Blackrock購買了3000萬美元的BTC，但比特幣價格不受影響；合併背後的5個因素

比特幣價格性能是加密貨幣市場的關鍵因素，僅其舉動就可以決定整個市場的軌跡。自從1月中旬創建ATH以來，BTC代幣仍在不斷鞏固，儘管貝萊德購買新聞。

BlackRock purchased an additional $30 million in Bitcoin (BTC), but the cryptocurrency's price remains largely unaffected. Here's a closer look at what's happening and the possible factors behind BTC's stagnant price action.

貝萊德（Blackrock）額外購買了3,000萬美元的比特幣（BTC），但加密貨幣的價格在很大程度上不受影響。仔細研究了發生的事情以及BTC停滯的價格行動背後的可能因素。

BlackRock's recent Bitcoin purchases have been a hot topic in the crypto space. The world's largest asset manager has been snapping up BTC since August 2022, and its latest purchase brings its total Bitcoin holdings to over $2.3 billion.

貝萊德（Blackrock）最近購買的比特幣購買一直是加密貨幣領域的熱門話題。自2022年8月以來，全球最大的資產經理一直在搶購BTC，其最新購買的總比特幣持有量超過23億美元。

BlackRock's entry into the crypto market is a significant endorsement of the digital asset class, and its continued purchases could help boost institutional demand for Bitcoin. Especially considering that BlackRock manages over $10 trillion in assets.

貝萊德（Blackrock）進入加密市場是對數字資產類別的重大認可，其持續購買可以幫助提高對比特幣的機構需求。特別是考慮到BlackRock管理著超過100萬億美元的資產。

After Surging 1,000% In 2023, This Crypto Could Rally Another 700% Past Key Resistance

在2023年飆升了1,000％之後，該加密貨幣可能會再次出現700％的鑰匙阻力

But despite BlackRock's buying spree, the Bitcoin price has shown a muted response. As of Monday morning, BTC's price trades at $102,600, showing a 0.2%-0.3% drop daily. In comparison, the cryptocurrency logged gains of up to 2% on the daily chart last week.

但是，儘管貝萊德（Blackrock）的購買狂潮，比特幣的價格表現出了柔和的反應。截至週一上午，BTC的價格交易價格為102,600美元，顯示每天下降0.2％-0.3％。相比之下，上週的每日圖表中的加密貨幣記錄了高達2％的收益。

Moreover, the 24-hour trading volume has also declined by 33%, and BTC's price now hovers around the lower support level. At the same time, it faces resistance at the 50-day moving average (DMA). Let's delve into the possible reasons behind Bitcoin's stagnant price.

此外，24小時交易量也下降了33％，而BTC的價格現在徘徊在較低的支持水平。同時，它在50天移動平均線（DMA）時面對阻力。讓我們深入研究比特幣停滯不前的可能原因。

5 Possible Reasons For Bitcoin's Stagnant Price In Sight, FOMC Meeting, a lack of bullish sentiment among investors, and many other factors could be contributing to Bitcoin's ongoing behavior. However, these barriers are likely temporary, as the power law model projects the token on a trajectory that could see the BTC price reaching $200K by 2025.

比特幣價格停滯不前的5個可能原因，FOMC會議，投資者缺乏看漲情緒，以及許多其他因素可能導致比特幣的持續行為。但是，這些障礙很可能是暫時的，因為Power Law模型在軌跡上投影了令牌，該軌跡可能會使BTC價格到2025年達到200萬美元。

1. FOMC Meeting And Lack Of Interest Rate Cut Hopes

1。FOMC會議和缺乏利率降低希望

The US Federal Open Market Committee (FOMC) is set to meet today to discuss interest rates. Usually, during such meetings, there's speculation about interest rate cuts, which helps generate bullish sentiment in the market.

美國聯邦公開市場委員會（FOMC）將今天開會，討論利率。通常，在此類會議期間，人們有人猜測降低利率，這有助於在市場上產生看漲的情緒。

However, this time around, the CME data indicates very low odds of an interest rate cut, which could be keeping the market participants subdued. Such macroeconomic events tend to influence the prices of digital assets and also impact investor sentiment.

