比特币（BTC）价格的性能很有趣

比特币的价格在2025年到目前为止的表现都有趣，从本年开始，一直持续到新的历史最高水平。但是，旗舰加密货币在本年度的第一季度完成了，其价值的15％以上在这三个月内削减了。

As the year 2025 began, the price of Bitcoin soared to new all-time highs. However, by the end of the first quarter, the flagship cryptocurrency had seen more than 15% of its value wiped out over those three months.

随着2025年的开始，比特币的价格飙升至新历史最高点。但是，到第一季度末，旗舰加密货币在这三个月中已经消除了其价值的15％以上。

While the BTC price seems to be stabilizing within a consolidation range, the outlook isn’t entirely positive for the world’s largest cryptocurrency. This explains why several short-term investors are getting discouraged and consequently leaving the market.

尽管BTC价格似乎在整合范围内稳定，但对于世界上最大的加密货币而言，前景并不是完全积极的。这解释了为什么几个短期投资者灰心并因此离开市场。

Is Bitcoin About To Go Up?

比特币要上升吗？

In a new post on the X platform, one on-chain analyst, known by the pseudonym Darkfost, revealed that a certain category of Bitcoin holders has been selling their assets at a loss. According to the crypto expert, these selloffs are occurring at a rate not seen since the FTX collapse.

在X平台上的一篇新帖子中，一位以化名Darkfost知道的链链分析师透露，某些类别的比特币持有人已经亏本出售其资产。根据加密专家的说法，这些抛售是以自FTX崩溃以来未见的速度发生的。

This on-chain observation is based on a substantial decline in the Profit/Loss Margin, which measures the profitability of investors by comparing their purchase price to the current price of a cryptocurrency. This metric provides an indication of whether the market is in a state of unrealized profit or loss.

这种链上的观察基于利润/损失利润率的大幅下降，该链利润率大幅下降，该链通过将投资者的购买价格与加密货币的当前价格进行比较来衡量投资者的盈利能力。该指标提供了市场是否处于未实现的损益状态的状态。

Specifically, Darkfost’s analysis concentrates on Bitcoin investors who have been holding BTC for periods ranging from one to three months (also known as short-term holders). These traders are regarded as the most responsive class of holders, a trait that is evident in their recent activity.

具体而言，DarkFost的分析集中在比特币投资者身上，这些投资者持有BTC的期限为1到三个月（也称为短期持有人）。这些交易者被认为是最反应迅速的持有人，这是他们最近活动中明显的特征。

According to Darkfost, BTC short-term holders have been dumping their coins at a loss since early February. These realized losses have now reached levels last seen during the FTX bankruptcy and are even greater than the losses recorded during the 2024 price pullback.

根据DarkFost的说法，自2月初以来，BTC短期持有人一直在倾倒硬币。这些已实现的损失现在已经达到了FTX破产期间最后一次看到的水平，甚至比2024年价格下降期间记录的损失还要大。

Typically, large-scale realization of losses by the Bitcoin short-term holders has been followed by substantial upward price movements, especially when long-term holders continue to accumulate. Therefore, the persistence of this trend suggests that long-term investors will be mopping up the coins from weak hands in anticipation of the next bullish jump.

通常，比特币短期持有人对损失的大规模实现，之后是大量向上的价格变动，尤其是当长期持有人继续积累时。因此，这一趋势的持久性表明，长期投资者将在下一个看涨的跳跃中从虚弱的手中擦干硬币。

BTC Price Brief

BTC价格简介

At the time of writing, the price of BTC is hovering around the $83,700 mark, showing no significant change in the past 24 hours. According to data from CoinGecko, the market leader has seen a 1% increase over the last seven days.

在撰写本文时，BTC的价格徘徊在83,700美元左右，在过去的24小时中没有显着变化。根据Coingecko的数据，在过去的七天中，市场领导者增长了1％。