投资者关注新的 ATH，比特币 (BTC) 价格暗示吸筹

随着投资者关注新的历史高点，比特币（BTC）的价格走势暗示着积累。

Bitcoin (BTC) price dropped sharply on Jan. 7 after setting a new all-time high at $102,180 on Jan. 6. The sudden price decline occurred as traders expected BTC to retest the $100,000 level, which it failed to do on its first attempt.

比特币 (BTC) 价格在 1 月 6 日创下历史新高 102,180 美元后，于 1 月 7 日大幅下跌。价格突然下跌是因为交易员预计 BTC 将重新测试 100,000 美元水平，但第一次尝试未能成功。

Despite the short-term BTC drawdowns, major exchanges continued to observe significant investor activity, hinting at a bullish urgency among traders.

尽管比特币出现短期下跌，但主要交易所继续观察到大量投资者活动，暗示交易员看涨的紧迫性。

Bitcoin investors on Binance hint at accumulation

币安上的比特币投资者暗示正在积累

Burak Kesmeci, a verified analyst at CryptoQuant, highlighted that the 14-day simple moving average (SMA14), which tracks Binance’s net flow, has turned negative. As illustrated in the chart, each time the SMA14 has turned negative, BTC has exhibited a bullish shift in the charts.

CryptoQuant 的认证分析师 Burak Kesmeci 强调，跟踪币安网净流量的 14 天简单移动平均线 (SMA14) 已转为负值。如图所示，每当 SMA14 转为负值时，BTC 就会在图表中表现出看涨的转变。

Bitcoin exchange netflow on Binance. Source: CryptoQuant

币安上的比特币交易净流量。来源：CryptoQuant

Furthermore, Bitcoin outflows on Binance reached 5,407 BTC, the highest amount over the past month. In line with the developments, the analyst noted:

此外，币安上的比特币流出量达到 5,407 BTC，为过去一个月的最高金额。根据事态发展，分析师指出：

“Each time the Binance netflow 14SMA (simple moving average) turns negative, we've seen bullish moves in BTC. Also, the net outflows from Binance are at their highest in the past month (5,407 BTC).”

“每次币安净流量 14SMA（简单移动平均线）变为负值时，我们都会看到 BTC 的看涨走势。此外，币安的净流出量达到了过去一个月的最高水平（5,407 BTC）。”

In cohesion with Binance traders, US retail investors also indicated a revival of buying pressure after the Coinbase premium index turned positive in 2025. The index also moved above the SMA14, a strong bullish signal. Previously, when the index crossed above the SMA14 line, BTC moved from $69,000 to $108,000 in Q4 2024.

与币安交易员一致，美国散户投资者也表示，在 Coinbase 溢价指数于 2025 年转正后，买盘压力再次出现。该指数也升至 SMA14 上方，这是一个强烈的看涨信号。此前，当该指数突破 SMA14 线时，BTC 在 2024 年第四季度从 69,000 美元升至 108,000 美元。

Related: Bitcoin gurus see these BTC price levels hitting next as $100K holds

相关：比特币专家认为 BTC 价格水平将达到 10 万美元

Bitcoin should hold $98,000 to hit new ATHs

比特币应持有 98,000 美元才能达到新的最高点

The Bitcoin community’s $100,000 celebration was cut short as BTC nullified its previous day’s returns. Nevertheless, from a technical perspective, it does not invalidate the bullish market structure.

由于 BTC 抵消了前一天的回报，比特币社区的 100,000 美元庆祝活动被缩短。尽管如此，从技术角度来看，这并没有使牛市结构失效。

Bitcoin 4-hour chart. Source: Cointelegraph/TradingViewAs illustrated in the chart, Bitcoin's current move from above $102,000 to under $98,000 is between liquidity pools. Liquidity pools are areas where traders place their positions, such as limit orders, sell orders, stop losses and take profits. Hence, the price often oscillates between these regions.

比特币 4 小时图。来源：Cointelegraph/TradingView 如图所示，比特币当前从 102,000 美元以上跌至 98,000 美元以下是在流动性池之间进行的。流动性池是交易者放置头寸的区域，例如限价单、卖单、止损和获利。因此，价格经常在这些地区之间波动。

BTC’s rise above $99,000 on Jan. 6, cleared the equal highs (EQ) created on Dec. 21 and 26. Sellers sold their positions around the supply zone later on, leading to the current price decline.

BTC 于 1 月 6 日升至 99,000 美元以上，清除了 12 月 21 日和 26 日创造的同等高点（EQ）。卖家随后在供应区附近抛售头寸，导致当前价格下跌。

Considering the same market behavior, BTC could clear the equal lows around $97,377 and $96,700 before bouncing from the order block at $96,700.

考虑到相同的市场行为，比特币可能会清除 97,377 美元和 96,700 美元附近的同等低点，然后从 96,700 美元的订单区域反弹。

Thus, a daily close above $97,000–$98,000 would allow Bitcoin to retain its bullish structure.

因此，日收盘价高于 97,000 美元至 98,000 美元将使比特币保持其看涨结构。

Michael van de Poppe, founder of MNCapital, highlighted a similar price level for retesting after BTC exceeded $100,000 over the first week of 2025. The analyst noted:

MNCapital 创始人 Michael van de Poppe 强调，在 BTC 在 2025 年第一周突破 10 万美元后，需要重新测试类似的价格水平。分析师指出：

“After crossing $100K in the first week of the year, Bitcoin is now retesting the crucial zone around $97K-$98K. A bounce here will lead to continuation towards new all-time highs.”

“在今年第一周突破 10 万美元之后，比特币现在正在重新测试 9.7 万美元至 9.8 万美元左右的关键区域。这里的反弹将导致继续创出新的历史高点。”

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文仅供一般信息参考，无意也不应被视为法律或投资建议。这里表达的观点、想法和意见仅代表作者个人观点，并不一定反映或代表Cointelegraph的观点和意见。