比特币（BTC）进入Q2 2025以看涨的势头，大型持有人加强了他们的购买狂潮

比特币（BTC）以看涨的动力进入了第二季度2025年，大型持有人加强了他们的购买狂。 BTC价格交易约84,000美元

Bitcoin (BTC) entered Q2 2025 with bullish momentum as large holders, also known as whales, intensified their buying spree. The cryptocurrency's price hovered around $84,000 on Apr. 18 despite macroeconomic concerns and weak U.S. manufacturing data. Analysts were now keeping an eye on $100,000 as the key psychological barrier.

比特币（BTC）以看涨的势头（也称为鲸鱼）进入了Q2 2025 Q2 2025，加剧了他们的购买狂潮。尽管有宏观经济问题和美国制造数据疲软，但加密货币的价格在4月18日盘旋了84,000美元。分析师现在关注100,000美元作为关键的心理障碍。

BTC Price Targets $100K as Whale Accumulation Surges

BTC价格目标$ 10万美元，鲸鱼的积累激增

Bitcoin whales were accumulating BTC at the fastest pace in years. According to Glassnode, large holders were absorbing over 300% of Bitcoin's yearly issuance. At the same time, exchanges were losing coins rapidly, with absorption rates falling below -200%.

比特币鲸以多年来最快的速度积累了BTC。根据GlassNode的说法，大型持有人吸收了比特币年度发行的300％以上。同时，交易所正在迅速失去硬币，吸收率降至-200％以下。

This behavior mirrored trends seen ahead of Bitcoin's 2020 rally. On-chain analyst Mignolet highlighted that the largest wallet cohorts, especially those holding more than 10,000 BTC, remained in strong accumulation territory.

这种行为反映了比特币2020年拉力赛之前看到的趋势。链链分析师Mignolet强调，最大的钱包队，尤其是那些拥有10,000多个BTC的人群，仍然存在于强大的积累领域中。

Their Trend Accumulation Score stood at 0.7, indicating sustained confidence.

他们的趋势积累评分为0.7，表明持续信心。

Meanwhile, smaller holders that had been selling earlier this year were stabilizing. Cohorts with 10-100 BTC and 1-10 BTC holdings saw their scores return to neutral.

同时，今年早些时候销售的较小持有人正在稳定。与10-100 BTC和1-10 BTC持有的队列的队列使他们的分数恢复到中立。

Falling Wedge Breakout Sets Stage for $100K BTC Price

Falled Wedge Breakout Sets Stage以10万美元的价格BTC价格

Bitcoin's recent breakout from a descending wedge pattern had reignited bullish hopes among traders.

比特币最近从下降的楔形模式中突破了贸易商的看涨希望。

The pattern formed over several months and compressed price action between two falling trendlines. BTC price broke above the upper trendline in mid-Apr. bulls now targeted a 23.7% rally from the breakout point. This placed the projected upside target near $105,000.

该模式在几个月内形成，并在两个下降趋势线之间压缩价格行动。 BTC的价格超过了Apr的上层趋势线。现在，公牛队以突破点的23.7％集会为目标。这使预计的上升空间目标接近105,000美元。

The setup resembled classic wedge breakouts where the price rally equaled the wedge height added to the breakout level. Based on this rule, the target stood at $101,570 to $105,000, depending on entry.

设置类似于经典的楔形突破，价格集会等于楔形高度为突破水平增加。基于此规则，根据入境，目标的价格为101,570至105,000美元。

The chart also showed Bitcoin struggling against key moving averages. The 50-day exponential moving average (EMA) sat at $85,329, while the 200-day EMA was at $85,006.

该图表还显示，比特币挣扎于关键移动平均值。 50天的指数移动平均线（EMA）为85,329美元，而200天EMA为85,006美元。

Both levels were pressing down on the price, which hovered around $84,495 on Apr. 18. Market analyst Scott Melker said that bulls needed to reclaim $88,804 to shift the structure back to bullish, and,

这两个级别都在压低价格，4月18日徘徊在84,495美元左右。市场分析师斯科特·梅尔克（Scott Melker）表示，公牛需要回收88,804美元才能将结构转移回看涨，并且

“The 200-day moving average remains overhead as resistance…Encouraging – but not convincing – yet.”

