尽管最近陷入困境，比特币（BTC）可能正在为另一次短期反弹做好准备

十月上半月即将结束，尽管人们对 Uptober 抱有很高的期望，但结果却相反。

Despite recent difficulties in maintaining bullish momentum, Bitcoin might be setting up for another short-term rally. The first half of October is almost over, and while there were high expectations for Uptober, the outcome was contrarian.

尽管最近在维持看涨势头方面遇到困难，但比特币可能正在为另一次短期反弹做好准备。 10月上半月已经接近尾声，虽然人们对Uptober抱有很高的期望，但结果却是相反的。

The fact that Bitcoin extended its downside this week and even dipped below $60,000 may have further crushed any bullish October expectations. However, a recent CryptoQuant analysis suggests that a strong bullish outcome is still possible in the short term and may have already begun.

事实上，比特币本周扩大了下行空间，甚至跌破 60,000 美元，这一事实可能进一步粉碎了 10 月份的看涨预期。然而，最近的 CryptoQuant 分析表明，短期内仍有可能出现强劲的看涨结果，并且可能已经开始。

The analysis showed that Bitcoin is currently in an accumulation phase, as indicated by the Coinbase Premium Gap metric. According to the analysis, whenever the BTC Coinbase premium dropped below -50, a surge in accumulation followed.

分析表明，正如 Coinbase 溢价差距指标所示，比特币目前处于积累阶段。根据分析，每当 BTC Coinbase 溢价跌破 -50 时，增持就会随之激增。

The Bitcoin Coinbase premium gap recently dipped significantly below -100. So, does this also indicate a large amount of accumulation?

比特币 Coinbase 溢价差距最近大幅降至 -100 以下。那么，这是否也预示着大量的积累呢？

Demand is outpacing sell pressure at lower price points

在较低的价格点上，需求超过了抛售压力

Bitcoin’s price action so far this week aligns with the analysis.

本周迄今为止，比特币的价格走势与分析相符。

The cryptocurrency was trading at $63,667, at press time, after bouncing back by over 6% from its weekly low on Thursday. The strong rebound confirmed high demand at and below the $60,000 price range.

截至发稿时，该加密货币的交易价格为 63,667 美元，较周四的周低点反弹超过 6%。强劲的反弹证实了 60,000 美元及以下价格范围的高需求。

Source: TradingView

来源：TradingView

It is also worth noting here that strong bullish momentum returned after the price retested the 0.5 and 0.618 Fibonacci range, based on its lowest and highest price levels in September.

这里还值得注意的是，在价格重新测试基于 9 月份最低和最高价格水平的 0.5 和 0.618 斐波那契区间后，强劲的看涨势头回归。

This suggests that there is a high probability of accumulation/demand returning after retesting this zone.

这表明在重新测试该区域后，积累/需求返回的可能性很高。

The gap between exchange inflows and outflows widened following the dip below $60,000. Notably, Bitcoin exchange outflows were higher at 3156 BTC in the last 24 hours, compared to 1972 BTC during the same period. This seemed to confirm that there was more buy pressure than sell pressure.

在跌破 60,000 美元后，外汇流入和流出之间的差距扩大。值得注意的是，过去 24 小时内比特币交易流出量高达 3156 BTC，而同期为 1972 BTC。这似乎证实了买入压力大于卖出压力。

Source: Cryptoquant

来源：Cryptoquant

On-chain data also highlighted significant whale activity during the week.

链上数据还突显了本周鲸鱼的大量活动。

We observed a rise in large holder flows over the week, with inflows peaking at 8,590 BTC on 10 October. This was significantly higher than large holder outflows, which peaked at 7,960 BTC during the same period.

我们观察到本周大户流量有所增加，流入量在 10 月 10 日达到峰值 8,590 BTC。这明显高于同期大户流出量的峰值 7,960 BTC。

Source: IntoTheBlock

来源：IntoTheBlock

Since then, large holder flows have cooled slightly. However, inflows still outpaced outflows, indicating a net increase in whale liquidity.

此后，大型持有人流量略有降温。然而，流入量仍然超过流出量，表明鲸鱼流动性净增加。

These findings, taken together, suggest that Bitcoin may be preparing for another leg up. It is unclear, however, whether the current momentum will extend beyond the short term. For the time being, the recent rebound confirms that sub-$60,000 prices may still be considered a good discount.

这些发现综合起来表明，比特币可能正在为另一次上涨做好准备。然而，目前尚不清楚当前的势头是否会持续到短期之外。目前，最近的反弹证实了 60,000 美元以下的价格可能仍然被认为是一个不错的折扣。