比特币显示出早期恢复的迹象，因为它的交易高于关键需求水平

比特币显示出早期恢复的迹象，因为它在销售压力繁重和宏观经济不确定性上升后，其交易高于关键需求水平。

Bitcoin (BTC) showed early signs of recovery as it traded above key demand levels following weeks of heavy selling pressure and rising macroeconomic uncertainty. After plunging more than 29% from its all-time high (ATH) of $109,000 in January, BTC managed to bounce over 7% from its recent low of $81,000 recorded last Tuesday.

比特币（BTC）在数周的销售压力和宏观经济不确定性上升后，比特币（BTC）恢复了早期的恢复迹象。一月份的历史最高水平（ATH）跌幅超过29％，BTC从上周二记录的81,000美元的低点弹跳了7％以上。

This rebound sparked cautious optimism among market participants, although analysts remained divided on Bitcoin’s next move. Some opined that the recent rally could be short-lived and mark the beginning of a prolonged bear market. Others argued that Bitcoin’s long-term fundamentals remained strong and that a bullish continuation was still possible.

这种反弹引发了市场参与者的谨慎乐观情绪，尽管分析师在比特币的下一步行动上仍然存在分歧。一些人认为最近的集会可能是短暂的，并标志着长时间熊市的开始。其他人则认为，比特币的长期基本面仍然很强大，而且看涨仍然是可能的。

One encouraging sign during this period came from institutional flows. For the fourth consecutive trading session, net USD inflows into U.S. Spot Bitcoin ETFs remained positive, according to top analyst Axel Adler, who shared the on-chain data via X.

在此期间，一个令人鼓舞的迹象来自机构流动。据顶级分析师阿克塞尔·阿德勒（Axel Adler）称，在连续第四次交易会议上，净美元汇入美国现货比特币ETF仍然是积极的。

The total amount added to these ETFs during this period reached $632 million, highlighting continued interest from institutional investors despite market turbulence. As these inflows strengthened Bitcoin’s on-chain demand, bulls could gain the momentum needed to push prices toward critical resistance levels.

在此期间，这些ETF的总金额达到了6.32亿美元，尽管市场动荡，但仍来自机构投资者的持续利息。随着这些流入加强了比特币的链链需求，公牛可以获得将价格推向关键阻力水平所需的势头。

While uncertainty still hung over the broader financial markets—driven by inflation fears, interest rate speculation, and geopolitical tensions—Bitcoin appeared to be at a crucial crossroads where demand from ETFs may play a decisive role in shaping its next major move.

尽管不确定性仍然存在于更广泛的金融市场，这是由于通货膨胀恐惧，利率投机和地缘政治紧张局势所驱动的，Bitcoin似乎处于至关重要的十字路口，在这种十字路口中，ETF的需求可能在塑造其下一个重大行动中起决定性作用。

Bitcoin price analysis: Bulls need to defend $85.5K as more technical support is lost

比特币价格分析：随着损失更多的技术支持，公牛需要捍卫$ 85.5K

Bitcoin is now trading above key support levels, but bulls still have work to do to confirm a full recovery. Since late January, global markets have been pressured by growing trade war tensions and unpredictable actions by U.S. President Trump, including aggressive tariff policies and foreign policy shifts. These developments have added volatility across risk assets, from crypto to equities, and dampened hopes for a strong bull run in 2025.

比特币现在正在超过关键支持水平的交易，但是公牛仍然需要做一些工作来确认全面恢复。自1月下旬以来，美国总统特朗普的贸易战紧张局势和不可预测的行动施加了压力，包括积极的关税政策和外交政策的转变。这些事态发展增加了从加密货币到股票的风险资产的波动性，并希望在2025年越来越强烈的公牛运行。

While recession fears are spreading and talk of a broader bear market continues to surface, some analysts believe Bitcoin’s long-term trend could remain intact. One encouraging sign comes from institutional demand.

尽管经济衰退的恐惧正在蔓延，并且对更广阔的熊市市场的讨论持续浮出水面，但一些分析家认为比特币的长期趋势可能仍然完好无损。一个令人鼓舞的信号来自机构需求。

Top analyst Axel Adler shared on-chain data via X, revealing that net USD inflows into U.S. Spot Bitcoin ETFs have stayed positive for the fourth consecutive trading session. The total amount added to these ETFs during this period reached $632 million, highlighting renewed confidence from institutions.

顶级分析师阿克塞尔·阿德勒（Axel Adler）通过X共享了链上的数据，表明净美元向美国的现货比特币ETF在连续第四次交易中保持阳性。在此期间，这些ETF的总金额达到了6.32亿美元，强调了机构的新信心。

This consistent inflow signals continued interest from institutional investors despite market turbulence. As these inflows strengthen Bitcoin’s on-chain demand, bulls could gain the momentum needed to push prices towards critical resistance levels.

尽管市场动荡，但这种稳定的流入信号仍来自机构投资者的兴趣。随着这些流入增强比特币的链链需求，公牛可能会获得将价格推向关键阻力水平所需的势头。

However, the broader financial markets remain in uncharted territory, with persistent inflation fears, interest rate speculation, and geopolitical tensions keeping traders on edge. This macro environment will likely influence how Bitcoin performs in the coming days and weeks.

但是，更广泛的金融市场仍在未知的领土上，持续的通货膨胀恐惧，利率投机和地缘政治紧张局势使贸易商处于优势。这种宏观环境可能会影响比特币在未来几天和几周内的性能。

As Bitcoin price approaches a crucial crossroads, demand from ETFs may play a decisive role in shaping its next major move.

随着比特币价格接近至关重要的十字路口，ETF的需求可能在塑造其下一个重大举动方面发挥决定性作用。