比特币（BTC）攀升至8.5万美元以上，但交换流入引起了担忧

经过数周的销售压力和投资者焦虑，比特币开始显示出恢复的迹象。关键技术水平已被收回，整体市场情绪似乎正在转移

Bitcoin (BTC) price has begun to show signs of recovery in recent weeks, as the cryptocurrency faces persistent selling pressure and investor anxiety. Key technical levels have been reclaimed, and the overall market sentiment appears to be shifting from extreme fear to cautious hope.

比特币（BTC）的价格已经开始在最近几周内显示出恢复的迹象，因为加密货币面临着持续的销售压力和投资者的焦虑。关键的技术水平已被收回，整体市场情绪似乎正在从极端的恐惧转变为谨慎的希望。

As BTC now trades above the crucial $85,000 mark, bulls are slowly stepping back into the game. But they still face a significant hurdle: reclaiming $90,000 to confirm a full-scale recovery rally. This move will be critical, as it could determine whether Bitcoin continues to rise or plummet deeper into correction territory.

随着BTC现在的交易高于至关重要的$ 85,000大关，公牛队正在慢慢回到比赛中。但是他们仍然面临一个重大障碍：收回90,000美元以确认全面的恢复集会。这一举动将是至关重要的，因为它可以确定比特币是否继续升起还是更深地进入更正领域。

Despite the recent rebound, uncertainty remains. According to fresh on-chain data from Santiment, 5,186 BTC were just transferred to exchanges a few hours ago.

尽管最近有反弹，但仍然存在不确定性。根据Santiment的新鲜链上数据，几个小时前仅转移到5186 BTC。

This is a massive amount of coins, and historically, such large inflows to exchanges have often been followed by heightened volatility. Usually, when a large sum of coins is deposited to exchanges, it signals an increase in potential sell-side pressure.

这是大量的硬币，从历史上看，如此大量的交流流入通常会增加波动性。通常，当大量硬币沉积到交换中时，它表明潜在的卖方压力增加。

This movement could either trigger a brief pullback before a breakout or stall the current momentum if sellers overwhelm buyer demand. As the market watches for the next major move, the coming days will be critical for Bitcoin’s short-term trend. Reclaiming $90K would likely ignite a bullish push, while another rejection could shake investor confidence.

如果卖家压倒买家的需求，这项运动可能会在突破之前引发短暂的回调，或者停滞当前的动力。由于市场对下一步的重大行动保持警惕，未来几天对于比特币的短期趋势至关重要。收回$ 90K可能会激发看涨的推动力，而另一项拒绝可能会动摇投资者的信心。

Either way, the transfer activity and ongoing price battle suggest volatility is far from over.

无论哪种方式，转移活动和持续的价格战都表明波动远远没有结束。

Bitcoin Surpasses $85K as Exchange Inflows Arise

随着交换流入的出现，比特币超过$ 85K

Bitcoin price has quietly surged in recent days, reclaiming levels above $85,500 as bulls attempt to ignite a recovery rally. This movement comes after weeks of sideways trading and uncertainty that followed Bitcoin’s steep decline from its all-time high in January.

最近几天，比特币价格悄悄地飙升，由于公牛试图点燃恢复集会，因此收回了高于85,500美元的水平。这项运动是在比特币在一月份的历史最高水平下急剧下降之后进行了数周的侧向交易和不确定性之后进行的。

The broader crypto market has also been struggling, largely due to growing trade war fears and erratic economic policy decisions by U.S. President Donald Trump. These macroeconomic concerns have pushed investors into risk-off mode, adding pressure to both crypto and equities.

更广泛的加密货币市场也一直在挣扎，这主要是由于贸易战的恐惧和美国总统唐纳德·特朗普（Donald Trump）的不稳定的经济政策决定。这些宏观经济的关注使投资者陷入了风险模式，为加密和股票增加了压力。

While the latest price action offers hope for a potential rebound, sentiment remains cautious. Many analysts argue that Bitcoin may have already topped at $109K and is warning of a possible 6 to 12-month bear market.

