由于长期持有者套现，比特币牛市陷入停滞

随着长期持有者兑现利润，比特币的看涨势头面临挑战，利润每天达到 26 亿美元。分销压力加剧，同时实现利润增加。由于交易者寻求平衡获利回吐和长期可持续性，这可能会导致获利回吐和波动性增加。

Are Long-Term Holders Cashing Out, Denting Bitcoin's Bullish Run?

长期持有者是否会套现，削弱比特币的牛市走势？

Bitcoin's ascent to a new peak of $71,561 on Binance has hit a roadblock, falling short of its earlier high of $73,777. Behind this setback is a surge in distribution pressure from long-term holders, who are seizing the opportunity to realize their gains amid skyrocketing profits. This crossroads has traders grappling with the dilemma of reaping immediate profits while safeguarding the cryptocurrency's long-term viability.

比特币在币安上升至 71,561 美元的新高时遇到了障碍，低于此前高点 73,777 美元。这一挫折的背后是长期持有者的分配压力激增，他们在利润暴涨的情况下抓住机会实现收益。这个十字路口让交易者面临着既要获得即时利润又要保障加密货币长期生存能力的困境。

What's Driving the Distribution Pressure?

是什么推动了分销压力？

Glassnode analysts have detected a significant ramp-up in distribution pressure from long-term holders, with realized profits exceeding $2.6 billion per day. This upswing in selling activity coincides with heightened realized profit, indicating an influx of Bitcoin holders who have accumulated gains since their initial acquisitions. This selling pressure has the potential to trigger downward price movements, as token holders cash out their holdings.

Glassnode 分析师发现，长期持有者的分配压力显着增加，每天实现的利润超过 26 亿美元。销售活动的增加与已实现利润的增加同时发生，表明自最初购买以来已经积累了收益的比特币持有者大量涌入。随着代币持有者兑现其持有的资产，这种抛售压力有可能引发价格下跌。

Profit-Taking and Volatility: A Delicate Balance

获利回吐与波动性：微妙的平衡

The combination of profit-taking by long-term holders and increased volatility has created a precarious balance for traders. Volatility is likely to spike as more traders seek to secure their earnings, resulting in price fluctuations as buy and sell orders compete. This volatility could pose a challenge for traders, requiring them to adapt their strategies accordingly.

长期持有者的获利了结和波动性的增加给交易者带来了不稳定的平衡。随着越来越多的交易者寻求确保收益，波动性可能会加剧，从而导致买卖订单竞争时价格波动。这种波动可能会给交易者带来挑战，要求他们相应地调整策略。

Liquidity Zones: A Potential Cushion for Price Movements

流动性区域：价格波动的潜在缓冲

Analyst @CryptoCapo_ has identified a crucial liquidity zone between $74,000 and $75,000, where a sufficient number of buyers and sellers are present to facilitate swift and efficient trades. This zone could serve as a buffer against drastic price fluctuations, providing some stability amidst the volatility. Traders often target these liquidity zones for placing their orders, as they offer greater ease in entering and exiting positions.

分析师 @CryptoCapo_ 确定了 74,000 美元至 75,000 美元之间的关键流动性区域，该区域有足够数量的买家和卖家，以促进快速高效的交易。该区域可以作为价格剧烈波动的缓冲，在波动中提供一定的稳定性。交易者通常会在这些流动性区域下订单，因为它们可以更轻松地进入和退出头寸。

Bitcoin's Outlook: A Crossroads of Profit and Sustainability

比特币的前景：利润与可持续性的十字路口

Despite the surge in distribution pressure, Bitcoin's bullish outlook remains intact. If Bitcoin can break through the $69,000 level on the 4-hour timeframe, it could rally towards its previous peak of $73,777. Surpassing this high could pave the way for a move into the liquidity zone beyond $74,000, potentially attracting more buyers and further boosting the price.

尽管分配压力激增，但比特币的看涨前景仍然完好无损。如果比特币能够在 4 小时内突破 69,000 美元的水平，它可能会反弹至之前的峰值 73,777 美元。突破这一高位可能为进入 74,000 美元以上的流动性区域铺平道路，有可能吸引更多买家并进一步推高价格。

Technical Indicators: A Mix of Bullish and Bearish Signals

技术指标：看涨和看跌信号的混合

Technical indicators present a mixed picture. The Moving Average Convergence Divergence (MACD) remains bullish, indicating market optimism. However, the Relative Strength Index (RSI) is not showing a decline in buying pressure, potentially signaling a weakening in the uptrend. The Awesome Oscillator (AO) displays red histogram bars, suggesting growing bearish sentiment. This convergence of positive and negative indicators suggests a cautious approach may be warranted.

技术指标的情况好坏参半。移动平均线收敛分歧（MACD）仍然看涨，表明市场乐观。然而，相对强弱指数（RSI）并未显示购买压力下降，这可能表明上升趋势减弱。真棒震荡指标 (AO) 显示红色柱状图，表明看跌情绪不断增长。这种积极和消极指标的趋同表明可能需要采取谨慎的态度。

Traders Face a Dilemma: Reap Profits or Preserve Sustainability

交易者面临两难境地：获取利润还是保持可持续性

As buyer momentum contends with selling pressure, traders find themselves at a crossroad. They must balance the temptation to secure profits with the need to ensure Bitcoin's long-term sustainability. The delicate equilibrium between these competing forces will likely shape the cryptocurrency's trajectory in the coming weeks.

由于买家动力与抛售压力相抗衡，交易者发现自己正处于十字路口。他们必须在确保利润的诱惑与确保比特币长期可持续性的需求之间取得平衡。这些竞争力量之间的微妙平衡可能会在未来几周内塑造加密货币的发展轨迹。