尽管最近的移动最近移动

虽然比特币最近的向上移动非常出色，但在看跌压力数周后，旗舰资产的上升趋势是短暂的

Bitcoin’s recent attempts to break above the $85,000 resistance band have met with limited success, leading to a slight pullback as the flagship asset’s uptrend appears to be fizzling out.

比特币最近试图超越85,000美元的电阻乐队取得了有限的成功，这导致了略微回调，因为旗舰资产的上升趋势似乎正在消失。

While the cryptocurrency encountered struggles with bearish pressure for several weeks, it managed to break free from the downward trend and test the crucial resistance zone. However, despite recent efforts, there was no sign of strong accumulation among investors, suggesting that the current rally might be nearing its peak.

尽管加密货币在几周内遇到了看跌压力的斗争，但它设法摆脱了向下趋势并测试关键阻力区。但是，尽管最近做出了努力，但投资者没有大量积累的迹象，这表明目前的集会可能接近其顶峰。

According to on-chain data platform Glassnode, in its latest analysis, signals indicate that there is still no significant shift in trend despite BTC’s attempt to move above the key resistance.

根据链链数据平台玻璃节点的说法，在其最新分析中，信号表明，尽管BTC试图超越关键阻力，但趋势仍未发生显着变化。

According to the latest data from on-chain analysis firm, Bitcoin’s Accumulation Trend Score remains low at 0.5, even as the cryptocurrency faces persistent sellers in the market.

根据链分析公司的最新数据，即使加密货币面对市场上的持续销售商，比特币的累积趋势得分仍然较低。

This measure, which tracks the overall activity of major market players in accumulating or distributing BTC, continues to signal that some investors are buying, but the overall trend indicates weak accumulation.

这项措施跟踪了主要市场参与者在积累或分发BTC方面的总体活动，它继续表明一些投资者正在购买，但总体趋势表明积累疲软。

The analysis platform further noted that the trend score has remained below the 0.5 point for the past 58 days, signaling a relative distribution period.

分析平台进一步指出，趋势得分在过去58天内一直低于0.5点，这表明相对分布周期。

The current streak of below-average accumulation is approaching the average length of distribution periods over a one-year time frame, indicating that it is still consistent with historical patterns.

当前的积累低于平均水平的条纹正在接近一年的时间范围内的平均分配时间长度，这表明它仍然与历史模式一致。

The on-chain analysis platform noted that the average duration of distribution phases and accumulation cycles over the last 1 year was 65 days and 57 days, respectively. Overall, BTC was in relative accumulation above the 0.5 point for 170 days and in relative distribution below 0.5 for about 196 days.

链分析平台指出，过去1年的平均分布阶段和积累周期的平均持续时间分别为65天和57天。总体而言，BTC的相对积累高于0.5点170天，相对分布低于0.5，约为196天。

Meanwhile, the periods of accumulation and distribution have alternated between 57 and 65 days. Given that the most current reading is at 0.9, the trend score shows that big entities are still in a net distribution regime and have not yet been confirmed that they are moving into accumulation. With whales and long-term investors showing less aggressive buying pressure, Bitcoin’s price could face an extended pullback to lower key support levels.

同时，积累和分布的周期在57至65天之间交替。鉴于最新的读数为0.9，因此趋势得分表明，大实体仍处于净分配制度，并且尚未确认它们正在积累。随着鲸鱼和长期投资者的积极购买压力，比特币的价格可能会延长到较低的钥匙支持水平。

BTC Short-Term Holders In A Fragile Position

BTC短期持有人处于脆弱的位置

Short-term BTC holders have also been driven to a precarious position as the price fluctuates. Prior to the sudden drop on Monday, BTC briefly recovered its Short-Term Holder Cost Basis, but it is currently trading slightly below the level.

随着价格的波动，短期BTC持有人也被驱逐到不稳定的立场。在周一突然下降之前，BTC短暂收回了其短期持有人的成本基础，但目前的交易略低于该水平。

However, according to Glassnode, Bitcoin’s short-term holder Market Value to Realized Value (MVRV) is at 0.00, indicating a 1% paper decrease. This shows that STHs are still in a fragile position since their profitability is close to breakeven.

但是，根据GlassNode的说法，比特币对已实现价值的短期持有人的市场价值（MVRV）为0.00，表明纸张降低了1％。这表明STH仍然处于脆弱的位置，因为他们的盈利能力接近盈亏平衡。

BTC’s short-term holder SOPR witnessed a decline during bearish price performances. The metric fell significantly below its quarterly median last week. However, it has since rebounded to its upper deviation band, which might signal renewed demand absorption and improve sentiment following a capitulation by short-term holders.

BTC的短期持有人SOPR在看跌价格表现期间见证了下降。该度量大大低于上周的季度中位数。但是，从那以后，它反弹到了其上偏差频段，这可能表明在短期持有人进行投降后，提高了需求的吸收并改善了情绪。