随着领先的加密货币将其头寸保持在85,000美元以上，比特币（BTC）的价格恢复继续

随着领先的加密货币将其位置高于85,00美元的位置，比特币的价格恢复继续，在过去的24小时内占了近4％的收益。

Bitcoin's price resurgence continues as the leading cryptocurrency maintains its position above the $85,000 mark, posting nearly 4% gains in the past 24 hours. This upward momentum comes amid shifting market dynamics, with long-term holders demonstrating remarkable conviction despite recent volatility.

随着领先的加密货币的地位高于85,000美元的位置，比特币的价格恢复继续，在过去的24小时内占了近4％的收益。这种向上的动力是在市场动态转移的情况下出现的，尽管最近波动性，但长期持有人仍然表现出了非凡的信念。

Bitcoin price analysis: Fed Decision Propels Bitcoin Toward $86,000 as Rate Cut Projections Remain Intact

比特币价格分析：FED决策将比特币推向86,000美元，因为降低预测仍然完好无损

Following the Federal Reserve's most recent policy meeting, where the central bank held interest rates within their existing target range of 4.25% to 4.5%, Bitcoin BTC/USD extended its surge toward $86,000. Cutting the monthly redemption cap on Treasury securities from $25 billion to just $5 billion, the Federal Open Market Committee (FOMC) declared intentions to greatly relax its quantitative tightening (QT) policy.

在美联储最近举行的政策会议之后，中央银行将利率在其现有目标范围内的4.25％至4.5％的范围内，比特币BTC/USD将其增长量扩大到86,000美元。联邦公开市场委员会（FOMC）宣布，将每月的赎回上限从250亿美元降低到仅50亿美元，宣布大大放松其定量紧缩（QT）政策。

Chair Jerome Powell's statement that the central bank still anticipates two interest rate reduction in 2025 matched market expectations, while the Fed reduced its view for economic growth and underlined continuous concerns about inflation. This posture seems to have calmed down investors in cryptocurrencies, which helps explain Bitcoin's favorable price movement.

主席杰罗姆·鲍威尔（Jerome Powell）的声明说，中央银行仍预计2025年的两次利率降低与市场的预期相匹配，而美联储则减少了对经济增长的看法，并强调了对通货膨胀的持续关注。这种姿势似乎使投资者平静了加密货币，这有助于解释比特币的价格转移。

These events also reflected strength in conventional markets; the S&P 500 gained 77 points throughout the session and the Dow Jones Industrial Average added 400 points.

这些事件还反映了传统市场的力量；标准普尔500指数在整个课程中获得了77分，道琼斯工业平均水平增加了400点。

BTC HODLers Signal Strong Conviction Despite Recent Volatility

尽管最近波动率

One unique feature of the present market cycle is the behavior of long-term holders (LTHs), defined as wallets containing Bitcoin for at least 155 days. Research from Glassnode indicates that these investors have kept significant Bitcoin holdings despite the corrective phase in which the currency saw prices drop to a four-month low of $76,600 on March 11.

当前市场周期的一个独特特征是长期持有人（LTH）的行为，该行为定义为包含比特币至少155天的钱包。 GlassNode的研究表明，尽管有纠正阶段，这些投资者仍保留了大量的比特币持有量，即货币价格锯，3月11日的货币价格下跌至四个月低点76,600美元。

"Long-Term Holder activity remains generally subdued, with a notable decline in their sell-side pressure," Glassnode said in their March 18 markets report. While the LTH supply has started to recover following several months of fall, the Binary Spending Indicator, which measures when LTHs are spending a notable percentage of their holdings, clearly shows a slowdown.

格拉斯诺德在3月18日的市场报告中说：“长期持有人的活动普遍屈服，其卖方压力显着下降。”虽然LTH供应在跌倒几个月后开始恢复，但二进制支出指标衡量了LTH的支出占其持股量的显着百分比，但显然显示出放缓的情况。

This trend contrasts with usual bull market peaks, which are sometimes defined by strong sell-side pressure and aggressive profit-taking among long-term investors. This cohort keeps a significant share of their gains despite the recent price pull-down, implying they might expect more price increase later on in the year.

这种趋势与通常的牛市峰形成对比，这些趋势有时是由卖方强大的压力和长期投资者的积极利润来定义的。尽管最近的价格下跌，但该队列仍保持了很大的收益，这意味着他们可能会预计今年晚些时候的价格会增加。

Glassnode came to the conclusion, "This interesting observation may indicate a more unique market dynamic moving forward."

