隨著市場無動於衷的增長，比特幣努力賺取$ 10萬美元的水平

在過去的一周中，比特幣[BTC]一直在努力收回並在圖表上保持其水平高於$ 10萬美元。這個市場弱點是增長的標誌

Bitcoin [BTC] has failed to reclaim and hold its levels above $100k on the charts over the past week. This market weakness is an indication of growing market indifference, with sellers strategically entering the market to take profits or sell to avoid further losses. In fact, BTC was trading below $100k for the 4th consecutive day at the time of writing – A first in 2025.

在過去一周中，比特幣[BTC]未能在圖表上收回並持有其水平高於$ 10萬美元。這種市場的弱點表明市場不斷增長，賣方從戰略上進入市場以獲利或出售以避免進一步的損失。實際上，BTC在撰寫本文時連續第四天的交易價格低於10萬美元 - 2025年首次交易。

Many have been prompted to speak out due to these market conditions, including CryptoQuant’s Crazzy, who recently highlighted the significance of the aforementioned level for the world’s largest cryptocurrency.

由於這些市場條件，包括加密富裕的Crazzy，許多人被提示大聲疾呼，他們最近強調了上述水平對世界上最大的加密貨幣的重要性。

Bitcoin must hold above $100k for a reason

比特幣必須持有超過$ 10萬美元的原因

The $100k price level is currently more important than ever, according to CryptoQuant. Its significance arises from the need for short-term holders to become profitable.

CryptoQuant表示，目前，$ 10萬美元的價格水平比以往任何時候都重要。它的意義源於短期持有人獲得盈利的需求。

New investors who have held BTC for less than a month are currently seeing losses of 3%. Additionally, those who have held Bitcoin for less than 6 months have seen their profit margins decrease from 30% in November 2024 to 7% at press time.

持有BTC不到一個月的新投資者目前看到3％的損失。此外，那些持有比特幣少於6個月的人的利潤率從2024年11月的30％下降到了截止日期的7％。

While the drop presents opportunities for new buyers to r-enter the market and those considering DCS, BTC needs to hold above $100k to restore market confidence.

儘管下降為新買家提供了R-Enter市場的機會，而考慮到DC的人則為市場提供了機會，但BTC需要持有超過$ 10萬美元的市場才能恢復市場信心。

If Bitcoin remains below $100k, investors will see more losses, leading to reduced investor sentiment. Especially for STHs, leading to panic selling.

如果比特幣仍低於$ 10萬美元，投資者將看到更多的損失，從而減少了投資者的情緒。特別是對於STH，導致恐慌銷售。

For BTC, $100k is not only a psychological level but it is key to avoiding capitulation as market confidence depends on it. Here, it’s worth noting that a failure to hold these levels would result in prolonged stagnation and even more losses in the short term.

對於BTC而言，$ 10萬美元不僅是一個心理層面，而且在市場信心取決於它的情況下避免投降的關鍵。在這裡，值得注意的是，未能保持這些水平將導致短期停滯，甚至在短期內造成更多損失。

Can it recover to reclaim these levels?

可以恢復以收回這些水平嗎？

Bitcoin has had trouble reclaiming higher resistance levels, but the market has not yet reached its peak. For example, according to AMBCrypto’s analysis, Bitcoin is currently experiencing a healthy retracement before the next leg up.

比特幣在收回較高的阻力水平時遇到困難，但市場尚未達到頂峰。例如，根據Ambcrypto的分析，比特幣目前在下一條領域之前經歷了健康的回溯。

Therefore, BTC is still in a position to register more gains on its price charts.

因此，BTC仍然可以在其價格表上註冊更多收益。

For instance, Bitcoin’s long-term holder supply has seen a sustained rise as of late. This seemed to imply that LTHs are not panic selling and might just continue to accumulate.

例如，比特幣的長期持有人供應持續了持續上升。這似乎意味著LTHS並不是驚慌的銷售，並且可能會繼續積累。

This can be further evidenced by the fact that although the LTH SOPR declined, it has remained above 1 at 1.8.

儘管第lth的Sopr下降，但它的距離仍超過1.8，這可以進一步證明這一點。

With the LTH SOPR at these levels, it means that long-term holders’ profit taking is slowing down and it’s yet to turn to panic selling. This is a healthy correction within a bull market as LTH expects a less aggressive price hike in the short term.

在這些水平上的第LTH SOPR中，這意味著長期持有人的利潤正在放緩，但尚未轉向恐慌銷售。這是牛市中的健康糾正，因為LTH預計短期內的價格不那麼積極。

Moreover, we can see this reduced selling pressure among active participants in equal measures. This can be evidenced by reducing exchange inflows. In fact, exchange netflows returned to negative territory after turning positive over the past day. Netflows declined to -780.2, suggesting that more Bitcoin is leaving exchanges than entering – A sign of a shift in sentiment to bullish.

此外，我們可以看到有效參與者在同等措施中的銷售壓力降低。減少交換流入可以證明這一點。實際上，在過去的一天中，交換Netfrows轉向正面後，又回到了負領土。 Netflows跌至-780.2，這表明比特幣要留下的交易所要比進入的交流要多，這是對看漲的情緒轉變的標誌。

In conclusion, while long-term holders have not lost confidence, Bitcoin must avoid further losses. The prevailing market conditions show that LTHs are the ones supporting the market as short-term holders are at a loss or have low profits. Therefore, a trend reversal will strengthen LTHs conviction while restoring STHs confidence.

總之，儘管長期持有人沒有失去信心，但比特幣必須避免進一步的損失。盛行的市場條件表明，由於短期持有人虧損或利潤較低，LTH是支持市場的。因此，趨勢逆轉將加強LTH的信念，同時恢復STH的信心。

Simply put, Bitcoin will have to break out and reclaim $100k for a bullish outlook to hold.

簡而言之，比特幣將不得不爆發並收回10萬美元，以使其看漲前景。