比特币投资者失去风险偏好，8.8 万美元大关证明具有吸引力的切入点

比特币的供应上限为 2100 万枚，其市值已飙升至 2 万亿美元以上，截至撰写本文时，每枚 BTC 的价值为 102,383 美元。

Bitcoin’s (BTC) price has surged past a key resistance level, putting the world’s largest cryptocurrency on track for a fresh all-time high. But as BTC’s price rallies, a closer look at the stablecoin market reveals a massive influx of funds that could be setting the stage for a sell-off.

比特币（BTC）的价格已突破关键阻力位，使世界上最大的加密货币有望创下新的历史新高。但随着比特币价格上涨，仔细观察稳定币市场就会发现，大量资金涌入，可能为抛售奠定基础。

With a capped supply of 21 million, Bitcoin’s market cap has soared past $2 trillion, with each BTC valued at $102,383 at the time of writing. In comparison, the total value of bonds and real estate stands at $450 trillion, highlighting the vast potential for further growth in the crypto market.

比特币的供应量上限为 2100 万枚，其市值已飙升至 2 万亿美元以上，截至撰写本文时，每枚 BTC 的价值为 102,383 美元。相比之下，债券和房地产的总价值为 450 万亿美元，凸显了加密货币市场进一步增长的巨大潜力。

Bitcoin price surges past key resistance level

比特币价格飙升至关键阻力位

Bitcoin still trails traditional 20th-century assets, but the king coin’s rapid jump from $67K to $102K in just 40 days signals a future that’s hard to ignore. However, as is often the case with fast gains, the short-term outlook for Bitcoin is far from certain.

比特币仍然落后于传统的 20 世纪资产，但这种王币在短短 40 天内从 6.7 万美元迅速跃升至 10.2 万美元，预示着一个难以忽视的未来。然而，正如快速上涨的情况一样，比特币的短期前景还远未确定。

While Bitcoin fiyatı initially surged past the $88K mark, a closer look reveals that the rally could be running out of steam. This key price level served as a magnet for investors, particularly those who entered the market during the "Trump pump" earlier this year.

虽然比特币价格最初飙升至 8.8 万美元大关，但仔细观察就会发现，涨势可能已经失去动力。这一关键价格水平吸引了投资者，尤其是那些在今年早些时候“特朗普暴涨”期间进入市场的投资者。

As Bitcoin approached the $88K mark again, a massive influx of stablecoins flooded the market, indicating that investors were preparing to buy BTC once the volatility subsided.

随着比特币再次逼近 8.8 万美元大关，大量稳定币涌入市场，这表明投资者正准备在波动性消退后购买 BTC。

At the time, around $148 billion in stablecoins were waiting on crypto exchanges to be deployed into the market.

当时，大约 1480 亿美元的稳定币正在等待加密货币交易所部署到市场。

However, Bitcoin fiyatı failed to break through the $90K resistance level multiple times in quick succession, despite the large stablecoin inflows. Instead, the price dropped back down to the $84K range.

然而，尽管稳定币大量流入，但比特币未能快速连续多次突破 9 万美元阻力位。相反，价格回落至 8.4 万美元的范围。

This sell-off occurred as investors who had purchased Bitcoin at lower prices decided to cash out their profits, leading to a potential top being formed at around the $88K price point.

这次抛售发生的原因是，以较低价格购买比特币的投资者决定兑现利润，导致潜在顶部在 8.8 万美元左右的价格点形成。

Bitcoin fiyatı now faces a critical test as it attempts to hold above the $84K support level. If BTC fails to stay above this key price floor, it could trigger a sell-off by investors who had purchased Bitcoin at a higher cost basis.

比特币现在面临着严峻的考验，因为它试图保持在 8.4 万美元的支撑位之上。如果比特币未能保持在这一关键价格下限之上，可能会引发以较高成本购买比特币的投资者的抛售。

Moreover, a failure by the market to absorb the selling pressure could result in a further sell-off down to the $78K to $80K range, where another strong support level lies.

此外，市场未能吸收抛售压力可能会导致进一步抛售至 78,000 美元至 80,000 美元的区间，这是另一个强劲的支撑位。

On the other hand, if Bitcoin fiyatı manages to hold above the $84K support level, it could pave the way for another attempt at breaking through the $90K resistance zone.

另一方面，如果比特币价格能够维持在 8.4 万美元的支撑位之上，则可能为再次尝试突破 9 万美元的阻力区铺平道路。

A successful breakout above this resistance level would likely propel Bitcoin fiyatı towards the $100K round number price resistance, followed by the all-time high of $104K.

如果成功突破该阻力位，可能会推动比特币价格突破 10 万美元整数价格阻力位，随后触及 10.4 万美元的历史新高。