比特币[BTC]交换流出峰值，超过20,000 BTC迁移到市场

在过去的96小时中，超过21,000比特币[BTC]已转移到交换中，这标志着交换储备中的巨大尖峰。

Over the past 96 hours, over 21,000 Bitcoin (BTC) have been transferred to exchanges, resulting in a substantial spike in exchange reserves.

在过去的96小时中，超过21,000比特币（BTC）已转移到交易所，导致了交换储量的大量峰值。

Historically, such massive inflows of Bitcoin to exchanges are often associated with increased sell-side pressure, especially as traders tend to anticipate local tops or market reversals.

从历史上看，这种大量比特币向交流的流入通常与卖方压力增加有关，尤其是当交易员倾向于预测当地上衣或市场逆转时。

Bitcoin has been trading relatively flat around the $83,700 level as it struggles to gain momentum following a recent dip. As the market closely observes whether these inflows will trigger a correction or if bullish forces will prevail.

比特币的交易相对平稳，因为它在最近的下降后努力获得势头，因此比特币的交易量相对较高。由于市场紧密观察到这些流入是否会引发纠正措施，还是看涨的力量将占上风。

What’s Bitcoin preparing for?

比特币准备什么？

On the 4-hour chart, Bitcoin appeared to be forming a textbook cup and handle pattern, which traditionally signals a potential continuation of the previous uptrend.

在4小时的图表上，比特币似乎形成了教科书杯和手柄图案，传统上标志着先前上升趋势的潜在延续。

BTC price today is $85,138.04 up 1.02% in 24 hours.

今天的BTC价格为$ 85,138.04在24小时内上涨1.02％。

The neckline of the pattern sat at the $88,860 level—a key resistance zone that must be cleared to confirm a breakout.

该图案的领口坐在$ 88,860的水平上，这是一个必须清除以确认突破的关键阻力区。

A decisive move above this level could trigger a wave of buying pressure, potentially opening the path toward new highs for Bitcoin.

高于此水平的决定性举动可能会触发购买压力的一波，有可能为比特币的新高点打开道路。

However, the pattern has yet to complete, and the handle portion remains sensitive to broader market sentiment.

但是，该模式尚未完成，手柄部分仍然对更广泛的市场情绪敏感。

If bulls fail to build enough momentum, Bitcoin could pull back toward the $81,535 support level, which has proven resilient in previous dips.

如果公牛无法建立足够的势头，比特币可以向后返回81,535美元的支持水平，这在先前的下降中已被证明具有弹性。

(Image: TradingView)

（图片：TradingView）

Is momentum weakening?

动量削弱了吗？

Market sentiment showed no clear direction at press time, with bulls and bears perfectly matched at 130 each over the past seven days.

市场情绪在发稿时没有明确的方向，在过去的七天中，公牛和熊队的匹配为130。

This equilibrium indicated deep uncertainty in the market, where any minor event could tip the scales sharply.

这种均衡表明市场上的不确定性深度不确定性，任何次要事件都可以急剧尖锐。

At the same time, Bitcoin’s network activity has dropped significantly, approaching the historic lows seen in 2018 and 2021.

同时，比特币的网络活动显着下降，接近2018年和2021年的历史低谷。

A decline in on-chain engagement often reflects reduced user demand and weaker market participation. However, renewed volume or institutional buying could quickly reverse this decline.

链上参与度的下降通常反映出用户需求减少和市场参与较弱。但是，更新的数量或机构购买可能会迅速扭转这一下降。

(Image: CryptoQuant)

（图片：加密量）

Whale buying intensifies

鲸鱼购买加剧

Despite the rising exchange reserves, whales and institutions appear to be accumulating BTC aggressively.

尽管交换储量增加，但鲸鱼和机构似乎正在积极积累BTC。

Wallets holding over 10,000 BTC have increased their holdings, pushing the accumulation score close to 0.6, according to Glassnode. This score, which ranges from 0 to 1, measures the rate at which large investors are buying and holding onto their coins.

根据GlassNode的数据，持有超过10,000 BTC的钱包增加了其持股，将积累得分接近0.6。该分数范围从0到1，衡量了大型投资者购买和持有硬币的利率。

Moreover, Tether has acquired $750 million worth of BTC in 2025, now holding over 100,000 BTC valued at $8.5 billion.

此外，Tether在2025年收购了价值7.5亿美元的BTC，现在持有超过100,000 BTC，价值85亿美元。

Instit

研究所