比特币（BTC）市值见证了波动率的激增

在周一的崩溃中，加密货币市场见证了比特币的长期拒绝所证明的波动率激增。

The cryptocurrency market experienced a surge in volatility on Monday, evidenced by the long-wick rejection in Bitcoin. The market uncertainty can be attributed to the global market downturn and ongoing tariff war.

周一的加密货币市场在周一的波动率激增，这证明了比特币中的长期拒绝。市场不确定性可以归因于全球市场的低迷和持续的关税战争。

However, the latest on-chain data shows a chunk of the BTC circulating supply has turned into losses, signaling a potential pivot zone for this asset.

但是，最新的链上数据显示，BTC循环供应的一部分已变成损失，这表明该资产的潜在枢轴区域。

On-Chain Data Reveals Over 5.1M BTC in Loss—Echoes of 2024

链上数据揭示了超过510万BTC的损失 - 2024年的回声

On April 7th, the Bitcoin price experienced a significant intraday sell-off, which plunged the asset to a 5-month low of $74,345. The bearish momentum escalated as nations like China and the European Commission imposed retaliatory tariffs on a range of U.S. goods.

4月7日，比特币价格经历了大量的盘中抛售，该资产将资产跌至5个月低点74,345美元。随着中国和欧洲委员会等国家对一系列美国商品的报复性关税，看涨的势头升级。

Amid this downturn, approximately 5,124,348 BTC, or 25.8% of the circulating supply, has entered a state of unrealized loss, According to CryptoQuant analysis, the BTC investor witnessed a similar instance in 2024, while a significant portion of the supply was underwater.

在这种低迷的情况下，大约5,124,348 BTC（占循环供应量的25.8％）已经进入了未实现的损失状态，根据隐式分析，BTC投资者在2024年见证了类似的实例，而供应的很大一部分是在下面的。

On January 22, around 24.1% of the supply—or 4.72 million BTC—was in the red. July 6 saw 22.4% (5.13M BTC), followed by a sharper rise on August 5 with 27.5% (5.43M BTC), and September 6 marked the peak, with 29.9% (5.90M BTC) of the supply in the loss.

1月22日，大约24.1％的供应量（或472万BTC）是红色的。 7月6日的22.4％（513万BTC）随后在8月5日的增长幅度为27.5％（543万BTC），而9月6日标记为峰值，损失的供应量为29.9％（590万BTC）。

Interestingly, these low levels have coincided with a market cooldown and accumulation phase rather than a bearish downturn. If history repeats, the Bitcoin price could seek support near the ongoing trading value before a bullish turnaround.

有趣的是，这些低水平与市场冷却和积累阶段相吻合，而不是看跌的低迷。如果历史重复，比特币价格可能会在看涨的周转前的持续交易价值附近寻求支持。

Bitcoin Price Eyes $100,000 Amid Channel Pattern Formation

比特币价格眼睛$ 100,000在频道模式形成中

Despite the intraday sell-off, the Bitcoin price showed notable resilience and bounced back to $79,800. The renewed buying pressure followed a slight relief rally in market sentiment as around 70 countries have reached out to President Trump to negotiate new trade deals.

尽管有盘中抛售，但比特币的价格表现出显着的弹性，并弹回79,800美元。由于大约有70个国家与特朗普总统谈判新的贸易协议，因此重新购买压力在市场情绪中略有缓解。

If the bullish reversal gains momentum, the BTC price could gain 4.6% to challenge the resistance trendline falling wedge pattern. Since January 2025, the pattern’s two downtrend lines have guided the price with dynamic resistance as support, creating a crucial pivot floor for investors.

如果看涨逆转的势头，BTC的价格可能会上涨4.6％，以挑战阻力趋势趋势下降的楔形模式。自2025年1月以来，该模式的两条下降线以动态阻力作为支持指导价格，从而为投资者创造了关键的枢轴地板。

Thus, a potential breakout will signal a change in market dynamics and an accelerated market buying pressure for $100,000.

因此，潜在的突破将表明市场动态的变化，并以100,000美元的价格加速市场购买压力。

On the contrary, if sellers continue to defend the overhead trendline, the coin price will prolong the current downtrend.

相反，如果卖方继续捍卫高架趋势线，则硬币价格将延长当前的下降趋势。