根據鍊鍊數據

比特幣的供應牆在$ 95,400和98,200美元之間。在X上的一篇新帖子中，Intotheblock討論了各種BTC價格範圍如何在鏈上的抵抗和支持方面。

Market intelligence platform IntoTheBlock has revealed where the next major obstacle for Bitcoin could lie, according to on-chain data.

根據鏈數據，市場情報平台Intotheblock揭示了比特幣的下一個主要障礙可能位於何處。

In a new post on X, the crypto analytics firm discussed how the various BTC price ranges are looking in terms of on-chain resistance and support. In on-chain analysis, the strength of any support or resistance range is assumed to lie in the amount of supply that was last purchased/transacted by investors at price levels falling in said range.

在X上的一篇新帖子中，加密分析公司討論了各種BTC價格範圍如何在鏈上的抵抗和支持方面看起來。在鏈分析中，假定任何支撐或阻力範圍的強度在於投資者在上述價格水平下次購買/交易的供應量。

That is, strong support/resistance ranges carry the cost basis of a large number of addresses. The reason behind this is that to any investor, their break-even level is naturally a special level, so when retests of it happen, they are probable to make some kind of move.

也就是說，強大的支持/阻力範圍具有大量地址的成本基礎。背後的原因是，對於任何投資者來說，他們的收支平衡水平自然是一個特殊的水平，因此，當重新測試它時，他們很可能會採取某種行動。

Holders who were in loss prior to such a retest may be tempted to sell, as they would at least recoup all of their investment. Investors who were in profit, however, may decide to buy more instead, as they could believe the same acquisition level would end up paying off again in the future.

在重新測試之前遭受損失的持有者可能會很容易出售，因為他們至少會收回所有投資。但是，盈利的投資者可能會決定購買更多，因為他們可以相信將來同樣的收購水平最終會再次獲得回報。

Naturally, just a few investors showing this buying/selling would have no effects on the crypto’s price, so the range would need to contain the cost basis of a significant amount of addresses if it has to act as a resistance or support boundary.

自然，只有少數投資者向加密貨幣的價格沒有任何影響，因此，如果必須充當電阻或支持邊界，則該範圍將需要包含大量地址的成本基礎。

Now, here is the chart shared by the analytics firm, that shows how the Bitcoin supply is distributed at ranges around the current spot price:In the graph, the size of the dot correlates to the amount of coins that the investors purchased inside the corresponding range. It would appear that one range ahead of the current price particularly stands out in terms of the size of its dot: $95,400 to $98,200.

現在，這是分析公司共享的圖表，該圖表顯示了比特幣供應的分佈範圍圍繞當前價格的範圍：在圖中，DOT的大小與投資者在相應範圍內購買的硬幣數量相關。看來，就其點的大小而言，尤其是當前價格的一個範圍：95,400美元至98,200美元。

At these price levels, around 2.29 million addresses purchased a total of 1.66 million tokens. Given that the range is above the asset’s price at the moment, all of these investors would be in the red.

在這些價格水平上，約有229萬個地址購買了166萬個令牌。鑑於目前的範圍高於資產價格，所有這些投資者都將處於紅色狀態。

Bitcoin has recently gone through a rollercoaster where it plunged below $80,000 and recovered back above $90,000, all within the matter of a few days. As such, these underwater holders may be especially eager for the price to get back to their cost basis.

比特幣最近經歷了過山車，在幾天之內，它跌至80,000美元以下，恢復了90,000美元以上。因此，這些水下持有人可能特別渴望價格恢復其成本基礎。

“Fearful sentiment can trigger these holders to sell at break-even prices, thus providing resistance,” explained IntoTheBlock. It now remains to be seen whether demand would be enough to outpace these potential sellers, if BTC can rally far enough to retest this range.

Intotheblock解釋說：“令人恐懼的情緒可以觸發這些持有人以收支平衡的價格出售，從而提供抵抗。”現在，如果BTC能夠集結足以重新測試該範圍，那麼需求是否足以超過這些潛在的賣家，這還有待觀察。