公司比特幣購買命中率創紀錄的水平

全球投資者對比特幣充滿熱情，但企業購買者尤其表現出這種興趣。隨著價格降低，對比特幣的不斷擴展的興趣無法提高其市場價值。

Investors around the world are showing enthusiasm for Bitcoin, especially corporate buyers. The rising interest in Bitcoin fails to increase its market value as prices decrease. A new peak in public company Bitcoin acquisition occurred during Q1 of 2025, though cryptocurrency prices have remained decreasing. High levels of corporate Bitcoin buying generate market demand but fail to drive price increases within the Bitcoin market.

全世界的投資者都表現出對比特幣，尤其是公司買家的熱情。隨著價格下降，對比特幣的興趣不斷上升不會增加其市場價值。在2025年第1季度期間，上市公司比特幣採集的新峰值發生了新的高峰，儘管加密貨幣價格仍在下降。高水平的公司比特幣購買產生了市場需求，但無法推動比特幣市場的價格上漲。

Corporate Bitcoin Buying Hits Record Levels

公司比特幣購買命中率創紀錄的水平

The market saw unexpected levels of corporate Bitcoin buying at the beginning of 2025. Public companies buying 91,781 Bitcoin for their balance sheets from January through March displayed the growing confidence of these enterprises in Bitcoin’s future worth. The company purchase surge mainly came from MicroStrategy buying 81,785 BTC for $8 billion and Tether spending 8,888 BTC. Two additional companies, Metaplanet and Semler Scientific, made significant Bitcoin acquisitions for their businesses.

市場在2025年初就看到了公司比特幣的意外水平。從一月到3月，購買91,781比特幣的資產負債表的上市公司表明，這些企業對比特幣的未來價值越來越有信心。公司購買的潮流主要來自Microstrategy，以80億美元的價格購買了81,785 BTC，而係繩支出為8,888 BTC。 Metaplanet和Semler Scientific的另外兩家公司為其業務進行了大量的比特幣收購。

The extended development of corporate investments in Bitcoin has not produced positive changes in the Bitcoin price value. At press time, Bitcoin price has dropped by more than 8% since the beginning of the month while experiencing a 20% decline from its January 2025 peak of $109,000. The price remains in decline even though business entities express optimism.

公司投資在比特幣的擴展發展並未產生比特幣價格價值的積極變化。在發稿時，自本月初以來，比特幣價格下跌了8％以上，同時從2025年1月的峰值降低了209,000美元的下降。即使業務實體表達樂觀，價格仍在下降。

Selling Pressure from Long-Term Holders and Bitcoin ETFs

出售長期持有人和比特幣ETF的壓力

Bitcoin price has fallen due to the sustained reduction in supply caused by long-term holder asset sales. According to CryptoQuant, Bitcoin long-term holders conducted about 178,000 BTC transactions in Q1 of 2025, dramatically increasing the amount of crypto sold in the market. The market experienced supply-demand inequality when long-term investors withdrew their Bitcoin positions while corporate entities increased their shares.

由於長期持有人資產銷售引起的供應量持續下降，比特幣價格下跌。據加密Quant稱，比特幣長期持有人在2025年第1季度進行了約178,000輛BTC交易，這大大增加了市場上出售的加密貨幣量。當長期投資者撤回其比特幣頭寸而企業實體增加其股份時，市場經歷了供求不平等。

Image 1- Bitcoin ETF- Drawdown from ATH, published on CryptoQuant on April 3, 2025

圖片1-來自ATH的比特幣ETF- drabdown，於2025年4月3日在加密量上出版

The Bitcoin ETFs experienced massive cash withdrawals of about $4.8 billion during this period. The high outflow activity allegedly intensified the Bitcoin selloff even when businesses were stocking up on the king coin. The combination of corporate buying pressure and long-term selling pressures has destabilized Bitcoin price, leading to price volatility in the market.

在此期間，比特幣ETF經歷了大量現金提取約48億美元。據稱，即使企業在國王硬幣上存放，高流出活動也加劇了比特幣的拋售。公司購買壓力和長期銷售壓力的結合使比特幣價格穩定，從而導致了市場價格波動。

Key Support Levels and Future Outlook

關鍵支持水平和未來前景

Bitcoin maintains an optimistic position for medium-long-term performance despite facing immediate hurdles. According to BorisVest from CryptoQuant, Bitcoin approaches an essential support region, reaching between $65,000 and $71,000. The Bitcoin support level originates from the Active Realized Price and True Market Mean Price data. New demand from institutional investors and long-term holders will likely enter Bitcoin when its price hits this support zone, as they view decreased values as accumulation potential.

儘管面臨立即的障礙，但比特幣仍保持中長期表現的樂觀位置。根據CryptoQuant的BoriSvest的說法，比特幣接近一個基本的支持區域，達到65,000美元至71,000美元。比特幣支持水平源自主動實現的價格和真實的市場平均價格數據。機構投資者和長期持有人的新需求可能會進入比特幣，因為它們的價格達到了該支持區，因為他們將下降的價值視為累積潛力。

Image 2- Bitcoin Market Dynamics and Price, published on CryptoQuant on April 3, 2025

圖片2-比特幣市場動態和價格，於2025年4月3日在加密量上發布

The Bitcoin support levels between $65,000 and $71,000 may become an excellent platform that propels Bitcoin toward future price growth, provided institutional withdrawals and ETF-related sales decrease. The market fundamentals supporting Bitcoin remain solid because some traders exit positions and others strategically wait to invest.

比特幣支持水平在65,000美元至71,000美元之間，可能會成為一個極好的平台，可以將比特幣朝著未來的價格增長，提供機構提款和與ETF相關的銷售額下降。支持比特幣的市場基本面仍然穩固，因為一些交易者退出職位，而其他人則在戰略上等待投資。

Conclusion: Bitcoin’s Future Amid Corporate Buying and Selling Pressure

結論：在公司買賣壓力的情況下，比特幣的未來

Corporate entities bought Bitcoin in its most considerable amount, but it did not stop Bitcoin’s price from dropping. Significant market pressure observed by Bitcoin stems from long-term investors reducing their holdings, and Bitcoin ETF withdrawals are driving the price downward. The price will recover if Bitcoin support levels remain intact, coupled with increased trading volume. Bitcoin retains its position due to institutional and corporate faith, which will preserve its role within the financial sector.

公司實體以最大的數量購買了比特幣，但並沒有阻止比特幣的價格下跌。比特幣觀察到的巨大市場壓力源於長期投資者減少其持股量，而比特幣ETF提款則推動了價格下降。如果比特幣支持水平保持完整，再加上增加的交易量，價格將恢復。比特幣由於機構和公司信仰而保留其立場，這將保留其在金融部門中的作用。

The Bitcoin market involves numerous competing variables that affect its movements. The ongoing corporate purchasing activities could drive Bitcoin prices upward if long-term holders decide to hold onto their assets during the next several months despite current market selling conditions.

比特幣市場涉及許多影響其運動的競爭變量。如果長期持有人決定在接下來的幾個月中持有其資產，儘管當前的市場銷售條件，但正在進行的公司採購活動可能會推動比特幣價格上漲。