过去几天，比特币（BTC）被困在关键的价格水平以下

在上周日损失了85,000美元之后，过去几天，比特币（BTC）被困在过去几天的关键价格水平以下。

Bitcoin (BTC) has been stuck in a rut. The flagship crypto has been unable to break above crucial price levels despite attempts to do so over the past few days.

比特币（BTC）被困在车辙中。尽管过去几天试图这样做，但旗舰加密仍无法超过关键的价格水平。

Its loss of the $85,000 mark last Sunday has seen it fall to its lowest levels since November 10, 2024, with the apex coin remaining under heavy bearish pressure. But is there anything on the horizon to help bulls regain control?

自2024年11月10日以来，上周日的85,000美元大关损失下降到最低水平，而Apex硬币仍处于巨大的看跌压力下。但是，是否有什么可以帮助公牛恢复控制的地方？

As the crypto market continues its downturn, lower price targets are being set. But is the Bitcoin bull cycle over?

随着加密货币市场的衰退持续下滑，目的价格较低。但是比特币牛周期结束了吗？

The crypto market has been on a consistent downtrend since late January, with macroeconomic instability and uncertainty pushing investors to speculate on what the future holds.

自1月下旬以来，加密市场一直处于一致的下降趋势，宏观经济不稳定和不确定性促使投资者推测未来的情况。

With global macro concerns still affecting risk assets, Bitcoin’s inability to reclaim key resistance levels has heightened worries about further downside potential.

由于全球宏观担忧仍影响风险资产，比特币无法恢复关键阻力水平，这加剧了人们对进一步下行潜力的担忧。

But according to a recent analysis by a leading analyst, there are some interesting tidbits of data that could offer some insight into the market.

但是，根据一位领先分析师的最新分析，有一些有趣的数据可以为市场提供一些见解。

BTC Sees Heavy Activity At $90K

BTC的重型活动为$ 90K

On X, previously Twitter, top crypto analyst Axel Adler shared that the peak of exchange activity over the past four months occurred at $90K.

在X，以前是Twitter上，顶级加密分析师Axel Adler分析了过去四个月的交换活动的峰值，价格为90k美元。

This was the highest daily Bitcoin flow into exchanges, which could suggest that this is a critical psychological boundary, with bullish sentiment strengthening above this level and sell-offs increasing when BTC trades below it.

这是每天最高的比特币流向交流，这可能表明这是一个关键的心理边界，在BTC交易以下时，看涨的情绪增强了这一水平，而抛售量则增加。

"Biggest 4-hour candle over the past 4 months. We're still in the biggest 24-hour volume cycle since the March 2024 lows.

“在过去的4个月中，最大的4小时蜡烛。自2024年3月以来，我们仍然处于最大的24小时体积周期。

It's no coincidence that whenever BTC drops below $90K, exchange inflows spike like crazy. $90K is the key psychological boundary.

每当BTC跌至9万美元以下时，交换流入像疯狂的流入率时，并非偶然。 $ 90K是关键的心理边界。

Above $90K, we saw the HIGHEST daily BTC volume on exchanges, which signifies strong bullish strength.

超过$ 9万美元，我们看到了交易所每日最高的BTC量，这表示强大的看涨力量。

But whenever BTC closed lower and broke below $90K (like today), exchange inflows went bananas. This signals MASSIVE selling pressure and volatility as traders reacted to the price move.

但是，每当BTC下部关闭并打破9万美元以下（如今天）时，交换流入就会出现香蕉。随着交易者对价格转移的反应，这表明销售压力和波动性巨大。

It's a vicious cycle:

这是一个恶性循环：

⬆️ Higher lows = Less exchange activity (buyers are in control, funded in fiat).

⬆️更高的低点=较少的交换活动（买家正在控制，以菲亚特资助）。

⬇️ Lower highs = More exchange activity (sellers react, capital flows out of crypto). "

⬇️较低的高点=更多的交换活动（卖方反应，资本从加密货币中流出）。 “

The crypto market has been on a consistent downtrend since late January, with macroeconomic instability and uncertainty pushing investors to speculate on what the future holds.

自1月下旬以来，加密市场一直处于一致的下降趋势，宏观经济不稳定和不确定性促使投资者推测未来的情况。

As the crypto market continues its downturn, lower price targets are being set. But is the Bitcoin bull cycle over?

随着加密货币市场的衰退持续下滑，目的价格较低。但是比特币牛周期结束了吗？

The crypto market has been on a consistent downtrend since late January, with macroeconomic instability and uncertainty pushing investors to speculate on what the future holds.

自1月下旬以来，加密市场一直处于一致的下降趋势，宏观经济不稳定和不确定性促使投资者推测未来的情况。

With global macro concerns still affecting risk assets, Bitcoin’s inability to reclaim key resistance levels has heightened worries about further downside potential.

由于全球宏观担忧仍影响风险资产，比特币无法恢复关键阻力水平，这加剧了人们对进一步下行潜力的担忧。

But according to a recent analysis by a leading analyst, there are some interesting tidbits of data that could offer some insight into the market.

但是，根据一位领先分析师的最新分析，有一些有趣的数据可以为市场提供一些见解。

BTC Sees Heavy Activity At $90K

BTC的重型活动为$ 90K

On X, previously Twitter, top crypto analyst Axel Adler shared that the peak of exchange activity over the past four months occurred at $90K.

在X，以前是Twitter上，顶级加密分析师Axel Adler分析了过去四个月的交换活动的峰值，价格为90k美元。

This was the highest daily Bitcoin flow into exchanges, which could suggest that this is a critical psychological boundary, with bullish sentiment strengthening above this level and sell-offs increasing when BTC trades below it.

这是每天最高的比特币流向交流，这可能表明这是一个关键的心理边界，在BTC交易以下时，看涨的情绪增强了这一水平，而抛售量则增加。

"Biggest 4-hour candle over the past 4 months. We're still in the biggest 24-hour volume cycle since the March 2024 lows.

“在过去的4个月中，最大的4小时蜡烛。自2024年3月以来，我们仍然处于最大的24小时体积周期。

It's no coincidence that whenever BTC drops below $90K, exchange inflows spike like crazy. $90K is the key psychological boundary.

每当BTC跌至9万美元以下时，交换流入像疯狂的流入率时，并非偶然。 $ 90K是关键的心理边界。

Above $90K, we saw the HIGHEST daily BTC volume on exchanges, which signifies strong bullish strength.

超过$ 9万美元，我们看到了交易所每日最高的BTC量，这表示强大的看涨力量。

But whenever BTC closed lower and broke below $90K (like today), exchange inflows went bananas. This signals MASSIVE selling pressure and volatility as traders reacted to the price move.

但是，每当BTC下部关闭并打破9万美元以下（如今天）时，交换流入就会出现香蕉。随着交易者对价格转移的反应，这表明销售压力和波动性巨大。

It's a vicious cycle:

这是一个恶性循环：

⬆️ Higher lows = Less exchange activity (buyers are in control, funded in fiat).

⬆️更高的低点=较少的交换活动（买家正在控制，以菲亚特资助）。

⬇️ Lower highs = More exchange activity (sellers react, capital flows out of crypto). "

⬇️较低的高点=更多的交换活动（卖方反应，资本从加密货币中流出）。 “