比特币价格小幅上涨后逼近 95,000 美元大关，市场可能触底

比特币在经历了小幅上涨后，目前正在追逐 95,000 美元大关。几个链上比特币指标表明了潜在的潜力

As Bitcoin continues its pursuit of the $95,000 mark with a slight gain in value, several on-chain metrics hint at a potential market bottom for the primary cryptocurrency.

随着比特币继续追求 95,000 美元大关，价值略有上涨，一些链上指标暗示主要加密货币的潜在市场底部。

Between January 7 and January 9, the price of Bitcoin experienced an 11% decrease, dipping below $92,000 for the first time in nine days. This shift resulted in over $257.5 million in leveraged long positions being liquidated. The decline coincides with profit-taking, strong economic data, and uncertainties related to the impending inauguration of US President-elect Donald Trump.

1 月 7 日至 9 日期间，比特币价格下跌 11%，九天内首次跌破 92,000 美元。这一转变导致超过 2.575 亿美元的杠杆多头头寸被清算。此次下跌恰逢获利回吐、强劲的经济数据以及美国当选总统唐纳德·特朗普即将就职的不确定性。

Despite this short-term bearish movement, three data indicators suggest that the drop to $92,000 might signify a local bottom for Bitcoin, presenting a promising entry point for investors.

尽管存在这种短期看跌走势，但三项数据指标表明，跌至 92,000 美元可能意味着比特币已经触底，为投资者提供了一个有希望的切入点。

Indicating capitulation or a market bottom, a Spent Output Profit Ratio (SOPR) of less than 1 suggests a good buying opportunity. As of January 10, the SOPR has decreased to 0.98. Calculated by comparing coin values when last moved and when spent again, SOPR measures the profit or loss of Bitcoin outputs. According to historical data, such drops in SOPR often precede price recoveries.

支出产出利润率 (SOPR) 小于 1 表明投降或市场触底，表明这是一个良好的买入机会。截至 1 月 10 日，SOPR 已降至 0.98。 SOPR 通过比较上次移动时和再次使用时的硬币价值来计算，衡量比特币输出的利润或损失。根据历史数据，SOPR 的这种下降通常先于价格回升。

Highlighting the drop to $92,800 as a major support area, Bitcoin investor Sean Buckley suggests it could be a strategic time to buy.

比特币投资者 Sean Buckley 强调跌至 92,800 美元是主要支撑区域，他表示这可能是买入的战略时机。

Another crucial metric, the Entity-adjusted Dormancy Flow, which evaluates the ratio of Bitcoin's market cap to the annualized dormancy value, has also signaled a potential bottom. Historically, values below 250,000 have indicated a good buy zone, often preceding major price recoveries or signaling the end of price corrections.

另一个关键指标是实体调整休眠流量，它评估比特币市值与年化休眠值的比率，也预示着潜在的底部。从历史上看，低于 250,000 的价格表明是一个良好的买入区域，通常先于价格大幅回升或标志着价格调整的结束。

Moreover, the supply distribution by long-term holders has peaked. This slowed distribution rate suggests a shift from distribution to accumulation, which has historically aligned with market bottoms. In past cycles, even after distribution peaks, the price of Bitcoin has continued to rise, indicating a potential market rebound.

此外，长期持有者的供应分配已达到顶峰。这种放缓的分配率表明从分配到积累的转变，这在历史上与市场底部一致。在过去的周期中，即使在发行高峰之后，比特币的价格仍持续上涨，表明市场可能出现反弹。

Collectively, these indicators suggest that the worst might be over for Bitcoin, offering a promising outlook for recovery from its recent lows. However, it's important to note that every investment move carries risk, and investors are advised to conduct their own research before making any decisions.

总的来说，这些指标表明比特币最糟糕的时期可能已经过去，为比特币从近期低点复苏提供了光明的前景。然而，值得注意的是，每项投资举措都存在风险，建议投资者在做出任何决定之前进行自己的研究。