随着已实现上限触及历史水平，比特币（BTC）价格跌向先前支撑点

随着近期比特币价格的上涨，新老投资者开始对其长期潜力表现出坚定的信心。

Recent upswings in Bitcoin’s price have instilled robust confidence in its long-term potential among both old and new investors. This is evident in the increasing interest and accumulation of the digital asset as it approaches crucial resistance levels for its next major move.

最近比特币价格的上涨给新老投资者注入了对其长期潜力的坚定信心。随着数字资产接近下一个重大走势的关键阻力位，人们对数字资产的兴趣和积累不断增加，这一点就显而易见。

Bitcoin’s Realized Cap at Historical Highs

比特币的已实现上限处于历史高位

Despite the heightened volatility observed in the past few days, Bitcoin’s Realized Capitalization has risen significantly, reaching previous highs as noted by Alphractal, an advanced investment and on-chain data platform, sparking optimism among investors.

尽管过去几天波动加剧，但先进投资和链上数据平台 Alphractal 指出，比特币的已实现资本大幅上升，达到之前的高点，引发了投资者的乐观情绪。

Upon closer investigation, Alphractal noted that BTC’s realized cap has now reached the same resistance level last seen in 2019 and March 2024, indicating a similar price action. This realized cap surging to previous highs indicates the digital asset’s strength, suggesting a promising outlook for the crypto market.

经过更仔细的调查，Alphractal 指出，BTC 的已实现上限现已达到 2019 年和 2024 年 3 月的相同阻力位，表明价格走势类似。这一已实现的上限飙升至之前的高点表明了数字资产的实力，表明加密货币市场的前景光明。

Precisely, this is highlighted by the Long Term Realized Cap Impulse, which aims to provide insights into supply and demand dynamics by analyzing changes in realized capitalization over the long term. By focusing on longer time frames, the measure enables a better understanding of how long-term patterns influence price movements and market sentiment.

准确地说，长期已实现资本脉冲强调了这一点，该脉冲旨在通过分析长期已实现资本化的变化来深入了解供需动态。通过关注更长的时间范围，该指标可以更好地了解长期模式如何影响价格走势和市场情绪。

Moreover, it emphasizes the importance of large capital movements and helps identify trends that may be missed by short-term assessments. As a result, the long-term realized cap impulse offers a novel approach to analyzing demand from an on-chain perspective.

此外，它强调了大规模资本流动的重要性，并有助于识别短期评估可能错过的趋势。因此，长期实现的上限冲动提供了一种从链上角度分析需求的新颖方法。

Regarding the realized cap impulse indicator, the platform noted that this metric, which captures shorter-term fluctuations, shows that market enthusiasm has not yet materialized. With no enthusiasm in the market, this could either suggest that there is still potential for growth or that BTC’s moves have already been substantial over the past 12 months.

关于已实现上限脉冲指标，该平台指出，该指标捕捉短期波动，表明市场热情尚未实现。由于市场缺乏热情，这可能表明仍然存在增长潜力，也可能表明 BTC 在过去 12 个月中的走势已经很大。

Tracking this metric will be key in assessing market behavior and price performances in the ongoing bull cycle. This is because an increase in the measure points toward a more bullish and optimistic market outlook, while a decrease could negatively impact Bitcoin’s price.

跟踪这一指标将是评估当前牛市周期中的市场行为和价格表现的关键。这是因为该指标的上升表明市场前景更加看涨和乐观，而下降可能会对比特币的价格产生负面影响。

BTC’s Price Drops toward Previous Support Levels

BTC 的价格跌向之前的支撑位

Bitcoin experienced a slight rebound recently, coming close to the $100,000 price level after dropping as low as $92,800 on December 20. However, the crypto asset failed to maintain this upward momentum, falling back to previous support levels, such as the $96,000 mark.

比特币近期经历了小幅反弹，在 12 月 20 日跌至 92,800 美元后，价格接近 100,000 美元。然而，该加密货币资产未能保持这种上涨势头，回落至之前的支撑位，例如 96,000 美元大关。

Based on past trends, this drop might be part of a larger correction expected to unfold in the coming weeks. Many crypto analysts anticipate a 30% pullback, leading to a decline in BTC’s price to March 2024 highs.

根据过去的趋势，这次下跌可能是未来几周预计将出现的更大规模调整的一部分。许多加密货币分析师预计将出现 30% 的回调，导致 BTC 价格跌至 2024 年 3 月的高位。

As Bitcoin continues to lose steam, optimism seems to be slowly returning to the market. In the past 24 hours, BTC’s trading volume has increased by nearly 24%, indicating rising confidence in the asset.

随着比特币继续失去动力，乐观情绪似乎正在慢慢回归市场。在过去的24小时内，BTC的交易量增加了近24%，表明人们对该资产的信心不断增强。