关键的链链数据显示，比特币（BTC）持有人不会出售，因为价格努力寻找短期方向

比特币目前的交易低于$ 10万美元，目光却没有明确的趋势。经过激烈的波动，公牛上周末失去了控制

Bitcoin price analysis shows BTC struggling to break above $100K, remaining range-bound.

比特币的价格分析表明，BTC努力挣脱超过$ 100k，剩余的范围有限。

As Bitcoin price consolidates below all-time highs, key on-chain data reveals a crucial trend among BTC holders. Top analyst Axel Adler shared insights highlighting that since Bitcoin reached $28K, address activity has dropped into negative territory. This means that the majority of BTC holders are reducing sell-side pressure and limiting major downside risk.

随着比特币价格巩固以下水平低下，关键的链链数据揭示了BTC持有人的关键趋势。顶级分析师阿克塞尔·阿德勒（Axel Adler）共享了见解，强调了，由于比特币达到28K美元，地址活动已下降到负地区。这意味着大多数BTC持有人正在减轻卖方压力，并限制了主要的下行风险。

Bitcoin has been consolidating below its all-time high since late December, with only a brief breakout attempt in mid-January that failed to trigger price discovery. Despite high expectations for BTC returns at the beginning of the year, the market has been trapped in a range.

自12月下旬以来，比特币一直在其历史最高水平以下，仅在1月中旬进行了短暂的突破尝试，但未能触发价格发现。尽管在今年年初对BTC回报的期望很高，但市场仍被困住。

The lack of momentum above $100K has raised concerns about whether BTC will continue its historic bull cycle or if the market is entering a prolonged consolidation phase.

超过$ 10万美元的动力缺乏对BTC是否将继续其历史性的牛周期或市场进入延长整合阶段的担忧。

Top analyst Axel Adler shared key insights on X, highlighting a critical trend that could shape Bitcoin’s price trajectory. Adler points out that something has changed in this cycle compared to previous bull markets. With fewer coins being moved or sold, supply is tightening at a faster rate, potentially setting the stage for an eventual supply squeeze.

顶级分析师阿克塞尔·阿德勒（Axel Adler）在X上分享了关键见解，突出了一个关键趋势，可以影响比特币的价格轨迹。阿德勒指出，与以前的牛市相比，这个周期中发生了变化。随着硬币的移动或出售，供应速度更快地收紧，有可能为最终的供应压缩奠定基础。