随着短期持有者需求的增加，比特币 (BTC) 飙升至 98,000 美元以上

继过去一周价格温和反弹后，比特币 (BTC) 已飙升至 98,000 美元以上，市场多头目标重返 100,000 美元价格区域。

Bitcoin (BTC) price opened the new week on a bullish note, surging past the $98,000 level as market bulls eye a return to the $100,000 price zone. BTC price had a bullish performance in the past week, surging by over 8% from a local bottom around $89,000 on Monday.

比特币 (BTC) 价格新周开盘看涨，飙升至 98,000 美元以上，市场多头期待重返 100,000 美元价格区域。 BTC 价格在过去一周表现看涨，从周一 89,000 美元左右的局部底部飙升超过 8%。

Bitcoin price action saw a strong bullish momentum in the first half of the week, rallying past key resistance levels like $92,000 and $95,000. However, BTC price faced some selling pressure at higher levels, leading to a consolidation around the $98,000-$99,000 range.

本周上半周，比特币价格走势出现强劲看涨势头，突破了 92,000 美元和 95,000 美元等关键阻力位。然而，BTC 价格在较高水平面临一些抛售压力，导致在 98,000 美元至 99,000 美元区间盘整。

Bitcoin price movements in the second half of the week were largely influenced by the sell-off of LTHs (long-term holders) and the demand from STHs (short-term holders). A recent report by CryptoQuant analyst Darkfost highlighted an interesting trend in the Bitcoin market.

下半周的比特币价格走势很大程度上受到LTH（长期持有者）抛售和STH（短期持有者）需求的影响。 CryptoQuant 分析师 Darkfost 最近的一份报告强调了比特币市场的一个有趣趋势。

According to Darkfost's analysis, Bitcoin long-term holders, known as LTHs, have been engaging in a selling spree. This selling activity by LTHs has been observed through the asset transfer metric, which tracks the movement of BTC from one address to another.

根据 Darkfost 的分析，比特币长期持有者（即 LTH）一直在进行疯狂抛售。 LTH 的这种出售活动是通过资产转移指标观察到的，该指标跟踪 BTC 从一个地址到另一个地址的移动。

As LTHs sell their Bitcoin holdings, the asset is being acquired by short-term holders, evident in their increasing demand. This trend has coincided with the recent price rally, suggesting that STHs are driving the bullish momentum to some extent.

随着 LTH 出售其持有的比特币，该资产正在被短期持有者收购，这从他们不断增长的需求中可见一斑。这一趋势与最近的价格上涨相吻合，表明 STH 在一定程度上推动了看涨势头。

However, the analysis also raises a potential concern in relation to the Bitcoin price correction that occurred in December.

然而，该分析还提出了与 12 月份发生的比特币价格调整相关的潜在担忧。

According to Darkfost, such an asset transfer, where STHs drive demand while LTHs sell heavily, is typically observed after a local market top or bull cycle peak. This observation might be relevant considering BTC's price record and the recent correction from $108,000.

根据 Darkfost 的说法，这种资产转移，即 STH 推动需求，而 LTH 大量抛售，通常发生在当地市场顶部或牛市周期高峰之后。考虑到 BTC 的价格记录以及最近从 108,000 美元开始的回调，这一观察结果可能是相关的。

Analyzing Bitcoin's next move in relation to short-term holders' activity, which is currently driving market demand, Darkfost pinpointed key price regions based on the STH realized price.

Darkfost 分析了比特币与短期持有者活动相关的下一步走势（目前正在推动市场需求），并根据 STH 实现价格确定了关键价格区域。

The STH realized price, also known as the short-term holder acquisition cost, represents the average acquisition price of all BTC held by short-term holders. It often translates into a physiological zone capable of acting as a support or resistance zone.

STH变现价格，也称为短期持有者收购成本，代表短期持有者持有的所有BTC的平均收购价格。它通常转化为能够充当支撑或阻力区域的生理区域。

With Bitcoin still in the uptrend, $85,000 should be regarded as a vital support level that can sustain the bull market in the case of a retest. Based on data on longer STH acquisition periods ranging from 1 week to 6 months, other significant support levels include $81,000 and $60,000.

在比特币仍处于上升趋势的情况下，85,000美元应该被视为重要的支撑位，在重新测试的情况下可以维持牛市。根据 1 周到 6 个月的较长 STH 获取期的数据，其他重要支撑位包括 81,000 美元和 60,000 美元。

However, amidst BTC’s recent recovery, a major resistance awaits at $99,000, which represents the realized price for STH that emerged in 1 week -1 month. This is because as Bitcoin approaches $99,000, these newer entrants are likely to sell in order to recover their initial investments, which may prevent further growth.

然而，在 BTC 最近的复苏中，主要阻力位在 99,000 美元，这代表了 1 周-1 个月内出现的 STH 的实现价格。这是因为，当比特币接近 99,000 美元时，这些新进入者可能会出售比特币以收回其初始投资，这可能会阻碍其进一步增长。

In other developments, Darkfost also notes that the short-term holders' spent output profit ratio (SOPR) is currently neutral with a value of 1 after Bitcoin's retracement from $108,000 in December.

在其他进展中，Darkfost 还指出，在比特币从 12 月份的 108,000 美元回撤后，短期持有者的支出产出利润率 (SOPR) 目前为中性，为 1。

This suggests that short-term holders are not selling in profit and are likely to ease up their selling pressure. With the LTH sell-off also being countered by rising demand from these STHs, market liquidity is likely to reduce, which can potentially prevent a full bullish market recovery.

这表明短期持有者并没有卖出获利，并且可能会缓解抛售压力。由于 LTH 的抛售也受到这些 STH 需求上升的抵消，市场流动性可能会减少，这可能会阻碍牛市的全面复苏。

Therefore, Darkfost predicts BTC to remain in consolidation with the possibility of further price correction.

因此，Darkfost预计BTC将继续盘整，并有可能进一步调整价格。

At the time of writing, Bitcoin trades at $98,030 following a gain of 1.27% in the past 24 hours. Meanwhile, the asset’s trading volume is down 15.47% and valued at $36.26 billion.

截至撰写本文时，比特币交易价格为 98,030 美元，过去 24 小时内上涨 1.27%。与此同时，该资产的交易量下降了15.47%，价值为362.6亿美元。