这种比特币公牛的跑步感觉与众不同：这就是为什么

比特币最近的价格动作讲述了一个韧性的故事，并谨慎地讲述了。在短暂越过了备受期待的100,000美元大关之后，它退缩了

Bitcoin's recent price action has been a tale of resilience and caution. After briefly crossing the much-anticipated $100,000 mark, BTC pulled back, reflecting its struggle to maintain its footing. However, a deeper look into the price movements reveals a story that's vastly different from previous bull cycles.

比特币最近的价格行动是一个韧性和谨慎的故事。在短暂地越过了备受期待的100,000美元大关之后，BTC退后了，反映了其保持立足点的努力。但是，更深入地看待价格变动的故事揭示了一个与以前的牛周期有很大不同的故事。

According to Glassnode, a prominent data provider, this bull run is unfolding in a unique way. Unlike past cycles, where Bitcoin's price soared rapidly after hitting new all-time highs, fueled by explosive demand and extreme volatility, this time around, the Realized HODL (RHODL) ratio suggests a distinct pattern.

根据著名数据提供商GlassNode的说法，这种牛的运行方式是独特的。与过去的周期不同，在爆炸性需求和极端波动的推动下，比特币的价格迅速飙升，这一次，实现的HODL（Rhodl）比率表明了一种独特的模式。

New demand is entering the market in bursts rather than in waves, and the wealth held in older coins is significantly lower. This indicates that while interest in Bitcoin remains strong, it's not as aggressive as it was during previous bull markets.

新的需求正在以爆发而不是在海浪中进入市场，而在较旧硬币中持有的财富大大降低。这表明，尽管对比特币的兴趣仍然很强，但它并不像以前的牛市那样具有侵略性。

Another striking difference is the lower volatility in Bitcoin's price. In previous bull markets, BTC's price swings soared to over 80% to 100%. But this cycle, the volatility has been relatively mild, staying below 50%.

另一个显着的区别是比特币价格的波动性较低。在以前的牛市，BTC的价格波动飙升至80％至100％。但是这个周期，波动率相对温和，保持低于50％。

This shift in volatility is making Bitcoin's price movements more like those of traditional assets, with structured price changes rather than the dramatic surges and crashes seen in the past.

波动率的这种转变使比特币的价格变动更像是传统资产的变化，而结构化的价格变化，而不是过去看到的急剧冲浪和崩溃。

If we track the trend in 2024, Bitcoin touched its first ATH in March nearly 2 months after ETFs approval and one month prior to halving. The bullish scene is already set as Utah became the first U.S. state to pass a bill allowing public funds to be invested in crypto, and soon other states will follow suit.

如果我们在2024年追踪趋势，则比特币在ETF批准后的3月和一个月后触及了其第一个ATH。随着犹他州成为第一个通过法案，允许将公共资金投资于加密货币的州的美国州，就已经设定了看涨的舞台，不久其他州将效仿。

Adding to this, investors like Robert Kiyosaki buying bitcoin despite the downturn show how safe it is to invest in Bitcoin rather than traditional assets. This shows good times are nearing for Bitcoin if it manages to stay strong in the changing global scene

除此之外，尽管低迷的投资表明，投资比特币而不是传统资产是多么安全，但像罗伯特·基亚萨基（Robert Kiyosaki）这样的投资者购买了比特币。这表明如果比特币设法在不断变化的全球场景中保持强大，那么美好的时光即将接近

Now, let's take a closer look at the technical side of things. As we mentioned, BTC is currently facing a crucial test at key support levels. If it manages to stay above $95,869, we could see a bounce back and a retest of the $100,000 milestone.

现在，让我们仔细看看事情的技术方面。正如我们提到的，BTC目前正面临关键支持水平的关键测试。如果它设法停留在95,869美元以上，我们可以看到反弹和重新测试100,000美元的里程碑。

If BTC breaks through this psychological barrier, it might just trigger a new wave of buying, pushing the price even higher. But if it falls below $95,869, there's a risk of further drop to around $93,625, which could lead to panic selling as investors rush to cut their losses.

如果BTC突破了这一心理障碍，它可能只是引发新的购买浪潮，从而提高了价格。但是，如果它低于95,869美元，则可能会进一步下降到93,625美元左右，这可能会导致恐慌出售，因为投资者急于减少损失。

Overall, Bitcoin's journey this cycle isn't about explosive gains overnight. It's a slower, steadier climb, with both opportunities and risks along the way.

总体而言，比特币的这一周期的旅程与一夜之间的爆炸性增长无关。这是一个较慢，稳定的攀登，一路上有机会和风险。