比特幣情緒投票反映了2024年9月的趨勢，因為BTC價格低於$ 85K

2024年，由於比特幣情緒投票圖出現了廣泛的看漲投資者的期望，比特幣達到了歷史頂峰。

In 2024, Bitcoin (BTC) reached its historical peak as bullish investor expectations were met, which could be seen through the Bitcoin Sentiment Vote chart on CryptoQuant. As the chart shows, Bitcoin’s price soared above $100,000, while the Vote Up sentiment became very strong, reaching high volumes.

2024年，隨著看漲投資者的期望，比特幣（BTC）達到了其歷史高峰，這可以通過CryptoQuant的比特幣情緒投票表格來看待。如圖所示，比特幣的價格飆升了100,000美元以上，而投票的情緒變得非常強勁，達到了很高的量。

However, once Bitcoin reached its peak, the market sentiment about its value started to decline rapidly. The market sentiment shifted to negative when traders and investors began voting down, resulting in lower sentiment values.

但是，一旦比特幣達到頂峰，對其價值的市場情緒開始迅速下降。當交易者和投資者開始投票時，市場情緒變為負面，導致情緒價值較低。

The rally started by flashing positive expectations, but darkened with both fear and traders selling to reduce their holdings after reaching its highest point. The price of BTC began a downtrend after hitting its peak, with the crypto settling below $85,000 by March 2025.

集會始於閃爍的積極期望，但由於恐懼和交易者而銷售以減少其最高點後的持股量而變得黑暗。 BTC的價格在達到頂峰後開始跌幅，到2025年3月，加密貨幣的價格低於85,000美元。

The difference in investor feeling is a sign of deepening market reluctance. Especially as sentiment stands equal to what it did during September 2024, right before the bullish period started.

投資者感覺的差異是進化市場不情願的標誌。尤其是在看漲時期開始之前的情緒與2024年9月的情緒相同。

Bitcoin’s sentiment levels mirror September 2024 trends

比特幣的情感水平鏡像2024年9月趨勢

The Bitcoin Sentiment Vote by CryptoQuant suggested that March 2025 saw the return of sentiment ratios similar to those in September 2024. The measurements during that period showed neutral opinions as the ratio remained close to 4, indicating no clear preference for Vote Up or Vote Down.

加密富裕的比特幣情緒投票表明，2025年3月的情感比率與2024年9月的情感比率相似。該時期的測量結果表現出中立的意見，因為該比率仍然接近4，這表明對投票或投票均未明確偏愛。

The latest market trend highlighted a major decline from the previous all-time high levels above 12 which Bitcoin reached during its peak. These indicators pointed towards a neutral-to-bearish outlook as the “Vote Down” sentiment continued to increase in the 90-day moving average and standard deviation.

最新的市場趨勢強調了比比特幣在高峰期達到12級高於12的歷史高水平的大幅下降。這些指標指出了中立的前景，隨著“投票”情緒在90天移動平均線和標準偏差中繼續增加。

The prevailing sentiment among traders aligned with previous market conditions before the rally, suggesting that they remain uncertain about Bitcoin’s upcoming performance. The same situation as before Bitcoin’s previous major upward surge, investors sensed reluctance.

在集會之前，交易者的普遍情緒與以前的市場狀況保持一致，這表明他們對比特幣即將到來的表現不確定。與比特幣以前的主要向上激增一樣，投資者也感覺不到。

Long-term holders’ selling behavior and its market implications

長期持有人的銷售行為及其市場影響

Finally, the Bitcoin STH/LTH Supply vs. ETF Flows vs. MicroStrategy chart from CryptoQuant highlighted sustained selling pressure from Long-Term Holders (LTH). Although the pace slowed since Bitcoin crossed $100,000, a 30-day LTH supply reduction of 89,738 BTC could be a sign of profit-taking.

最後，來自加密量的比特幣STH/LTH供應與ETF流相對於微型流量圖，強調了長期持有人（LTH）的持續銷售壓力。儘管自比特幣超過100,000美元以來的速度放緩，但30天的LTH供應減少了89,738 BTC可能是獲利的標誌。

The chart’s persistent downtrend in LTH position changes signaled risk-off behavior, consistent with the bearish sentiment observed in the first chart. The continuation of LTH selling, albeit at a slower rate, implied a lack of confidence in an immediate recovery.

該圖表在LTH位置的持續下降趨勢變化，標誌著風險行為，這與第一張圖表中觀察到的看跌情緒一致。 Lth銷售的延續，儘管速度較慢，這意味著對立即康復的信心缺乏信心。

This trend further supported the return of sentiment to September 2024 levels, ultimately reinforcing a cautious market outlook. As Bitcoin struggled to regain upward momentum, investor behavior would continue to be closely watched for any indication of a shift in attitude.

這一趨勢進一步支持了情緒回報到2024年9月的水平，最終增強了謹慎的市場前景。隨著比特幣努力恢復向上的動力，投資者的行為將繼續受到關注，以表明態度的轉變。