比特币（BTC）恢复了上涨轨迹，因为价格超过$ 10万美元，但大持有人的负面情绪仍然存在

在由于更广泛的市场崩溃而导致波动率提高后，比特币似乎正在恢复上空轨迹，因为价格继续超过102,000美元。

Bitcoin price shows signs of regaining an upside trajectory, as prices continue to hold above the $102,000 mark after a period of heightened volatility due to a broader market crash. BTC may be demonstrating the potential for a notable rebound, but negative sentiment persists among large Bitcoin holders.

比特币的价格显示了重新获得上行轨迹的迹象，因为由于市场崩溃，价格增加了一段时间的波动性，因此价格继续超过102,000美元。 BTC可能证明了显着反弹的潜力，但是大型比特币持有人的负面情绪仍然存在。

Huge Sell-Offs Among 10-100 Bitcoin Holders

在10-100比特币持有人中的巨大抛售

As Bitcoin moves toward a positive direction again, huge sell-offs are being observed among 10-100 BTC holders. This shift in investors’ sentiment was highlighted by technical expert and author Axel Adler Jr in an X post, sparking concerns about the sustainability of BTC’s price.

随着比特币再次向积极的方向发展，在10-100 BTC持有者中观察到了巨大的抛售。技术专家和作者Axel Adler JR强调了投资者情绪的这种转变，引发了人们对BTC价格可持续性的担忧。

According to Jr, the balance of wallets containing 10-100 BTC has been decreasing steadily for nearly 2 years, as indicated by on-chain data. This continued sell-off by this cohort might be viewed as profit-taking or strategic repositioning as BTC builds momentum for an upswing.

根据JR的说法，如链数据所示，包含10-100 BTC的钱包的平衡已经稳步下降了近2年。随着BTC为上升而建立动力，该队列的这种持续抛售可能被视为获利或战略重新定位。

Back in June 2023, the balance of these investors reached a peak of 3.2 million BTC. However, these investors have been cashing out sums ranging from $1 million to $10 million as the volume has decreased significantly by over 600,000 BTC, bringing the balance to 2.6 million BTC. Meanwhile, the average volume for this group of whale investors is 3.15 million BTC.

早在2023年6月，这些投资者的余额达到了320万BTC。但是，这些投资者一直在兑现汇率从100万美元到1000万美元不等，因为该数量已大大减少了60万BTC，使余额达到260万BTC。同时，这组鲸鱼投资者的平均数量为315万BTC。

Historically, large investors’ behavior tends to influence BTC’s price trajectory and stability. Even though Bitcoin is recovering slightly, a prolonged sell-off by these investors may hinder growing momentum, causing a pullback toward key support levels.

从历史上看，大型投资者的行为往往会影响BTC的价格轨迹和稳定性。即使比特币略有恢复，这些投资者的卖空可能会阻碍增长的势头，从而导致关键支持水平的回调。

During the recent decline caused by a larger market drop, the overall supply of BTC in loss has increased sharply. Axel Adler outlined that Bitcoin’s decline to the $98,000 price level led to a substantial increase in the total BTC supply in loss to about 2 million.

在最近由于较大的市场下降而下降的情况下，BTC损失的总体供应急剧增加。阿克塞尔·阿德勒（Axel Adler）概述了比特币的下降到98,000美元的价格水平，导致BTC总损失总供应量大幅增加到约200万。

This surge coincides with investor concerns about the open-source release of DeepSeek’s solution and inflated Artificial Intelligence (AI) firm valuations. With 2 million BTC now trading below their purchase cost, the development may signal heightened selling risks for the asset.

这次激增与投资者对DeepSeek解决方案和膨胀人工智能（AI）企业估值的开放源释放的担忧相吻合。现在，由于200万BTC的交易低于其购买成本，该开发项目可能会提高资产的销售风险。

However, overall supply in loss has now fallen to 738,000 BTC as prices slowly move upward, which is in line with the quarterly average for this indicator. The drop shows that the market has stabilized and the number has returned to normal.

但是，随着价格慢慢上升，总体损失供应现已下降到738,000 BTC，这与该指标的季度平均水平一致。下降表明市场已经稳定，数量恢复正常。

BTC’s Price Facing Bearish Pressures

BTC面临的看跌压力的价格

Examining BTC’s recent price action, the flagship asset appears to be eyeing a consolidation phase as it hovers between $103,000 and $100,000. This movement is fueled by growing bearish pressure and investors’ waning sentiment, raising the possibility for an extended consolidation phase.

旗舰资产研究了BTC最近的价格行动，似乎正在关注合并阶段，因为它徘徊在103,000美元至100,000美元之间。这一运动是由往往的压力和投资者的衰落情绪推动的，从而增加了扩展巩固阶段的可能性。

As a result of this consolidation and the emerging bearish pressure, Bitcoin is trading slightly above $102,500, indicating a nearly 3% daily decrease. BTC’s drop has sparked selling activity among investors, cited by a decline in its trading volume by over 44% in the past day.

由于这种合并和新兴的看跌压力，比特币的交易价格略高于102,500美元，表明每天下降了近3％。 BTC的下降引发了投资者的销售活动，这是由于过去一天的交易量下降了44％以上。