尽管最新的价格动作为潜在的反弹带来了希望，但情绪仍然谨慎。许多分析人士认为，比特币可能已经以109k的价格高高了，并警告了可能的6到12个月的熊市。

Although Bitcoin’s bounce above $86K is a positive sign, the move lacks strong volume and conviction, which makes bulls vulnerable to renewed selling.

尽管比特币的反弹超过$ 86K是一个积极的迹象，但此举缺乏强劲的数量和信念，这使得公牛很容易受到新销售的影响。

Adding to the uncertainty, top analyst Ali Martinez shared on-chain data from Santiment revealing that 5,186 BTC were transferred to exchanges just hours ago. This is often seen as a bearish signal, suggesting that holders may be preparing to sell.

除了不确定性外，顶级分析师阿里·马丁内斯（Ali Martinez）共享了santiment的链上数据，发现仅数小时前就将5186个BTC转移到了交流中。这通常被视为看跌信号，表明持有人可能正在准备出售。

If these coins hit the market, it could dampen the ongoing recovery effort and reinforce bearish momentum.

如果这些硬币投放市场，它可能会削弱持续的恢复工作并增强看跌势头。

In the short term, Bitcoin must reclaim $90K to flip sentiment and confirm the start of a sustainable uptrend. Until then, exchange activity and macroeconomic headwinds will continue to drive price volatility.

在短期内，比特币必须收回$ 90K的票数以翻转情绪，并确认可持续性上升趋势的开始。在此之前，交换活动和宏观经济的逆风将继续推动价格波动。

BTC Price Faces Key Resistance at $88K

BTC价格面对8.8万美元的关键阻力

Bitcoin is currently trading at $87,400 after successfully pushing above both the 200-day moving average (MA) and exponential moving average (EMA), signaling short-term strength. Bulls are now attempting to reclaim the $88,000 level—a crucial resistance point that stands between the current range and a full recovery toward $90K.

在成功推动200天移动平均线（MA）和指数移动平均线（EMA）（信号短期强度）之后，比特币目前的交易价格为87,400美元。公牛现在正试图恢复88,000美元的水平，这是一个关键的阻力点，介于当前范围和完全恢复到9万美元之间。

If Bitcoin manages to break through and hold above $88K, a rally toward the $90K mark could follow swiftly, reinforcing bullish momentum and restoring confidence among market participants.

如果比特币设法突破并持有超过8.8万美元，那么朝着$ 90K的大关的集会可能会迅速遵循，增强了看涨的势头，并恢复了市场参与者的信心。

However, the challenge ahead is significant. The $88K–$90K zone remains heavily defended by sellers, and any sign of weakness could shift momentum back to the bears. The $85,500 level—where the 200-day MA and EMA currently sit—has now become critical support. Losing this level would invalidate the recent bullish push and expose BTC to a deeper retracement.

但是，即将面临的挑战是巨大的。售价为8.8千 - $ 90K的区域仍然受到卖家的严重防御，任何弱点的迹象都可能将动量转移到熊队。 $ 85,500的水平（目前为200天的MA和EMA）现在已成为关键的支持。失去这一水平将使最近的看涨推动力无效，并使BTC更深入地回撤。

Should price fall below $85,500, the next key area of support lies around the $80K mark. A breakdown below that threshold could trigger a sharp decline and reinforce fears of a prolonged correction. As traders monitor price action closely, the next few sessions could determine whether Bitcoin is preparing for a breakout—or bracing for a new wave of selling pressure.

如果价格低于$ 85,500，支持的下一个关键领域就在$ 80K大关左右。低于该阈值的故障可能会引发急剧下降，并加剧对长时间纠正的担忧。当交易者密切监视价格行动时，接下来的几个会议可以确定比特币是否正在为突破做准备，还是为新的销售压力做好准备。