为什么$ 87,000的水平可能对比特币价格的长期健康至关重要

在过去的几周中，比特币的价格在恢复其六位数估值的旅程中无法维持任何有意义的势头。

Over the past few weeks, the Bitcoin price has not been able to sustain any meaningful momentum in its journey to recover its six-figure valuation. After falling to just above $81,000 on Tuesday, March 18, the flagship cryptocurrency pushed for the $87,000 mark before facing a significant level.

在过去的几周中，比特币的价格在收回其六位数估值的过程中无法维持任何有意义的势头。 3月18日星期二跌至81,000美元以上的$ 81,000之后，旗舰加密货币在面对显着水平之前以87,000美元的成绩推向了$ 87,000。

According to a March 21 post by popular crypto analyst Maartunn, this $87,000 price point could be crucial for the long-term health of the Bitcoin market.

根据流行的加密分析师Maartunn的3月21日帖子，这个87,000美元的价格点可能对比特币市场的长期健康至关重要。

To understand why this specific analysis matters, it’s best to break down the average on-chain cost basis of several BTC investors. Cost-basis analysis assesses a price level’s capacity to function as either resistance or support by examining the total amount of coins purchased in or around it. The size of the dot in the chart below indicates the number of coins bought within a particular price bracket (hence the strength of the support or resistance area).

要了解为什么这种特定分析很重要，最好分解几位BTC投资者的平均链上成本基础。成本基础分析通过检查在其周围或周围购买的硬币总量来评估价格水平作为电阻或支持的能力。下图中的点的大小表示在特定价格支架内购买的硬币数量（因此，支撑或阻力区域的强度）。

As highlighted by Maartunn, about 5.58 million addresses bought 3.79 million BTC (valued at $367 billion at an average price of $97,059) between the $87,867 – $106,839 region. These investors are “sitting on a hot potato” and are currently in the red, having purchased coins at prices higher than the current market valuation.

正如Maartunn强调的那样，约有558万个地址购买了379万BTC（价值3670亿美元，平均价格为97,059美元），在87,867美元至106,839美元之间。这些投资者“坐在热马铃薯上”，目前处于红色状态，以高于当前市场估值的价格购买了硬币。

Typically, this $87,867 – $106,839 region acts as a crucial resistance area. If the Bitcoin price rises again and reaches this zone, these investors are likely to sell their assets should the market return to their cost basis. This selling activity would put some downward pressure on the premier cryptocurrency, hindering the further upward price movement.

通常，这个$ 87,867 - 106,839美元的地区充当关键阻力区域。如果比特币价格再次上涨并到达该区域，则这些投资者很可能会出售其资产，如果市场恢复到其成本基础。这项销售活动将给总理加密货币带来一些向下压力，从而阻碍了进一步的向上价格变动。

Furthermore, the investors within the $87,867 – $106,839 region are identified as short-term holders, a class of investors known to be “fragile” and more responsive to slight market movements. This might not be an ideal scenario, especially if the market experiences another wave of bearish pressure.

此外，投资者在87,867美元至106,839美元的地区被确定为短期持有人，一类已知的投资者“脆弱”，对微小市场变动的反应更大。这可能不是理想的情况，尤其是如果市场承受着另一种看跌压力。

Short-term holders have been linked to significant sell-off events in reaction to price fluctuations. Ultimately, this implies that the Bitcoin market could experience a severe capitulation event if the short-term investors in the $87,867 – $106,839 region are forced to realize their losses.

短期持有人与对价格波动的反应有关重大的抛售事件。最终，这意味着，如果87,867美元至106,839美元的短期投资者被迫实现损失，则比特币市场可能会遇到严重的投降活动。

Bitcoin Price At A Glance

比特币价格一目了然

As of this writing, the price of BTC is trading at $84,000, reflecting no significant change in the past 24 hours.

截至撰写本文时，BTC的价格为84,000美元，反映了过去24小时内没有重大变化。