比特币正在为新一轮牛市做好准备吗？

受疲软的抛售压力和最近价格飙升至 7 万美元以上的提振，比特币的看涨情绪飙升，这可能预示着即将到来的牛市反弹。社交量和加权情绪有所增加，表明投资者的乐观情绪日益增强。

Is Bitcoin Primed for Another Bull Run?

比特币是否已准备好迎接另一场牛市？

The cryptocurrency market is abuzz with bullish sentiment toward Bitcoin (BTC), with the coin trading comfortably above the $70,000 mark. But what are the factors driving this optimism, and can we expect a sustained rally?

加密货币市场充斥着对比特币 (BTC) 的看涨情绪，比特币的交易价格轻松突破 70,000 美元大关。但推动这种乐观情绪的因素是什么？我们能否期待持续的反弹？

Holding Its Ground

坚守阵地

Bitcoin's recent price action suggests resilience, with the coin posting gains of over 12% in the past week. This uptrend has been accompanied by a surge in social volume, indicating growing interest and bullish sentiment among investors.

比特币最近的价格走势表明了其弹性，过去一周该货币的涨幅超过 12%。这种上升趋势伴随着社交量的激增，表明投资者的兴趣和看涨情绪不断增长。

Breaking a Resistance Barrier

打破阻力障碍

According to crypto analyst Ali, Bitcoin has recently overcome a crucial resistance level of $70.8k, paving the way for further upward momentum.

加密货币分析师 Ali 表示，比特币最近克服了 7.08 万美元的关键阻力位，为进一步上涨势头铺平了道路。

Is Selling Pressure Waning?

抛售压力正在减弱吗？

To gauge the market's sentiment toward Bitcoin, let's examine key metrics. CryptoQuant data reveals a declining exchange reserve, indicating reduced selling pressure. The Miners' Position Index shows that miners are selling their holdings within a moderate range, suggesting they are not overly eager to part with their coins.

为了衡量市场对比特币的情绪，让我们检查一下关键指标。 CryptoQuant 数据显示外汇储备下降，表明抛售压力减轻。矿工头寸指数显示，矿工正在适度范围内出售其持有的资产，这表明他们并不太急于出售自己的代币。

Buying Dominance in the US

购买美国的主导地位

Sentiment among US investors appears to be overwhelmingly positive, as evidenced by the green Coinbase premium. This suggests that there is a strong appetite for Bitcoin in the American market.

美国投资者的情绪似乎非常积极，绿色 Coinbase 溢价就证明了这一点。这表明美国市场对比特币有强烈的兴趣。

Undervalued Asset

被低估的资产

Glassnode's Network Value to Transactions (NVT) ratio has dropped, indicating that Bitcoin may be undervalued. This metric is calculated by dividing the market cap by the volume of transactions on the blockchain, and when it falls, it can signal a buying opportunity.

Glassnode 的网络价值与交易（NVT）比率下降，表明比特币可能被低估。该指标的计算方法是将市值除以区块链上的交易量，当它下跌时，它可以发出买入机会的信号。

Derivatives Metrics: Mixed Signals

衍生品指标：混合信号

While the Funding Rate on derivatives markets is high, denoting active buying, the Taker Buy Sell Ratio is red, hinting at some selling pressure in this segment.

虽然衍生品市场的资金费率较高，表明买入活跃，但接受者买卖比率为红色，暗示该细分市场存在一定的抛售压力。

Conclusion: A Bullish Outlook, but Caution Advised

结论：前景看涨，但建议谨慎

Overall, the indicators suggest that Bitcoin is well-positioned for a continued rally. However, it is crucial to note that the cryptocurrency market remains volatile, and investors should exercise caution before making investment decisions.

总体而言，这些指标表明比特币处于持续上涨的有利位置。但值得注意的是，加密货币市场依然波动，投资者在做出投资决定前应谨慎行事。