但是，這一次，CME數據表明降低利率的機率非常低，這可能使市場參與者屈服。這種宏觀經濟事件傾向於影響數字資產的價格，也影響投資者的情緒。

2. Investors Lacking FOMO Sentiments

2。缺乏FOMO情感的投資者

A major factor that contributes to a token's rally is the presence of FOMO among investors, which indicates their excitement to join a bull run. It is also a key metric and is directly proportional to the UTXO (younger unspent transaction outputs) younger unspent transaction outputs (UTXOs) or the age of the last spent output in a transaction. This peaks during a bull run and has peaked in 2013, 23017, and 2021.

促成令牌集會的一個主要因素是投資者中FOMO的存在，這表明他們興奮地加入了公牛。它也是一個關鍵度量標準，與UTXO（年輕的未承諾交易輸出）成正比，年輕的未承諾交易輸出（UTXOS）或交易中最後一付的輸出的年齡。這在公牛奔跑期間達到頂峰，並在2013年，23017和2021年達到頂峰。

At present, the UTXOs are nowhere near their peak. Although it has been increasing, it has not reached the top, which indicates that the speculative frenzy needed for a sharp uptrend is missing, despite new participants entering the market.

目前，UTXOS遠遠不到其峰值。儘管它一直在增加，但尚未達到頂峰，這表明儘管有新的參與者進入市場，但仍缺少急劇上升趨勢的投機性瘋狂。

Moreover, long-term holders have been adding to their hodling, which helps sustain the consolidation trend.

此外，長期持有人一直在增加他們的雜物，這有助於維持整合趨勢。

3. New Holders' Low Bitcoin Holdings Impacting Price Trajectory

3。新持有人的低比特幣持有影響價格軌跡

Usually, a bulk of an investor's crypto holdings are acquired during the bull market, and such investors tend to sell their tokens early on during a bear market. Hence, the younger the coins in circulation, the higher the selling pressure.

通常，在牛市期間收購了大部分投資者的加密貨幣，這些投資者傾向於在熊市上儘早出售其代幣。因此，循環中的硬幣年輕，銷售壓力越高。

In this case, however, the younger coins, which changed hands less than 150 days ago, comprise only 26% of the total circulating supply, which is lower than the 35% during the 2021 bull market. This indicates that a majority of BTC's price gains are yet to come.

但是，在這種情況下，不到150天前易手的年輕硬幣僅佔循環總供應的26％，該供應量低於2021年牛市的35％。這表明BTC的大部分價格上漲尚未到來。

4. Macroeconomic Conditions And Institutional Investors In The Picture

4。圖片中的宏觀經濟狀況和機構投資者

Bitcoin has been touted as an inflation hedge, and such narratives have been doing the rounds since 2021. However, a recent study by Glassnode suggests that there's no correlation between the two.

比特幣一直被吹捧為通貨膨脹對沖，這些敘述自2021年以來一直在做巡迴賽。但是，GlassNode最近的一項研究表明，兩者之間沒有相關性。

This could be because the US inflation rates are calculated differently from the CPI, which is used to measure the cost of living. Hence, there's a possibility that BTC's performance could improve once the CPI rates begin to rise.

這可能是因為美國通貨膨脹率與CPI的計算率不同，CPI用於衡量生活成本。因此，一旦CPI率開始上升，BTC的性能可能會提高。

5. Bitcoin Fear And Greed Index In Fear Zone For Over 70 Days

5。恐懼區中的比特幣恐懼和貪婪指數超過70天

The Bitcoin Fear and Greed Index has been in the "Fear" zone for over 70 days now, and such an extended period of fear is usually followed by a market bottom. This could be a sign that the bear market is nearing its conclusion.

比特幣的恐懼和貪婪指數已經在“恐懼”區域中已有70天了，而且這種延長的恐懼通常緊隨其後的是市場底層。這可能表明熊市即將結論。