領先的硬幣比特幣過去幾週動盪不安

領先的硬幣比特幣過去幾週動盪不安，其價格麻煩促使許多短期投資者（通常被稱為“紙手”）退出市場。

Leading coin Bitcoin has had a turbulent past few weeks, with its price troubles prompting many short-term investors—often referred to as “paper hands”—to exit the market. However, amidst the price volatility, the coin’s long-term holders (LTHs) remain resolute and show no signs of backing down as they attempt to push BTC back above $85,000.

領先的硬幣比特幣過去幾週動盪不安，其價格麻煩促使許多短期投資者（通常被稱為“紙手”）退出市場。但是，在價格波動中，硬幣的長期持有人（LTHS）仍然堅定不移，並且在試圖將BTC推遲到85,000美元以上時沒有備份的跡象。

In a recent analysis, CryptoQuant analyst Burak Kesmeci assessed BTC’s Long-Term Holder Net Position Change (30d sum) and found that since April 6, the metric has turned positive, showing clear upward momentum. As a result, BTC has risen by approximately 12%.

在最近的分析中，加密分析師Burak Kesmeci評估了BTC的長期持有人淨位置變化（30d Sum），並發現自4月6日以來，該指標已變為正面，顯示出明顯的向上勢頭。結果，BTC增長了約12％。

This metric tracks the buying and selling behavior of LTHs (those who have held their assets for at least 155 days) to measure the shift in the number of coins held by these investors over a specific period. When its value is positive, it indicates that LTHs are not selling and remain optimistic about BTC’s future price performance. Conversely, when it turns negative, it suggests that these holders are selling or distributing their coins, often in response to market pressures, which is a bearish signal.

該指標跟踪了LTH的買賣行為（那些持有資產至少155天的人），以衡量這些投資者在特定時期內持有的硬幣數量的變化。當它的價值為正時，它表明LTH不出售，並且對BTC的未來價格績效保持樂觀。相反，當它變為負面時，它表明這些持有人通常是為了響應市場壓力而出售或分發硬幣，這是看跌信號。

LTHs Shift From Selling to Stack More Coins

lths從銷售轉變為堆疊更多硬幣

According to Kesmeci, BTC’s Long-Term Holder Net Position Change (30d sum) flipping positive is notable. This metric had remained below zero since October last week, signaling that LTHs were consistently selling their BTCs. The sellofs reached their lowest point on December 5, prompting a 32% dip in BTC’s price and marking the peak of a 6-month period of distribution by LTHs.

根據Kesmeci的說法，BTC的長期持有人淨位置變化（30d Sum）呈陽性。自上週10月以來，該指標一直保持在零以下，這表明LTHS一直在出售其BTC。賣出在12月5日達到了最低點，促使BTC的價格下降了32％，並標誌著LTHS分配了6個月的高峰。

However, this trend has changed since April 6. The metric now sits above zero and is in an uptrend. Speaking on what this means, Kemesci added:

但是，這種趨勢自4月6日以來發生了變化。該指標現在位於零以上，並且處於上升趨勢。在談到這意味著什麼時，Kemesci補充說：

“While it’s too early to say definitively, the growing positive momentum in this metric could be a sign that long-term conviction is returning to the market.”

“雖然現在說的還為時過早，但該指標中日益增長的積極勢頭可能表明長期定罪正在返回市場。”

Moreover, BTC’s funding rate has remained positive amid its price troubles, confirming the bullish outlook above. At press time, this is at 0.037%.

此外，由於價格麻煩，BTC的籌資率仍然是正面的，這證實了上述看漲的前景。發稿時，這是0.037％。

The funding rate is the periodic payment exchanged between long and short traders in perpetual futures markets. It is designed to keep the futures price close to the underlying asset’s spot price. When it is positive like this, long traders are paying short traders. This indicates a bullish market sentiment, as more traders are betting on BTC’s price to climb.

資金率是永久期貨市場中的長交易者和短交易者之間的定期付款。它旨在使期貨價格接近基礎資產的現貨價格。當這樣積極時，漫長的交易者正在向短交易者支付。這表明了看漲的市場情緒，因為越來越多的貿易商押注BTC的攀升。

BTC Price Analysis: Next Levels In Sight

BTC價格分析：視線下的下一個級別

The surge in accumulation from BTC LTHs has pushed the coin’s price above the key resistance at $81,863. At press time, the king coin trades at $83,665.

BTC LTHS的積累激增將硬幣的價格提高到了關鍵阻力高於81,863美元。發稿時，國王硬幣的交易價格為83,665美元。

As the market responds to these sustained buying pressures from LTHs, the coin’s price may be primed for a significant rally in the near future. If retail traders follow suit and increase their coin demand, BTC could break above $85,000 to reach $87,730.

當市場對LTHS的這些持續購買壓力做出反應時，硬幣的價格可能會在不久的將來進行重大集會。如果零售商人效仿並增加了硬幣需求，BTC可能會損失85,000美元以上，達到87,730美元。

However, if the accumulation trend ends and these LTHs begin to sell for gains, BTC could resume its decline, fall below $81,863, and drop toward $74,389.

但是，如果積累趨勢結束並且這些LTHS開始以銷售收益出售，BTC可以恢復其下降，低於81,863美元，並跌至74,389美元。