比特币（BTC）的价格表现出强劲的向上势头，推向了90,000美元的大关

比特币（BTC）在最近几天表现出强大的向上势头，随着鲸鱼活动和机构利益的加剧，将其推向了90,000美元。

Bitcoin (BTC) showed strong upward momentum in recent days, pushing toward the $90,000 mark as whale activity and institutional interest intensified.

最近几天，比特币（BTC）表现出强大的向上势头，随着鲸鱼活动和机构利益的加剧，将其推向90,000美元。

Bitcoin had its best weekly performance in over two months, rising 4.24% to reach an intra-day high of $88,804.

比特币在两个月内的每周表现最好，上升了4.24％，达到88,804美元的内部高点。

Market watchers noted that this puts the leading cryptocurrency on a path to test the $90,000 threshold.

市场观察家指出，这使领先的加密货币走上了测试90,000美元门槛的途径。

Technical indicators supported the bullish outlook. BTC reclaimed a position above the daily chart’s 200-day exponential moving average (EMA). A weekly close above $84,600 also increased the likelihood of further gains.

技术指标支持看涨的前景。 BTC收回了高于每日图表的200天指数移动平均线（EMA）的位置。每周的收盘价高于$ 84,600，也增加了进一步收益的可能性。

Healthy Consolidation

健康的合并

Researcher Axel Adler Jr. suggested that the current price action represents healthy consolidation rather than the beginning of a bear market. According to his analysis of onchain metrics, Bitcoin had not yet entered “overheated” territory in this cycle.

研究员Axel Adler Jr.建议当前的价格行动代表健康的巩固，而不是熊市的开始。根据他对OnChain指标的分析，比特币在这个周期中尚未进入“过热”领域。

Adler noted that Bitcoin’s Investor Price Model, which flashed sell signals twice during 2021, remains positive now. Using Bitcoin’s cumulative value days destroyed (CVDD), he argued that the market remains in a growth stage.

阿德勒（Adler）指出，比特币的投资者价格模式在2021年两次闪烁卖出信号，现在仍然是积极的。他使用比特币的累积价值日被破坏（CVDD），认为市场仍处于增长阶段。

Based on these metrics, Adler projects that Bitcoin could climb to $130,000 within 90 days. He does note that seasoned investors might take profits once Bitcoin breaches $123,000, potentially putting downward pressure on the price.

基于这些指标，阿德勒（Adler）项目将在90天内攀升至130,000美元。他确实指出，一旦比特币违反了123,000美元，经验丰富的投资者可能会获利，这可能会给价格下降。

According to data from Velo, Bitcoin’s open interest shot up by over $1.5 billion in a 24-hour period, indicating growing participation in futures markets.

根据Velo的数据，比特币的开放兴趣在24小时内涨幅超过15亿美元，这表明参与期货市场的日益增长。

However, despite this surge in open interest, funding rates remained nearly neutral. This suggests that neither bullish nor bearish traders had taken dominant positions in the market.

但是，尽管开放兴趣激增，但资金率仍然几乎保持中立。这表明看涨和看跌贸易商都没有在市场上占据主导地位。

One major Bitcoin whale purchased 2,400 BTC, valued at approximately $200 million, according to Arkham Intelligence. This brings the whale’s total Bitcoin holdings to over 15,000 BTC, amounting to more than $1.3 billion.

根据Arkham Intelligence的数据，一条主要的比特币鲸购买了2,400 BTC，价值约2亿美元。这使鲸鱼的总比特币持有量超过15,000 BTC，总计超过13亿美元。

This marks a shift in behavior for the whale, who had been selling Bitcoin throughout 2024 as the market fluctuated between the $100,000 and $86,000 levels.

这标志着鲸鱼的行为转变，鲸鱼在2024年销售比特币，因为市场波动在100,000美元至86,000美元之间。

Another previously dormant whale, inactive since 2017, moved 3,000 BTC valued at $250 million on March 22, 2025. Often, such movements by long-term holders precede shifts in the market trend.

自2017年以来，另一个以前的休眠鲸鱼不活动，在2025年3月22日搬迁了3,000个BTC，价值2.5亿美元。通常，长期持有人的这种运动先于市场趋势的转变。

Institutional Interest Surges

机构利益激增

Institutional interest continues to grow. BlackRock (NYSE:BLK), the world’s largest asset manager overseeing $11.6 trillion, acquired 4,054 BTC in just seven days. Their total position now stands at approximately 574,000 BTC, worth more than $50 billion.

机构利益继续增长。贝莱德（纽约证券交易所：BLK）是全球最大的资产经理，监督了11.6万亿美元，在短短7天内就获得了4,054 BTC。他们的总职位现在约为574,000 BTC，价值超过500亿美元。

From a technical standpoint, Bitcoin is currently testing the upper Bollinger Band alongside a descending resistance line. The price is also oscillating within an ascending channel, suggesting potential for a short-term correction to the $86,000-$87,000 range before breaking through $90,000.

从技术的角度来看，比特币目前正在测试上布林带，并沿着下降阻力线进行测试。价格也在上升渠道内振荡，这表明在突破90,000美元之前，短期更正至86,000至87,000美元。

It's worth noting that weekend price rallies, like the one seen on Sunday, March 23rd, often occur with lower trading volume as larger market participants step back until weekdays. This can leave price movements heavily influenced by leveraged trades.

值得注意的是，周末的价格集会，就像3月23日星期日看到的那样，随着较大的市场参与者退缩至工作日，经常发生的交易量较低。这可能会使价格变动受杠杆交易的严重影响。

This persistent accumulation by whales and institutions is reducing available supply on exchanges, which is likely a factor in the recent 4% price spike. Overall, market sentiment remains optimistic as these large players signal their expectation of Bitcoin’s long-term value appreciation.

鲸鱼和机构的这种持续积累正在减少交易所的可用供应，这可能是最近4％的价格飙升的一个因素。总体而言，市场情绪仍然乐观，因为这些大型参与者表明了他们对比特币长期价值升值的期望。