比特币需求下降，因为投资者担心更正

自2月初以来，比特币一直面临着巨大的波动和销售压力，使涟漪穿越了更广泛的加密货币市场。

Bitcoin demand has been slowing since early December, which aligns with the diminishing momentum in BTC’s gains, according to CryptoQuant’s Head of Research Julio Moreno.

自12月初以来，比特币需求一直在放缓，这与BTC收益的势头减少相符。

Moreno shared insights on the relationship between Bitcoin’s price return and demand growth, highlighting that the two are closely linked. He explained that as demand increases, so does the cryptocurrency’s price return.

莫雷诺（Moreno）分享了对比特币价格回报与需求增长之间关系的见解，强调了两者紧密相关。他解释说，随着需求的增加，加密货币的价格也会回报。

This observation sheds light on the current state of the market, where declining speculative appetite and weakening leveraged positions are contributing to choppy price action. As Bitcoin hovers below the $100K mark, both bulls and bears are locked in a battle for control, with demand growth serving as a pivotal factor in determining the cryptocurrency’s trajectory.

该观察结果阐明了市场的当前状态，在这种情况下，投机性的食欲下降和杠杆位置削弱了促进价格上涨的价格行动。随着比特币徘徊在$ 10万美元的标记下，公牛和熊都陷入了控制之战中，需求增长是确定加密货币轨迹的关键因素。

Bitcoin Demand Declines As Investors Fear A Correction

比特币需求下降，因为投资者担心更正

Bitcoin has faced significant volatility and selling pressure since the start of February, sending ripples through the broader crypto market. Altcoins and meme coins, often more vulnerable during bearish trends, have experienced even sharper price drops, amplifying uncertainty among investors.

自2月初以来，比特币一直面临着巨大的波动和销售压力，使涟漪穿越了更广泛的加密货币市场。在看跌趋势期间，AltCoins和Meme Coins通常更容易受到伤害，甚至会经历更尖锐的价格下跌，并扩大了投资者的不确定性。

Analysts are increasingly signaling a potential correction, citing tired bulls and bearish price action that hints at further declines.

分析师越来越多地表明了潜在的纠正，理由是疲倦的公牛和看跌的价格行动暗示进一步下降。

Moreno provided key insights on the relationship between Bitcoin’s price performance and demand growth, highlighting that the two are closely linked. He explained that as demand increases, so does the cryptocurrency’s price return.

莫雷诺（Moreno）提供了有关比特币价格绩效与需求增长之间关系的关键见解，强调了两者密切相关。他解释说，随着需求的增加，加密货币的价格也会回报。

“Bitcoin price return follows the trajectory of demand growth. Since early December, demand growth has been slowing down, which aligns with the diminishing momentum in BTC’s gains. Keep an eye on demand growth to time the next Bitcoin rally,” said Moreno.

“比特币价格回报遵循需求增长的轨迹。自12月初以来，需求增长一直在放缓，这与BTC增长的势头减少相符。在下一个比特币集会上，请注意需求增长。”莫雷诺说。

Currently, Bitcoin’s price is hovering around $96K as bulls struggle to reclaim and hold the psychological $100K mark. This level is not only a critical point of resistance but also a major factor in determining short-term market sentiment.

目前，随着公牛队努力收回和持有心理$ 10万美元的商标，比特币的价格徘徊在96万美元左右。该水平不仅是抵抗的关键点，而且是确定短期市场情绪的主要因素。

Without a breakout above $100K, BTC remains vulnerable to additional selling pressure and a potential drop to lower demand zones. However, reclaiming this level and holding it as support would signal a shift in momentum, paving the way for a potential rally.

如果没有超过$ 10万美元的突破，BTC仍然容易受到额外的销售压力和潜在的下降，以减少需求区域。但是，收回该水平并将其作为支持将表示动量的转变，为潜在的集会铺平道路。

BTC Price Showing Indecision

BTC价格显示犹豫不决

Bitcoin is currently trading at $96,700 after several days of sideways price action between $100,000 and $95,600. The market appears stuck in a range, with no clear short-term direction as both bulls and bears struggle for control.

经过几天的侧向价格行动，比特币目前的交易价格为96,700美元，价格在100,000美元至95,600美元之间。市场似乎陷入困境，由于公牛和熊争取控制，因此没有明显的短期方向。

Bulls lost their grip on momentum after the price fell below the crucial $100K level last Tuesday, and they have been unable to reclaim it since.

在上周二的价格低于至关重要的10万美元水平之后，公牛在势头方面失去了势头，此后他们一直无法收回。

The lack of upward movement has raised concerns among investors, as Bitcoin’s inability to break above $100K could signal growing weakness in the market. Meanwhile, bears have been applying consistent pressure, but they have yet to force the price below the critical $95K support level.

由于比特币无法破产超过$ 10.K，因此缺乏向上的行动引起了投资者的关注，这表明市场上的疲软越来越大。同时，熊一直在施加一致的压力，但它们尚未迫使价格低于至关重要的95,000美元的支持水平。

If Bitcoin drops below $95K in the coming days, a further decline into the $90K demand zone is likely. This would mark a significant bearish move and could lead to increased selling pressure as investors grow wary of a deeper correction.

如果比特币在未来几天下降到95,000美元以下，则可能会进一步下降到$ 90K需求区。这将标志着看跌的重大举动，并可能导致销售压力增加，因为投资者对更深层的更正保持警惕。

However, if BTC can maintain its position above $95K, there is still potential for bulls to regain strength and push the price back toward the $100K mark. For now, the market remains uncertain, and traders are closely monitoring these key levels for signs of the next major move.

但是，如果BTC可以将其位置保持在$ 95K以上，那么公牛仍然有可能恢复实力并将价格恢复到10万美元的成绩。目前，市场仍然尚不确定，交易者正在密切监视这些关键水平，以确保下一个重大行动的迹象。