领先的硬币比特币过去几周动荡不安

领先的硬币比特币过去几周动荡不安，其价格麻烦促使许多短期投资者（通常被称为“纸手”）退出市场。

Leading coin Bitcoin has had a turbulent past few weeks, with its price troubles prompting many short-term investors—often referred to as “paper hands”—to exit the market. However, amidst the price volatility, the coin’s long-term holders (LTHs) remain resolute and show no signs of backing down as they attempt to push BTC back above $85,000.

领先的硬币比特币过去几周动荡不安，其价格麻烦促使许多短期投资者（通常被称为“纸手”）退出市场。但是，在价格波动中，硬币的长期持有人（LTHS）仍然坚定不移，并且在试图将BTC推迟到85,000美元以上时没有备份的迹象。

In a recent analysis, CryptoQuant analyst Burak Kesmeci assessed BTC’s Long-Term Holder Net Position Change (30d sum) and found that since April 6, the metric has turned positive, showing clear upward momentum. As a result, BTC has risen by approximately 12%.

在最近的分析中，加密分析师Burak Kesmeci评估了BTC的长期持有人净位置变化（30d Sum），并发现自4月6日以来，该指标已变为正面，显示出明显的向上势头。结果，BTC增长了约12％。

This metric tracks the buying and selling behavior of LTHs (those who have held their assets for at least 155 days) to measure the shift in the number of coins held by these investors over a specific period. When its value is positive, it indicates that LTHs are not selling and remain optimistic about BTC’s future price performance. Conversely, when it turns negative, it suggests that these holders are selling or distributing their coins, often in response to market pressures, which is a bearish signal.

该指标跟踪了LTH的买卖行为（那些持有资产至少155天的人），以衡量这些投资者在特定时期内持有的硬币数量的变化。当它的价值为正时，它表明LTH不出售，并且对BTC的未来价格绩效保持乐观。相反，当它变为负面时，它表明这些持有人通常是为了响应市场压力而出售或分发硬币，这是看跌信号。

LTHs Shift From Selling to Stack More Coins

lths从销售转变为堆叠更多硬币

According to Kesmeci, BTC’s Long-Term Holder Net Position Change (30d sum) flipping positive is notable. This metric had remained below zero since October last week, signaling that LTHs were consistently selling their BTCs. The sellofs reached their lowest point on December 5, prompting a 32% dip in BTC’s price and marking the peak of a 6-month period of distribution by LTHs.

根据Kesmeci的说法，BTC的长期持有人净位置变化（30d Sum）呈阳性。自上周10月以来，该指标一直保持在零以下，这表明LTHS一直在出售其BTC。卖出在12月5日达到了最低点，促使BTC的价格下降了32％，并标志着LTHS分配了6个月的高峰。

However, this trend has changed since April 6. The metric now sits above zero and is in an uptrend. Speaking on what this means, Kemesci added:

但是，这种趋势自4月6日以来发生了变化。该指标现在位于零以上，并且处于上升趋势。在谈到这意味着什么时，Kemesci补充说：

“While it’s too early to say definitively, the growing positive momentum in this metric could be a sign that long-term conviction is returning to the market.”

“虽然现在说的还为时过早，但该指标中日益增长的积极势头可能表明长期定罪正在返回市场。”

Moreover, BTC’s funding rate has remained positive amid its price troubles, confirming the bullish outlook above. At press time, this is at 0.037%.

此外，由于价格麻烦，BTC的筹资率仍然是正面的，这证实了上述看涨的前景。发稿时，这是0.037％。

The funding rate is the periodic payment exchanged between long and short traders in perpetual futures markets. It is designed to keep the futures price close to the underlying asset’s spot price. When it is positive like this, long traders are paying short traders. This indicates a bullish market sentiment, as more traders are betting on BTC’s price to climb.

资金率是永久期货市场中的长交易者和短交易者之间的定期付款。它旨在使期货价格接近基础资产的现货价格。当这样积极时，漫长的交易者正在向短交易者支付。这表明了看涨的市场情绪，因为越来越多的贸易商押注BTC的攀升。

BTC Price Analysis: Next Levels In Sight

BTC价格分析：视线下的下一个级别

The surge in accumulation from BTC LTHs has pushed the coin’s price above the key resistance at $81,863. At press time, the king coin trades at $83,665.

BTC LTHS的积累激增将硬币的价格提高到了关键阻力高于81,863美元。发稿时，国王硬币的交易价格为83,665美元。

As the market responds to these sustained buying pressures from LTHs, the coin’s price may be primed for a significant rally in the near future. If retail traders follow suit and increase their coin demand, BTC could break above $85,000 to reach $87,730.

当市场对LTHS的这些持续购买压力做出反应时，硬币的价格可能会在不久的将来进行重大集会。如果零售商人效仿并增加了硬币需求，BTC可能会损失85,000美元以上，达到87,730美元。

However, if the accumulation trend ends and these LTHs begin to sell for gains, BTC could resume its decline, fall below $81,863, and drop toward $74,389.

但是，如果积累趋势结束并且这些LTHS开始以销售收益出售，BTC可以恢复其下降，低于81,863美元，并跌至74,389美元。