随着比特币进入“极端贪婪”区域，比特币矿工和长期持有者准备迎接市场调整

正如恐惧和贪婪指数所示，比特币最近进入了许多人所说的“极度贪婪”区域。

Bitcoin Fear and Greed Index Surges, Signaling Accumulation and Anticipation of Higher Prices

比特币恐惧和贪婪指数飙升，表明积累和对价格上涨的预期

The Bitcoin Fear and Greed Index has recently entered the “Extreme Greed” zone, indicating a heightened level of investor optimism.

比特币恐惧和贪婪指数最近进入了“极度贪婪”区域，表明投资者的乐观情绪有所增强。

This zone is typically observed during periods of sustained upward price movement and strong accumulation.

该区域通常出现在价格持续上涨和强劲吸筹期间。

Over the last week, the index has hit starkly high levels, marked by dark-green column bars, indicating an intense accumulation phase.

上周，该指数已达到极高水平，以深绿色柱形条为标志，表明处于强烈的吸筹阶段。

Bitcoin prices have responded by surging to new highs, flirting with price points that were once considered lofty aspirations.

比特币价格的反应是飙升至新高，与曾经被认为是崇高愿望的价格点调情。

This climactic rise has stirred speculation among traders and analysts about an impending correction.

这种高潮性的上涨激起了交易员和分析师对即将到来的调整的猜测。

This pattern is not new; similar spikes in the index have typically led to pullbacks as traders take profits and the market re-calibrates.

这种模式并不新鲜；随着交易者获利了结和市场重新调整，该指数的类似飙升通常会导致回调。

With the index peaking, the community is on edge, anticipating whether Bitcoin will sustain its bullish momentum or succumb to a sell-off, triggered by profit-taking and market jitters.

随着该指数见顶，整个社区都处于紧张状态，他们预测比特币是否会维持看涨势头，或者因获利了结和市场不安而引发抛售。

Bitcoin Miners Sell Off Holdings as Prices Peak

比特币矿商在价格见顶时抛售持有的比特币

A look at the trends of Bitcoin Miners and Long-Term Holders reveals some interesting dynamics.

观察比特币矿工和长期持有者的趋势，可以发现一些有趣的动态。

Bitcoin miners appear to be selling off their holdings as Bitcoin’s price remains robust.

由于比特币价格依然坚挺，比特币矿商似乎正在抛售其持有的比特币。

In the past week alone, miner outflows spiked significantly, coinciding with Bitcoin’s price reaching $88K, marking a clear signal that miners are taking profits ahead of a potential Bitcoin peak.

仅在过去一周，矿商资金流出就大幅飙升，同时比特币价格达到 8.8 万美元，这标志着矿商在比特币潜在峰值之前获利了结的明确信号。

Historically, such sales often prelude significant market movements, suggesting we could be nearing a market top.

从历史上看，此类销售往往预示着重大的市场波动，表明我们可能已接近市场顶部。

Despite this sell-off, the broader sentiment in the Bitcoin market remains bullish.

尽管遭到抛售，比特币市场的整体情绪仍然看涨。

Long-term holders of Bitcoin, seen as the backbone of market stability, have offloaded around 300,000 BTC.

被视为市场稳定支柱的比特币长期持有者已抛售约 30 万枚比特币。

This figure is substantially lower than the sell-offs witnessed in March 2024, which saw nearly a million BTC being sold.

这一数字远低于 2024 年 3 月的抛售，当时出售了近 100 万比特币。

The reduced scale of this selling suggests that while the market is experiencing some pressure from sellers, the intensity is much less severe than in previous cycles.

此次抛售规模的缩小表明，虽然市场正承受着来自卖家的一些压力，但其强度比之前的周期要小得多。

This could indicate continued bullishness, as the selling pressure is not as overwhelming despite rising prices.

这可能表明看涨情绪持续存在，因为尽管价格上涨，但抛售压力并未那么巨大。

The current dynamics suggest a cautious optimism, with an undercurrent of strategic profit-taking by miners tempered by a strong holding pattern among long-term investors.

目前的动态显示出一种谨慎乐观的情绪，长期投资者的强烈持有模式削弱了矿商战略性获利回吐的暗流。

On-Chain Analysis Shows Accumulation at Key Price Levels

链上分析显示关键价格水平的积累

More On-Chain Buying of BTC

更多 BTC 链上购买

Delving deeper into on-chain activity, we observe that while Bitcoin miners are selling, smaller addresses are accumulating.

深入研究链上活动，我们观察到，虽然比特币矿工在抛售，但较小的地址正在积累。

According to data from IntoTheBlock, a significant number of addresses are showing intense buying activity around the $89.2K price level.

根据 IntoTheBlock 的数据，大量地址在 89.2 万美元的价格水平附近显示出强烈的购买活动。

As Bitcoin’s price currently teeters just below this critical threshold, this level could potentially serve as a pivotal support or resistance point in the near future.

由于比特币的价格目前略低于这一关键阈值，因此该水平可能在不久的将来成为关键支撑或阻力点。

The data shows that there was also considerable accumulation at lower price levels, which might act as foundational support if the price dips.

数据显示，在较低价格水平上也存在大量积累，如果价格下跌，这可能会成为基础支撑。

However, the large cluster of buying at $89.2K suggests that many investors are anticipating higher prices, positioning this level as a battleground between bears and bulls in the market dynamics.

然而，89.2K 美元的大量买盘表明许多投资者预计价格会上涨，并将这一水平定位为市场动态中空头和多头之间的战场。

The interest at these levels not only reflects investor sentiment but also hints at potential strategic moves in the market.

这些水平的兴趣不仅反映了投资者的情绪，还暗示了市场潜在的战略举措。

If this zone will indeed turn into resistance, we can potentially expect a decline, otherwise, if a breakthrough occurs, it will propel BTC to new highs, driven by positive investor sentiment and large-scale buys at these lower levels.

如果该区域确实会变成阻力位，我们可能会预期下跌，否则，如果出现突破，在积极的投资者情绪和在较低水平进行大规模买入的推动下，它将推动 BTC 升至新高。