比特币显示“卖方耗尽”，因为BTC价格动作徘徊在3AC倒塌以来的最高销售压力中近10万美元。

比特币表现出了显着的弹性，尽管自2022年加密货币对冲基金三箭头资本（3AC）的销售活动是最大的销售活动之一，但其头寸仍在95,000美元以上。

Bitcoin price showed surprising resilience on Monday, shrugging off one of the largest selling events at spot exchanges since the 2023 collapse of crypto hedge fund Three Arrows Capital (3AC).

比特币价格在周一表现出令人惊讶的弹性，自2023年加密货币对冲基金三箭头资本（3AC）的现场交流中耸了耸肩。

According to André Dragosch, head of research at Bitwise Europe, recent market data indicates that spot exchanges experienced their highest selling pressure since 3AC’s meltdown. However, Bitcoin’s price still hovers near the $100,000 mark, hinting at what Dragosch calls “seller exhaustion.”

根据Bitwise Europe研究负责人AndréDragosch的说法，最近的市场数据表明，Spot交流经历了自3AC崩溃以来的最高销售压力。但是，比特币的价格仍然徘徊在100,000美元的大关附近，暗示了Dragosch所谓的“卖方疲惫”。

Back in 2023, 3AC’s downfall triggered a wave of liquidations, taking down several major crypto lenders like BlockFi and Celsius. Yet, despite similar pressures today, Bitcoin remained surprisingly resilient—an encouraging sign for investors eyeing stability in uncertain markets.

早在2023年，3AC的倒台引发了一波清算，击落了Blockfi和Celsius等几个主要加密贷款人。然而，尽管今天施加了类似的压力，比特币仍然令人惊讶地弹性，这是对不确定市场中稳定性的投资者的鼓舞人心的信号。

Bitcoin’s resilience comes as the U.S. and China ramp up trade war tensions, with the U.S. announcing new tariffs on Chinese goods. This news follows reports that both countries are set to meet and discuss trade disputes, potentially paving the way for a resolution.

比特币的韧性随着美国和中国加剧贸易战争的紧张局势的袭击而来，美国宣布了对中国商品的新关税。该新闻报道说，这两个国家都将结束并讨论贸易纠纷，并有可能为决议铺平道路。

Meanwhile, BTC’s key $93,000 support level is crucial, as a drop below could lead to over $1.7 billion in leveraged positions being liquidated, according to Ryan Lee, chief analyst at Bitget Research. This could push the price down to $91,500 or lower.

同时，BTC的主要$ 93,000支持水平至关重要，因为下降可能会导致超过17亿美元的杠杆位置被清算。这可能会将价格降至91,500美元或更低。

In other news, U.S. Reverse Repo Facility (RRP) has dropped to its lowest level since early 2021, which could be a potential signal that the Fed’s quantitative tightening measures might be nearing an end, according to the Kobeissi Letter. This might trigger a liquidity shock that could significantly impact Bitcoin’s price.

在其他新闻中，根据Kobeissi的信件，美国反向回购设施（RRP）自2021年初以来已下降到其最低水平，这可能是一个潜在的信号表明，根据Kobeissi的信函，美联储的定量拧紧措施可能接近结束。这可能会引发流动性冲击，可能会严重影响比特币的价格。

Whales and retail investors are also seen taking opposite approaches in the market. Retail investors, defined as those holding less than 1 Bitcoin, are accumulating BTC at a pace 72% faster than last year’s average, according to on-chain analytics firm Glassnode.

还可以看到鲸鱼和零售投资者在市场上采取相反的方法。根据On-Chain Analytics公司GlassNode的数据，散户投资者的定义为持有少于1比特币的零售投资者的累积速度比去年的平均水平快72％。

In contrast, whales, or large holders, have been distributing their Bitcoin holdings at nine times the yearly average since Bitcoin crossed $100,000 in late 2023. This divergent behavior reflects conflicting outlooks on Bitcoin’s trajectory.

相比之下，鲸鱼或大型持有人的比特币持有量是每年平均水平的九倍，因为比特币在2023年末越过100,000美元。这种不同的行为反映了对比特币轨迹的看法相互矛盾。

Despite being touted as a safe-haven asset, Bitcoin's performance is lagging behind physical gold, which recently hit record highs. Peter Brandt highlights this disparity, while Alistair Milne suggests that BTC could still catch up given its potential for higher returns.

尽管被吹捧为安全的资产，但比特币的性能仍落后于物理黄金，该黄金最近击中了纪录的高点。彼得·布兰特（Peter Brandt）强调了这一差距，而阿利斯泰尔·米尔恩（Alistair Milne）认为，鉴于BTC的潜力更高，BTC仍然可以赶上。

The crypto market continues to see a battleground of opposing predictions, with some analysts like Bill Barhydt foreseeing Bitcoin embarking on a long-term rally toward $700,000. This projection is based on shifts in U.S. monetary policy, which could see potential tax cuts and liquidity injections to refinance trillions in U.S. debt.

加密货币市场继续看到一个反对预测的战场，一些分析师像Bill Barhydt这样的分析师预见了比特币进行了长期的集会，直到70万美元。这一预测是基于美国货币政策的转变，该政策可以看到潜在的减税和流动性注射到美国债务的再融资。

Currently, BTC trades at $97,352.50, showing a 0.86% gain on the day and a 1.16% increase over the past week.

目前，BTC的交易价格为97,352.50美元，显示当天增长0.86％，过去一周增长了1.16％。