分析师突出显示关键比特币（BTC）成本基础区域

比特币开始显示新发现的迹象，在过去一周中，顶级数字资产飙升了近3.5％，交易范围为80,000美元

In the swirling vortex of the crypto market, especially in the ebullient bull market of the past year, new narratives and market drivers are constantly emerging. A recent CryptoQuant Quicktake post by contributor Crazzyblockk sheds light on key Bitcoin (BTC) cost basis zones that the flagship cryptocurrency must clear – or avoid breaking below – to sustain its bullish momentum.

在加密货币市场的漩涡涡流中，尤其是在过去一年狂热的牛市中，新的叙事和市场驱动因素一直在不断出现。撰稿人Crazzyblockk最近的一篇加密快速帖子阐明了旗舰加密货币必须清除（或避免在下面突破）以维持其看涨势头的关键比特币（BTC）成本基础区域。

Analyst Highlights Key Bitcoin Cost Basis Zones

分析师重点介绍关键比特币成本基础区域

Bitcoin price is beginning to show signs of newfound strength, with the top digital asset surging nearly 3.5% over the past week and trading in the high $80,000 range at the time of writing. BTC’s resilience amid the global equity market downturn has reignited discussions about the cryptocurrency’s potential to ‘decouple’ from traditional markets.

比特币的价格开始显示出新发现的迹象，在过去一周中，最高数字资产飙升了近3.5％，在撰写本文时，数字资产的交易范围为80,000美元。 BTC在全球股票市场下滑中的韧性重新激发了关于加密货币从传统市场“解散”潜力的讨论。

In a recent Quicktake post, CryptoQuant contributor Crazzyblockk broke down Bitcoin’s various cost basis zones and realized price cohorts to identify key resistance and support levels.

在最近的QuickTake帖子中，CryptoQuant贡献者Crazzyblockk打破了比特币的各种成本基础区域，并实现了价格同伙，以识别关键的阻力和支持水平。

The analyst noted that short-term holders – those who have held BTC for less than 155 days – currently have their realized price, or average cost, sitting at the $91,500 resistance level. Crazzyblockk added that this group tends to be the most price-sensitive.

分析师指出，短期持有人 - 那些持有BTC不到155天的人 - 目前的价格或平均成本为91,500美元，电阻水平为91,500美元。 Crazzyblockk补充说，这个群体往往是最敏感的。

On the other hand, the cost basis for new holders – those who have held the digital asset for one to three months – currently has its strongest support level around $83,700. The analyst pointed out that this level represents the cost basis of recent market participants, who often lead short-term trend changes.

另一方面，新持有人的成本基础 - 那些拥有数字资产一到三个月的人的成本基础 - 目前的支持水平最强，约为83,700美元。分析师指出，这一水平代表了最近的市场参与者的成本基础，他们经常会导致短期趋势变化。

To clarify, cost basis zones are price levels where a significant amount of BTC was last moved or acquired. A potential breakout above the short-term holders’ realized price would suggest new bullish momentum, as these holders would be back in profit and less likely to sell their holdings.

为了澄清，成本基础区域是上次移动或获得大量BTC的价格水平。超出短期持有人实现的价格的潜在突破将表明新的看涨势头，因为这些持有人会重新获得盈利，并且出售其持股的可能性较小。

Conversely, a break below the new holders’ cost basis support level could signal potential downside movement, as recent buyers might begin incurring losses and be forced to capitulate.

相反，低于新持有人的成本基础支持水平的突破可能标志着潜在的下行运动，因为最近的买家可能会开始造成损失并被迫屈服。

Notably, each cost basis line highlighted in the chart below is calculated based on the realized price of Unspent Transaction Outputs (UTXOs) held within a specific age band. Similarly, realized price is determined by dividing the total value of all UTXOs by the number of coins.

值得注意的是，以下图表中突出显示的每条成本基线是根据在特定年龄段内持有的未承诺交易输出（UTXO）的实现价格计算的。同样，实现价格是通过将所有UTXOS的总价值除以硬币数来确定的。

Are Investors Expecting Further Upside?

投资者期望有更多上涨空间吗？

Recent on-chain analysis suggests that BTC holders may be anticipating further upside. Short-term holders appear to be holding onto their BTC despite being in a loss position.

最近的链上分析表明，BTC持有人可能会预计会有进一步的上涨空间。尽管处于损失位置，但短期持有人似乎仍在保持其BTC。

Additionally, crypto exchange net flow data hints that a BTC price rally may be imminent. Some analysts are also drawing parallels to gold’s recent historic price action and predicting that ‘digital gold’ may soon experience similar momentum.

此外，加密货币交换净流数据暗示，BTC价格集会可能即将到来。一些分析师还与Gold最近的历史价格行动相似，并预测“ Digital Gold”可能很快会经历类似的势头。

That said, Bitcoin futures index sentiment is pointing toward rising pessimism surrounding BTC, driven by macroeconomic uncertainty. As of press time, BTC is trading at $88,759, up 1.7% in the last 24 hours.

也就是说，由宏观经济不确定性驱动，比特币期货指数的情绪指向BTC的悲观情绪上升。截至发稿时，BTC的交易价格为88,759美元，在过去24小时内增长了1.7％。