“ 200天的移动平均水平仍然是阻力……令人鼓舞的 - 但还没有说服力。”

Support lay near $74,000, where previous consolidation zones could offer a cushion. If bulls failed to follow through, Bitcoin could revisit that range before making another move.

支撑位接近74,000美元，以前的合并区可以提供垫子。如果公牛没有遵循，则比特币可以在采取另一步之前重新访问该范围。

The chart confirmed that momentum was building, but resistance remained firm. BTC's ability to break above $88,804 would likely determine the rest of Q2.

该图表证实了动力正在建立，但阻力仍然很坚定。 BTC超过$ 88,804的能力可能会决定其余的第二季度。

Retail Missing as Technical Breakout Unfolded

随着技术突破的展开而缺少零售业

Despite bullish signals, retail participation had yet to return. A crypto analyst Ali noted that past BTC tops coincided with a spike in retail activity.

尽管看涨信号，但零售参与尚未返回。一位加密分析师阿里（Ali）指出，过去的BTC顶峰恰逢零售活动的兴高采烈。

The move from $70,000 to $110,000 lacked that frenzy, echoing the late 2021 setup.

从70,000美元到110,000美元的转移缺乏疯狂的速度，这与2021年末设置相呼应。

However, technical analysts flagged a breakout from a falling wedge pattern on the daily BTC/USD chart.

但是，技术分析师在每日BTC/USD图表上从掉落的楔形图案中标记了一个突破。

The wedge-formed over multiple months, with price action compressing between two downward trendlines. The recent upside breakout now places Bitcoin's short-term target above $100,000.

楔形在多个月内成型，价格动作在两个下降趋势线之间压缩。最近的上升突破现在将比特币的短期目标置于100,000美元以上。

Using standard wedge projection techniques, traders measure the pattern's maximum height and add it to the breakout point.

使用标准的楔形投影技术，交易者测量了模式的最大高度，并将其添加到突破点。

This method implies a potential target of roughly $101,570 in the coming weeks, provided price holds above critical support levels.

这种方法意味着在接下来的几周内，潜在的目标约为101,570美元，前提是价格高于关键支持水平。

Federal Reserve Data Adds Short-Term Headwinds

美联储数据增加了短期逆风

On Apr. 17, the Philadelphia Federal Reserve Manufacturing Index reported the sharpest drop in activity since 2020.

4月17日，费城美联储制造指数报告说，自2020年以来活动的最高下降。

All indicators—new orders, shipments, and overall activity—turned negative.

所有指标（新订单，货物和整体活动）均为负面。

Felix Jauvin, a macro analyst at Blockworks, called the data a worst-case scenario for policymakers. "Economic activity is falling off a cliff, and prices are going up," he said.

Blockworks的宏分析师Felix Jauvin称数据为决策者最糟糕的情况。他说：“经济活动正在从悬崖上掉下来，价格上涨。”

Bitcoin, however, appeared more resilient to these macro shocks. Binance noted in an Apr. report that the asset held steady despite Trump's tariff announcements. The btc price dropped over 10% initially but recovered to trade flat.

但是，比特币似乎对这些宏观冲击更具弹性。 Binance在4月的一份报告中指出，尽管特朗普的关税宣布，但资产仍然稳定。 BTC价格最初下跌了10％以上，但恢复为贸易平坦。

Trump's Tariff Plans Weigh on Risk Appetite

特朗普的关税计划权衡风险食欲

U.S. President Donald Trump's proposed import tariffs are adding pressure on manufacturers. Although some levies were paused, the administration still plans sweeping duties on Chinese imports.

美国总统唐纳德·特朗普（Donald Trump）提议的进口关税正在增加制造商的压力。尽管有些征税被暂停，但政府仍计划对中国进口的税收付出庞大的职责。

The result has spooked risk assets. While the S&P 500 dropped nearly 7

结果使风险资产吓到了。而标准普尔500指数下降了近7