GlassNode得出的结论是：“这种有趣的观察可能表明，更独特的市场动态发展。”

New Bitcoin Whales Reshape Market Through Aggressive Accumulation

新的比特币鲸通过积极的积累重塑市场

Another interesting development is seeing new "whale" investors change the scene for Bitcoin. Data from CryptoQuant shows that aggressively accumulating addresses holding at least 1,000 BTC, where each coin has an average acquisition age of less than six months.

另一个有趣的发展是看到新的“鲸鱼”投资者改变了比特币的场景。来自CryptoQuant的数据表明，积极积累至少1,000 BTC的地址，每个硬币的平均获取年龄少于六个月。

These new whales have accumulated over a million BTC since November 2024, and their rate of acquisition has accelerated most recently in recent weeks. "Positioning themselves as one of the most influential market participants," CryptoQuant researcher Onchained claims these entities amassed more than 200,000 BTC in a single month.

自2024年11月以来，这些新鲸鱼已经积累了超过100万BTC，最近几周，它们的收购率加速了。加密研究者on Chared声称，将自己定位为最具影响力的市场参与者之一，”这些实体在一个月内积累了超过200,000 BTC。

This continuous inflow of funds speaks to greater involvement among institutional and high-net-worth individuals, which may be offsetting some of the negative signals in the market.

这种持续的资金流入表明，机构和高净值个人之间的参与更大，这可能会抵消市场上一些负面信号。

Bitcoin's Transaction Activity Hits Concerning Lows

比特币的交易活动在低点方面打击

Despite price resiliency, on-chain statistics from IntoTheBlock indicate that Bitcoin's transaction count has dropped to its lowest level since October 2024, hence signifying a concerning slowdown in network activity.

尽管价格具有弹性，但来自Intotheblock的链链统计表明，比特币的交易数量已下降到2024年10月以来的最低水平，因此表示网络活动放缓。

Historically, decreasing transaction volume frequently indicates decreasing investor interest, which would make it difficult for Bitcoin to sustain price increases. Though a similar drop in October 2024 was accompanied by a surge in activity and price appreciation, the present decline in transactions has been more protracted, casting doubt on market momentum.

从历史上看，交易量的减少经常表明投资者的利息下降，这将使比特币难以维持价格上涨。尽管2024年10月的类似下降伴随着活动和价格升值的激增，但目前交易的下降却更加持久，对市场势头产生了怀疑。

BTC Mining Companies Adapt Strategies in Changing Market

BTC矿业公司适应不断变化的市场

Rather than selling their produced assets immediately, public mining businesses are increasingly employing long-term Bitcoin holding strategies. Prominent data center infrastructure provider Hive Digital has doubled down on this strategy; CFO Darcy Daubaras attests to the company's focus on "retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation."

公共采矿业务并没有立即出售其生产的资产，而是越来越多地采用长期的比特币持有策略。著名的数据中心基础设施提供商Hive Digital在此策略上缩小了一倍。首席财务官达西·多巴拉斯（Darcy Daubaras）证明了该公司的重点“保留其大部分采矿比特币，以从潜在的价格欣赏中受益”。

This method differs from the industry practice of largely financing operations on debt or equity diluting. In the last quarter of 2024, Hive increased its "hodl" position to 2,805 BTC, so highlighting growing trust among mining operations.

这种方法不同于在很大程度上融资债务或股本稀释的行业实践。在2024年的最后一个季度，Hive将其“ HODL”位置提高到了2,805 BTC，因此强调了采矿业务中日益增长的信任。

Many mining businesses are diversifying their business models to navigate the difficulties of unpredictable prices, increasing competition, and higher operating costs. Hive has expanded into artificial intelligence data centers, which pay about $2.00 an hour compared to just $0.12 for crypto mining. Similar pivots have been taken by other major firms including Core Scientific, Hut8, and Bit Digital.

许多采矿业务正在使其业务模式多样化，以应对不可预测的价格，增加竞争和更高的运营成本的困难。 Hive已扩展到人工智能数据中心，每小时的费用约为2.00美元，而加密矿业开采仅为0.12美元。其他主要公司也采用了类似的枢纽，包括核心科学，HUT8和BIT数字。

After the April

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