDragosch的說法，最近的市場數據表明，Spot交流經歷了自3AC崩潰以來的最高銷售壓力。但是，比特幣的價格仍然徘徊在100,000美元的大關附近，暗示了Dragosch所謂的“賣方疲憊”。

Back in 2023, 3AC’s downfall triggered a wave of liquidations, taking down several major crypto lenders like BlockFi and Celsius. Yet, despite similar pressures today, Bitcoin remained surprisingly resilient—an encouraging sign for investors eyeing stability in uncertain markets.

早在2023年，3AC的倒台引發了一波清算，擊落了Blockfi和Celsius等幾個主要加密貸款人。然而，儘管今天施加了類似的壓力，比特幣仍然令人驚訝地彈性，這是對不確定市場中穩定性的投資者的鼓舞人心的信號。

Bitcoin’s resilience comes as the U.S. and China ramp up trade war tensions, with the U.S. announcing new tariffs on Chinese goods. This news follows reports that both countries are set to meet and discuss trade disputes, potentially paving the way for a resolution.

比特幣的韌性隨著美國和中國加劇貿易戰爭的緊張局勢的襲擊而來，美國宣布了對中國商品的新關稅。該新聞報導說，這兩個國家都將結束並討論貿易糾紛，並有可能為決議鋪平道路。

Meanwhile, BTC’s key $93,000 support level is crucial, as a drop below could lead to over $1.7 billion in leveraged positions being liquidated, according to Ryan Lee, chief analyst at Bitget Research. This could push the price down to $91,500 or lower.

同時，BTC的主要$ 93,000支持水平至關重要，因為下降可能會導致超過17億美元的槓杆位置被清算。這可能會將價格降至91,500美元或更低。

In other news, U.S. Reverse Repo Facility (RRP) has dropped to its lowest level since early 2021, which could be a potential signal that the Fed’s quantitative tightening measures might be nearing an end, according to the Kobeissi Letter. This might trigger a liquidity shock that could significantly impact Bitcoin’s price.

在其他新聞中，根據Kobeissi的信件，美國反向回購設施（RRP）自2021年初以來已下降到其最低水平，這可能是一個潛在的信號表明，根據Kobeissi的信函，美聯儲的定量擰緊措施可能接近結束。這可能會引發流動性衝擊，可能會嚴重影響比特幣的價格。

Whales and retail investors are also seen taking opposite approaches in the market. Retail investors, defined as those holding less than 1 Bitcoin, are accumulating BTC at a pace 72% faster than last year’s average, according to on-chain analytics firm Glassnode.

還可以看到鯨魚和零售投資者在市場上採取相反的方法。根據On-Chain Analytics公司GlassNode的數據，散戶投資者的定義為持有少於1比特幣的零售投資者的累積速度比去年的平均水平快72％。

In contrast, whales, or large holders, have been distributing their Bitcoin holdings at nine times the yearly average since Bitcoin crossed $100,000 in late 2023. This divergent behavior reflects conflicting outlooks on Bitcoin’s trajectory.

相比之下，鯨魚或大型持有人的比特幣持有量是每年平均水平的九倍，因為比特幣在2023年末越過100,000美元。這種不同的行為反映了對比特幣軌蹟的看法相互矛盾。

Despite being touted as a safe-haven asset, Bitcoin's performance is lagging behind physical gold, which recently hit record highs. Peter Brandt highlights this disparity, while Alistair Milne suggests that BTC could still catch up given its potential for higher returns.

儘管被吹捧為安全的資產，但比特幣的性能仍落後於物理黃金，該黃金最近擊中了紀錄的高點。彼得·布蘭特（Peter Brandt）強調了這一差距，而阿利斯泰爾·米爾恩（Alistair Milne）認為，鑑於BTC的潛力更高，BTC仍然可以趕上。

The crypto market continues to see a battleground of opposing predictions, with some analysts like Bill Barhydt foreseeing Bitcoin embarking on a long-term rally toward $700,000. This projection is based on shifts in U.S. monetary policy, which could see potential tax cuts and liquidity injections to refinance trillions in U.S. debt.

加密貨幣市場繼續看到一個反對預測的戰場，一些分析師像Bill Barhydt這樣的分析師預見了比特幣進行了長期的集會，直到70萬美元。這一預測是基於美國貨幣政策的轉變，該政策可以看到潛在的減稅和流動性注射到美國債務的再融資。

Currently, BTC trades at $97,352.50, showing a 0.86% gain on the day and a 1.16% increase over the past week.

目前，BTC的交易價格為97,352.50美元，顯示當天增長0.86％，過去一周增長了1.16％。