比特币（BTC）牛市随着损失的硬币返回而接近关键时刻，$ 97.1k是沙滩上的界限

比特币（BTC）的牛市正在进入一个关键的关头，迹象表明，一个主要的转折点可能会临近。

As Bitcoin continues its bull run, reaching new all-time highs, several on-chain indicators are hinting at the next steps in this rally.

随着比特币继续进行公牛跑步，达到了新的历史最高点，几个链上的指标暗示了这次集会的下一步。

One key aspect to watch is the movement of lost coins, which could signal a turning point in the market.

要注意的一个关键方面是丢失硬币的运动，这可能标志着市场上的转折点。

Here's a closer look at these indicators and what they might indicate for Bitcoin.

这是对这些指标及其对比特币的指示。

Lost coins and their role in market cycles

丢失硬币及其在市场周期中的作用

The term "lost coins" refers to BTC that has remained dormant for years, typically held by early investors or large-scale鲸鱼 who either lost track of their assets or chose not to move them.

“丢失硬币”一词是指在多年来一直处于休眠状态的BTC，通常由早期投资者或大规模鲸鱼鲸鱼失去资产或选择不移动它们的大规模。

When these coins begin to move again, it usually indicates that long-term holders might be preparing to either take profits or adjust their positions.

当这些硬币再次开始移动时，通常表明长期持有人可能正在准备拿利润或调整其头寸。

According to crypto jargon, these coins are considered "lost" because they haven't been touched in a very long time — usually several years or more.

根据Crypto术语的说法，这些硬币被认为是“丢失”的，因为它们已经很长时间了，通常是几年或更长时间。

Historically, the reactivation of lost coins has coincided with major bullish phases, suggesting a potential shift toward the final leg of the bull run.

从历史上看，丢失的硬币的重新激活与主要看涨阶段相吻合，这表明向公牛跑步的最后一站有潜在的转变。

This phenomenon is evident in the data, which shows how lost coins are becoming active once again, a behavior that has consistently aligned with Bitcoin's most explosive price runs.

这种现象在数据中很明显，该现象表明了丢失的硬币如何再次变得活跃，这种行为一直与比特币最爆炸性的价格运行保持一致。

Over the past several months, Bitcoin's price has continued to climb, pushing toward new all-time highs. However, as observed in previous cycles, the final phase of a bull market is often accompanied by heightened volatility.

在过去的几个月中，比特币的价格继续上涨，推向了新的历史高潮。但是，正如先前的周期中所观察到的那样，牛市的最后阶段通常伴随着增强的波动性。

If previously inactive BTC holders begin selling in large volumes, this could introduce short-term downward pressure before the market resumes its upward trajectory.

如果以前不活跃的BTC持有人开始大量销售，那么这可能会在市场恢复其上升轨迹之前引入短期下降压力。

A crucial support level: $97,190 and its significance

关键支持水平：$ 97,190及其意义

Crypto analyst Ali Martinez recently highlighted a crucial support level for Bitcoin, indicating that on-chain data reveals a massive cluster of BTC holdings at this key price.

加密分析师阿里·马丁内斯（Ali Martinez）最近强调了比特币的关键支持水平，表明链上的数据显示了以这种关键价格的大量BTC持有量。

According to the data, approximately 1.45 million addresses acquired BTC at prices ranging from $95,772 to $98,719, with a total volume of 138k BTC.

根据数据，大约有145万个地址为BTC收购的价格从95,772美元到98,719美元不等，总卷为138K BTC。

If Bitcoin manages to remain above this zone, the uptrend is likely to continue, as these holders are unlikely to sell at a loss, thus maintaining support at these levels.

如果比特币设法保持在该区域之上，则可能会继续上升，因为这些持有人不太可能损失出售，从而在这些水平上保持支持。

However, if BTC breaks below this level, it could trigger a wave of selling pressure from these investors, leading to a steeper correction.

但是，如果BTC突破此水平，它可能会引发这些投资者的销售压力，从而导致更陡峭的纠正。

This makes $97,190 a psychological and technical level to watch in the coming weeks.

这使得$ 97,190在接下来的几周内成为心理和技术水平。

A closer look at Bitcoin's price chart reveals that BTC has been in a strong uptrend, with higher highs and lows on the price chart.

仔细观察比特币的价格图表明，BTC一直处于强劲上升趋势，价格表上有更高的高潮和低点。

At press time, the king coin was trading at $100,733, encountering minor resistance in the $104,000–$108,000 range.

发稿时，国王硬币的交易价格为100,733美元，在104,000美元至108,000美元的范围内遇到了次要阻力。

A clear breakout above these levels could lead to a new price discovery phase, with BTC potentially targeting $120,000 and beyond.

高于这些水平的明显突破可能会导致新的价格发现阶段，而BTC可能针对120,000美元及以后。

On the other hand, if Bitcoin struggles to break resistance and loses momentum, we could see a short-term pullback toward $97,190. A break below this level might test lower support zones around $92,000 and $88,000, where large buying interest exists.

另一方面，如果比特币努力打破阻力和失去动力，我们可能会看到短期回调的价格为97,190美元。低于此水平的休息可能会测试较低的支撑区，约为92,000美元和88,000美元，那里存在很大的购买利息。

For now, all eyes are on Bitcoin's price action as the market decides its next move.

目前，由于市场决定下一步行动，所有人的目光都关注比特币的价格行动。