儘管最近的價格更正，但鏈上指標表明比特幣（BTC）正在進入不對稱需求的區域

幾個月前，比特幣（BTC）在其歷史最高售價接近109,000美元之後，仍處於合併階段。儘管最近的價格更正了，有些

Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some on-chain market indicators suggest a structural supply shortage could be developing, potentially setting the stage for another bullish move in the coming days or weeks.

幾個月前，比特幣（BTC）在其歷史最高售價接近109,000美元之後，仍處於合併階段。儘管最近的價格更正了，但一些鏈上市場指標表明可能正在發展結構性供應短缺，有可能為未來幾天或幾週內的另一次看漲行動奠定基礎。

Major crypto market analysts are pointing to decreasing Bitcoin inflows onto exchanges as a key factor to watch. They are also highlighting critical support levels that, if held, could push the leading digital asset back above $90,000 soon.

主要加密市場分析師指出，將比特幣流入交換為關鍵因素。他們還強調了關鍵的支持水平，如果持有，則可能很快將領先的數字資產推遲到90,000美元以上。

Is Bitcoin Selling Pressure Declining?

比特幣銷售壓力下降嗎？

CryptoQuant verified author Axel Adler reports that average Bitcoin selling pressure across top exchanges has declined sharply. He noted how daily outflows dropped sharply from a peak of 81,000 BTC down to just 29,000 BTC per day over a measured period.

加密驗證的作者阿克塞爾·阿德勒（Axel Adler）報告說，跨頂級交流的平均比特幣銷售壓力急劇下降。他指出，每天流出的峰值從81,000 BTC的峰值下降到每天僅29,000 BTC的峰值下降。

This sharp drop in the amount of Bitcoin moving onto exchanges suggests that fewer investors are transferring BTC to platforms where it could be readily sold. This trend would likely reduce overall immediate selling pressure on the market.

遷移到交易所的比特幣數量的急劇下降表明，較少的投資者將BTC轉移到了很容易出售的平台上。這種趨勢可能會減少總體立即銷售市場的壓力。

Adler describes this market state as potentially entering a “zone of asymmetric demand.” His view suggests that most sellers largely exited near recent price highs, while current buyers appear comfortable holding or accumulating within the present consolidation range. However, Adler also noted that the April-May timeframe could remain a period of consolidation before Bitcoin experiences its next major price impulse.

阿德勒（Adler）將這個市場狀態描述為可能進入“不對稱需求區域”。他的觀點表明，大多數銷售商在最近的價格高點附近退出，而目前的買家在當前合併範圍內似乎舒適地持有或累積。但是，阿德勒還指出，在比特幣經歷其下一個主要價格衝動之前，四月至5月的時間範圍可能會保持合併。

Adler shared a chart illustrating that significant exchange inflows have historically coincided with sharp price drops for Bitcoin in previous cycles. Conversely, decreasing inflows often suggest periods of price stabilization or potential recovery phases developing.

阿德勒（Adler）分享了一張圖表，說明了大量的交換流入與以前的周期中比特幣的急劇價格下跌相吻合。相反，下降的流入通常表明價格穩定或潛在的恢復階段正在發展。

As of late March 2025, Bitcoin’s price has fluctuated mainly within the $80,000–$85,000 range. The seven-day moving average (SMA) of exchange inflows continues trending downward, further supporting the idea that immediate selling pressure is currently fading.

截至2025年3月下旬，比特幣的價格主要在80,000至85,000美元的範圍內波動。交換流入的7天移動平均線（SMA）繼續向下趨勢，進一步支持了目前立即銷售壓力正在逐漸消失的想法。

Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows

相關：比特幣和以太坊ETF顯示資本流的對比趨勢

What Are Bitcoin’s Key Support Levels?

比特幣的主要支持水平是多少？

Analyst Ali Martinez previously noted that below the $80,000 price level, Bitcoin faces an “air gap.” In his technical view, this means minimal to no support exists until the $70,000 area.

分析師阿里·馬丁內斯（Ali Martinez）此前指出，比特幣低於80,000美元的價格水平，面臨“氣隙”。從他的技術角度來看，這意味著直到70,000美元的地區之前，不存在最小的支持。

Below $80,000, #Bitcoin $BTC faces an air gap! There’s little to no support until $70,000. pic.twitter.com/22HQNTctJ1

低於$ 80,000，#bitcoin $ btc面臨氣隙！直到70,000美元，幾乎沒有支持。 pic.twitter.com/22HQNTCTJ1

He also noted critical support levels for BTC based on specific pricing band indicators shown on his charts. These include levels near $76,180, $58,080, $43,740, and $39,980.

他還根據圖表上顯示的特定定價帶指標指出了BTC的關鍵支持水平。其中包括接近$ 76,180，$ 58,080，$ 43,740和$ 39,980的水平。

What is Bitcoin’s Current Price Action?

比特幣目前的價格行動是什麼？

At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows of $81,300 shortly after Strategy Inc. announced a new crypto purchase.

在撰寫本文時（4月1日初），BTC的交易價格接近$ 83,410。在過去的24小時內，這在過去的24小時中的增長約為2％，此前戰略公司宣布了新的加密貨幣購買後不久的81,300美元的反彈。

However, the price has so far failed to claim the 20-day Exponential Moving Average (EMA), currently situated near $84,824. This moving average now acts as immediate overhead resistance. If Bitcoin fails to break this resistance level soon, it may face renewed downward pressure toward the key support levels identified previously.

但是，到目前為止，價格未能要求為20天的指數移動平均線（EMA），目前定為84,824美元。現在，這個移動平均線是立即的高架阻力。如果比特幣未能盡快打破這種阻力水平，則可能面臨著對先前確定的關鍵支撐水平的下降壓力。