比特币（BTC）的价格显示了本月更正后稳定的迹象

比特币在本月较早的更正后显示出稳定的迹象，资产降至低至74,000美元。

Bitcoin (BTC) has shown signs of stabilization in recent trading, following an earlier correction that saw the asset fall to as low as $74,000 this month.

比特币（BTC）在最近的交易中显示出稳定的迹象，此前进行了较早的更正，该资产本月的资产下降到低至74,000美元。

Over the past week, Bitcoin has rebounded strongly, gaining nearly 10% and trading above $84,000. This upward movement has reignited optimism among investors, although some analysts remain cautious about calling this a definitive trend reversal.

在过去的一周中，比特币的反弹强劲，增长了近10％，交易超过84,000美元。这种向上的移动使投资者的乐观情绪重新激发了，尽管一些分析师仍然谨慎地将其称为明确的趋势逆转。

Apparent Demand Shows Recovery, But Trend Reversal Uncertain

明显的需求显示恢复，但趋势逆转不确定

According to recent on-chain data, the current recovery in BTC may be linked to improving demand indicators. However, it is suggested that the broader market structure still needs to confirm whether this bounce reflects a sustainable rally or is merely a temporary pause in the ongoing correction.

根据最近的链上数据，BTC中当前的回收率可能与改善需求指标有关。但是，建议更广泛的市场结构仍然需要确认这种反弹是否反映了可持续的集会，还是仅仅是持续纠正中的暂时停顿。

CryptoQuant contributor Kripto Mevsimi particularly drew attention to Bitcoin’s Apparent Demand metric, specifically the 30-day sum, which has started to rebound from negative territory.

加密贡献者Kripto Mevsimi特别引起了比特币明显的需求指标，特别是30天的总和，该指标已开始从负面领域反弹。

This trend is being observed as a potential sign of changing market dynamics. However, Mevsimi warns against assuming this is the start of a new bullish cycle, drawing parallels to Bitcoin’s behavior during the latter part of the 2021 cycle.

这种趋势被视为改变市场动态的潜在迹象。但是，Mevsimi警告不要假设这是一个新的看涨周期的开始，在2021年周期的后半部分中与比特币的行为相似。

During that period, demand remained suppressed for an extended timeframe, even as prices temporarily recovered. Only after a long consolidation phase did the market experience a genuine structural shift.

在此期间，即使价格暂时收回，需求仍被压制。只有在漫长的整合阶段之后，市场才经历了真正的结构性转变。

Mevsimi highlights that although momentum may be improving, more time and confirmation are necessary before a macro-level trend reversal can be confirmed.

Mevsimi强调，尽管动量可能正在改善，但在确认宏观趋势逆转之前，需要更多的时间和确认。

Bitcoin Short-Term Holder Selling Pressure Declines on Binance

比特币短期持有人出售压力下降了二手

Another market signal worth watching comes from Binance, one of the largest crypto exchanges by trading volume. CryptoQuant analyst Darkfost reports that inflows of Bitcoin from short-term holders (STHs) to Binance have been steadily decreasing, suggesting a decline in immediate selling pressure.

值得一看的另一个市场信号来自Binance，这是交易量最大的加密货币交易所之一。隐秘分析师DarkFost报告称，从短期持有人（STH）到二手币的比特币流入一直在稳步下降，这表明立即销售压力的下降。

The data indicates that average realized prices for STHs currently hover around $92,800, meaning many recent sellers have exited at a loss.

数据表明，目前悬停在92,800美元左右的STH的平均实现价格，这意味着许多近期卖家已经退出了亏损。

Darkfost notes that inflows from STHs dropped from approximately 17,000 BTC in November to around 9,000 BTC more recently. This downtrend in selling could provide some support for Bitcoin’s current price levels.

DarkFost指出，STH的流入从11月的大约17,000 BTC下降到了大约9,000 BTC。销售的这种下降趋势可以为比特币目前的价格水平提供一些支持。

Still, the analyst emphasizes the need for continued monitoring to determine if this reduction in selling pressure persists. The easing of short-term holder activity could reduce overhead resistance and contribute to market stability, but confirmation of accumulation or a broader bullish phase remains elusive.

尽管如此，分析师仍强调需要继续监视以确定销售压力的这种降低是否仍然存在。缓解短期持有人活动的放松可以降低间接费用的抵抗力并有助于市场稳定性，但是确认积累或更广泛的看涨阶段仍然难以捉摸。

STH selling pressure declining on Binance

STH卖压力下降了binance

Tracking BTC inflows on Binance is a useful way to visualize potential selling pressure, as the exchange handles large trading volumes.

跟踪BTC流入对融资是一种可视化潜在销售压力的有用方法，因为交换会处理大型交易量。

Short Term Holders have been under considerable stress recently, with many ending up selling at a loss.

短期持有人最近受到了很大的压力，许多人最终销售损失。

As of late, we can observe a decrease in STH inflows to Binance.

迄今为止，我们可以观察到STH流入到二元的下降。

This suggests that the immediate selling pressure might be easing a bit.

这表明即时销售压力可能会有所缓解。

Average realized prices for STHs are currently around $92,800, indicating that many recent sellers have realized losses.

目前，STH的平均实现价格约为92,800美元，这表明许多近期卖家已经意识到了损失。

As of November, average STH inflow was around 17,000 BTC, while recently it dropped to about 9,000 BTC.

截至11月，平均STH流入量约为17,000 BTC，而最近下降到约9,000 BTC。

This downtrend in selling could support the current Bitcoin price action.

销售的下降趋势可以支持当前的比特币价格行动。

However, it's still too early to confirm any trend reversal on a macro level, as more time and confirmation are needed.

但是，由于需要更多的时间和确认，现在要在宏观水平上确认任何趋势逆转还为时过早。

It will be interesting to see if this reduction in selling pressure persists and if it could be linked to the recent price bounce.

有趣的是，销售压力的降低是否持续存在，以及是否可以与最近的价格反弹有关。

The decrease in short-term holder activity could help reduce overhead resistance and contribute to market stability. But it's important to remember that this doesn't necessarily confirm any accumulation or broader bullish phase.

短期持有人活动的减少可以帮助降低间接费用的抵抗力并有助于市场稳定。但是，重要的是要记住，这并不一定会证实任何积累或更广泛的看涨阶段。