比特币 (BTC) 徘徊在 ATH 下方，因为 LTH 在获利之前发出“信念”信号

随着比特币接近历史高点，比特币显示出持续看涨的迹象，即将到来的美国大选也加剧了市场的兴奋。

Bitcoin is on the verge of breaking its all-time high, and the market is feeling the euphoria as BTC approaches a pivotal point. Many are expecting a strong surge once BTC enters price discovery and moves into uncharted territory.

比特币正处于突破历史高点的边缘，随着比特币接近关键点，市场感到兴奋。许多人预计，一旦比特币进入价格发现阶段并进入未知领域，就会出现强劲飙升。

However, critical data from Glassnode reveals an interesting sentiment among long-term holders: despite the rally, they aren’t showing typical signs of greed. Instead, the BTC Net Unrealized Profit/Loss (NUPL) indicator signals “belief,” suggesting confidence in a sustained uptrend without the irrational exuberance often seen at market tops.

然而，Glassnode 的关键数据揭示了长期持有者的一种有趣的情绪：尽管价格上涨，但他们并没有表现出典型的贪婪迹象。相反，BTC 净未实现损益（NUPL）指标发出“信念”信号，表明对持续上涨趋势的信心，而不会出现市场顶部常见的非理性繁荣。

The next few days will be critical for Bitcoin, marking the most crucial moment in this cycle. A decisive break above its all-time high could set off a massive bull run, lifting the entire crypto market.

接下来的几天对比特币来说至关重要，标志着这个周期中最关键的时刻。决定性突破历史高点可能会引发大规模牛市，从而提振整个加密货币市场。

This phase would likely trigger increased demand from retail and institutional investors, fueling momentum for Bitcoin’s next major move. With the market poised at this critical juncture, all eyes are on BTC as it prepares to redefine new highs and potentially kickstart the next wave of the bull market.

这一阶段可能会引发散户和机构投资者的需求增加，从而推动比特币下一步重大走势的动力。随着市场正处于这个关键时刻，所有人的目光都集中在比特币身上，因为它准备重新定义新高，并有可能启动下一波牛市。

Bitcoin LTHs Want More Upside Before Taking Profits

比特币 LTH 在获利之前希望获得更多上涨空间

Bitcoin is exhibiting signs of a bullish continuation as it approaches its all-time highs, with the upcoming US election adding to the excitement in the market. Top analyst Ali has provided valuable insights based on data from Glassnode, highlighting that long-term BTC holders are not yet displaying signs of greed.

随着比特币接近历史高点，比特币显示出持续看涨的迹象，即将到来的美国大选也加剧了市场的兴奋。顶级分析师 Ali 根据 Glassnode 的数据提供了宝贵的见解，强调长期 BTC 持有者尚未表现出贪婪的迹象。

This sentiment is crucial as it indicates the market has not reached a euphoric state that typically precedes a market top.

这种情绪至关重要，因为它表明市场尚未达到通常在市场见顶之前的欣快状态。

Martinez presented the Bitcoin Net Unrealized Profit/Loss (NUPL) chart, which measures the total paper profits or losses investors hold. Currently, the NUPL indicator is situated in a belief–denial phase, suggesting that the market sentiment is cautious optimism rather than rampant speculation.

马丁内斯展示了比特币净未实现损益（NUPL）图表，该图表衡量投资者持有的账面利润或损失总额。目前，NUPL指标处于否认阶段，表明市场情绪是谨慎乐观，而不是猖獗的投机。

This indicates that many investors believe in Bitcoin’s potential for further growth but are not yet fully convinced that a top has been reached. This lack of greed can be interpreted as a positive sign, as it suggests that the current price levels may not yet reflect the full potential of Bitcoin’s upward trajectory.

这表明许多投资者相信比特币有进一步增长的潜力，但尚未完全相信比特币已经达到顶峰。这种缺乏贪婪可以被解释为一个积极的信号，因为它表明当前的价格水平可能尚未反映比特币上涨轨迹的全部潜力。

Given this data, the outlook for BTC remains bullish in the coming months. A decisive break above its previous all-time high would likely trigger a wave of buying interest, setting the stage for a significant bull run.

鉴于这些数据，未来几个月比特币的前景仍然看涨。决定性突破之前的历史高点可能会引发一波买盘兴趣，为大幅牛市奠定基础。

As the market anticipates these developments, Bitcoin’s ability to maintain its upward momentum while investor sentiment remains grounded will be key in determining the sustainability of this bullish trend. Investors are watching closely as BTC inches closer to this critical juncture, ready for the next chapter in its ongoing journey.

随着市场预期这些发展，比特币在投资者情绪保持稳定的情况下保持上涨势头的能力将是决定这一看涨趋势可持续性的关键。投资者正在密切关注 BTC 距离这一关键时刻的一步之遥，并为其持续旅程的下一章做好准备。

BTC About To Break ATH

BTC即将突破ATH

Bitcoin is holding strong above the $72,000 mark as it strives to break its all-time high at $73,794. The next few days are pivotal, with bullish sentiment prevailing among traders and investors who are optimistic about BTC’s price action. A surge into uncharted territory seems increasingly likely if BTC can maintain its position above the crucial $70,000 threshold.

比特币目前坚守在 72,000 美元大关上方，力争突破 73,794 美元的历史高点。接下来的几天至关重要，对 BTC 价格走势持乐观态度的交易者和投资者普遍看涨情绪。如果 BTC 能够将其地位维持在关键的 70,000 美元门槛之上，那么进入未知领域的可能性似乎越来越大。

However, the path to this breakout isn’t without risks. The potential for volatile price action remains, as BTC may need to explore lower demand levels to find liquidity before launching another upward move. Such a retracement could temporarily see prices dip below $70,000, but it would strengthen the bullish structure by allowing the asset to gather momentum for a sustained rally.

然而，这种突破之路并非没有风险。价格波动的可能性仍然存在，因为比特币可能需要探索较低的需求水平以找到流动性，然后再发起另一次上涨。这种回撤可能会导致价格暂时跌破 70,000 美元，但它将通过让资产积聚持续上涨的动力来强化看涨结构。

The market dynamics suggest that if BTC can consolidate above these key levels, a push beyond the previous all-time high could soon occur. Traders closely monitor price movements and are ready to capitalize on any signs of strength that may signal a new bullish phase for BTC. As the market evolves, caution and optimism will be crucial in navigating Bitcoin’s next moves.

市场动态表明，如果比特币能够在这些关键水平之上盘整，那么很快就会突破之前的历史高点。交易员密切关注价格走势，并准备利用任何可能预示着比特币新看涨阶段的走强迹象。随着市场的发展，谨慎和乐观对于引导比特币的下一步走势至关重要。