比特币进入关键阶段，因为市场等待下一步行动

比特币处于关键时刻，巩固了其历史最高（ATH）的范围，并显示出准备突破价格发现的迹象。

Bitcoin price dropped sharply on Monday, dipping below the crucial $100,000 level before recovering to trade above $102,000 on Tuesday morning. This dramatic price movement has sparked contrasting predictions among analysts, with some expecting a surge above the all-time high (ATH) and others anticipating a continued decline.

比特币的价格在周一急剧下降，低于至关重要的100,000美元，然后在周二早上恢复到超过102,000美元的交易。这种戏剧性的价格运动引发了分析师之间的对比预测，有些人期望高于历史高（ATH）的激增，而另一些人则预计会继续下降。

However, a closer examination of key market metrics reveals valuable insights into the prevailing market sentiment and the potential direction of Bitcoin's upcoming move.

但是，对关键市场指标的仔细研究揭示了对当前市场情绪的宝贵见解以及比特币即将举行的举动的潜在方向。

Bitcoin's Drop To $98K Pushes Supply In Loss to 2 Million BTC

比特币跌至98,000美元，将供应量推到200万BTC

CryptoQuant analyst Axel Adler has shared important data regarding Bitcoin's recent price movements. According to Adler's analysis, Bitcoin’s drop to $98K temporarily pushed Supply in Loss to 2 million BTC, reflecting heightened investor concerns during this dip.

CryptoQuant分析师Axel Adler共享了有关比特币最近价格变动的重要数据。根据Adler的分析，比特币的降至9.8K美元暂时将供应的损失推向了200万BTC，这反映了此次下降期间投资者的担忧加剧。

This metric, which measures the total Bitcoin supply that was purchased at a higher price than the current market value, provides insight into the虧損程度of investors at different price points. Higher Supply in Loss indicates a collective concern among investors over the potential for further losses.

该指标衡量以高于当前市场价值购买的总比特币供应，以不同的价格洞悉投资者的见解。损失较高表明投资者对进一步损失的潜力集体关注。

However, this metric has shown a drastic improvement, with Supply in Loss now at 738K BTC, which is close to the quarterly average and suggests a return to more typical market conditions. This shift aligns with a stabilization in Bitcoin's price after the recent volatility.

但是，该度量标准显示出急剧改善，现在损失的供应量为738K BTC，该损失接近季度平均水平，并暗示返回更典型的市场状况。这种转变与最近波动率后比特币的价格稳定相一致。

This reduction in虧損suggest that Bitcoin may be preparing for another rally. If bulls can drive the price past key resistance levels, Bitcoin could enter a strong bullish phase with uncharted price territory ahead.

减少的亏损表明比特币可能正在为另一个集会做准备。如果公牛可以推动价格超过关键阻力水平的价格，那么比特币可能会进入一个强大的看涨阶段，而未知的价格领域未来。

Bitcoin Enters A Crucial Phase

比特币进入关键阶段

Bitcoin is at a critical juncture, consolidating below its all-time high (ATH) and showing signs of preparing for a breakout into price discovery. However, sentiment remains divided, with some investors anticipating a deeper correction due to ongoing market uncertainty. This tug-of-war between bearish and bullish perspectives has left traders and analysts watching Bitcoin's next move closely.

比特币处于关键时刻，巩固了其历史最高（ATH）的范围，并显示出准备突破价格发现的迹象。但是，情绪仍然存在分歧，一些投资者预计由于持续的市场不确定性而导致更深层的更正。看跌和看涨观点之间的拔河比赛使交易员和分析师密切关注比特币的下一步行动。

Negative sentiment stems from concerns about broader economic factors, including fears of overvalued AI companies and disruptions following the open-source release of DeepSeek's solution. These elements have fueled anxiety, leading some market participants to believe Bitcoin's current position could precede a larger downturn.

负面情绪源于对更广泛的经济因素的担忧，包括对DeepSeek解决方案开放源后对过高的AI公司的担忧和中断。这些因素引起了焦虑，导致一些市场参与者相信比特币目前的位置可能会在较大的衰退之前。

On the other hand, optimism remains among analysts like CryptoQuant's Axel Adler, who has shared data that paints a more positive picture. Adler revealed that Bitcoin’s drop to $98K temporarily pushed Supply in Loss to 2 million BTC, reflecting heightened investor concerns during the dip.

另一方面，像CryptoQuant的Axel Adler这样的分析师中仍然有乐观的态度，他共享了绘制更积极画面的数据。阿德勒（Adler）透露，比特币降至98,000美元，暂时将供应量推向了200万BTC，这反映了投资者在下跌过程中的提高。

However, this metric has since improved significantly, with Supply in Loss now sitting at 738K BTC. This aligns with the quarterly average, indicating a return to more typical market conditions and suggesting stabilization.

但是，此指标从那以后大大提高，损失的供应现在为738K BTC。这与季度平均水平保持一致，这表明恢复了更典型的市场状况并提示稳定。

This reduction in虧損suggest that Bitcoin may be preparing for another rally. If bulls manage to push the price above key resistance levels, Bitcoin could move into a strong bullish phase, entering uncharted price territory. For now, the market remains in anticipation.

减少的亏损表明比特币可能正在为另一个集会做准备。如果公牛设法将价格提高到关键阻力水平以上，那么比特币可能会进入强大的看涨阶段，进入未知的价格领域。就目前而言，市场仍在期待。

BTC Price Analysis: Holding Strong Above $100K

BTC价格分析：持有强劲的超过$ 10万美元

Bitcoin is trading at $102,600 after successfully securing strong support above the crucial $100,000 level. This psychological barrier has proven to be a key demand zone, providing bulls with an opportunity to regain control of the market. However, momentum remains in a fragile state as traders await confirmation of a sustained upward trend.

在成功获得超过至关重要的100,000美元水平的大力支持之后，比特币的交易价格为102,600美元。这一心理障碍已被证明是一个关键需求区，为公牛提供了重新控制市场的机会。但是，随着贸易商在等待持续的上升趋势确认，势头仍然处于脆弱状态。

For Bitcoin to maintain its bullish structure, it is essential for the price to hold above the $100K mark in the coming sessions. A decisive push above the $105,000 resistance level with strength would signal renewed bullish momentum, setting the stage for a massive rally. Breaking through this zone could attract significant investor interest, driving the price into uncharted territory and reinforcing Bitcoin’s bullish narrative.

为了使比特币保持其看涨结构，在即将到来的会议上，价格必须超过$ 100K的价格。果断的推动力超过了105,000美元的电阻水平，其强度将表明新的看涨势头，为大规模集会奠定了基础。突破这个区域可能会引起重大的投资者兴趣，将价格推向未知领域，并加强比特币的看涨叙事。

On the downside, the stakes are high. A failure to hold the $100,000 level could trigger a deeper consolidation phase, potentially testing lower support levels and dampening short-term sentiment. This would likely result in increased volatility and hesitation among market participants.

不利的一面是赌注很高。未能保持$ 100,000的水平可能会引发更深层次的整合阶段，潜在地测试较低的支持水平并抑制短期情绪。这可能会导致市场参与者的波动和犹豫。

For now, Bitcoin remains in a pivotal position, with both opportunities and risks on the horizon. Bulls need to act decisively to reclaim higher ground and push the price toward new highs, ensuring optimism prevails in the broader market narrative.

就目前而言，比特币仍然处于关键位置，并具有机会和风险。公牛需要果断地采取行动来恢复更高的立场，并将价格推向新的高点，以确保在更广泛的市场叙事中占上风。