尽管最近的价格更正，但链上指标表明比特币（BTC）正在进入不对称需求的区域

几个月前，比特币（BTC）在其历史最高售价接近109,000美元之后，仍处于合并阶段。尽管最近的价格更正了，有些

Bitcoin (BTC) remains in a consolidation phase after hitting its all-time high near $109,000 several months ago. Despite recent price corrections, some on-chain market indicators suggest a structural supply shortage could be developing, potentially setting the stage for another bullish move in the coming days or weeks.

几个月前，比特币（BTC）在其历史最高售价接近109,000美元之后，仍处于合并阶段。尽管最近的价格更正了，但一些链上市场指标表明可能正在发展结构性供应短缺，有可能为未来几天或几周内的另一次看涨行动奠定基础。

Major crypto market analysts are pointing to decreasing Bitcoin inflows onto exchanges as a key factor to watch. They are also highlighting critical support levels that, if held, could push the leading digital asset back above $90,000 soon.

主要加密市场分析师指出，将比特币流入交换为关键因素。他们还强调了关键的支持水平，如果持有，则可能很快将领先的数字资产推迟到90,000美元以上。

Is Bitcoin Selling Pressure Declining?

比特币销售压力下降吗？

CryptoQuant verified author Axel Adler reports that average Bitcoin selling pressure across top exchanges has declined sharply. He noted how daily outflows dropped sharply from a peak of 81,000 BTC down to just 29,000 BTC per day over a measured period.

加密验证的作者阿克塞尔·阿德勒（Axel Adler）报告说，跨顶级交流的平均比特币销售压力急剧下降。他指出，每天流出的峰值从81,000 BTC的峰值下降到每天仅29,000 BTC的峰值下降。

This sharp drop in the amount of Bitcoin moving onto exchanges suggests that fewer investors are transferring BTC to platforms where it could be readily sold. This trend would likely reduce overall immediate selling pressure on the market.

迁移到交易所的比特币数量的急剧下降表明，较少的投资者将BTC转移到了很容易出售的平台上。这种趋势可能会减少总体立即销售市场的压力。

Adler describes this market state as potentially entering a “zone of asymmetric demand.” His view suggests that most sellers largely exited near recent price highs, while current buyers appear comfortable holding or accumulating within the present consolidation range. However, Adler also noted that the April-May timeframe could remain a period of consolidation before Bitcoin experiences its next major price impulse.

阿德勒（Adler）将这个市场状态描述为可能进入“不对称需求区域”。他的观点表明，大多数销售商在最近的价格高点附近退出，而目前的买家在当前合并范围内似乎很舒适地持有或累积。但是，阿德勒还指出，在比特币经历其下一个主要价格冲动之前，四月至5月的时间范围可能会保持合并。

Adler shared a chart illustrating that significant exchange inflows have historically coincided with sharp price drops for Bitcoin in previous cycles. Conversely, decreasing inflows often suggest periods of price stabilization or potential recovery phases developing.

阿德勒（Adler）分享了一张图表，说明了大量的交换流入与以前的周期中比特币的急剧价格下跌相吻合。相反，下降的流入通常表明价格稳定或潜在的恢复阶段正在发展。

As of late March 2025, Bitcoin’s price has fluctuated mainly within the $80,000–$85,000 range. The seven-day moving average (SMA) of exchange inflows continues trending downward, further supporting the idea that immediate selling pressure is currently fading.

截至2025年3月下旬，比特币的价格主要在80,000至85,000美元的范围内波动。交换流入的7天移动平均线（SMA）继续向下趋势，进一步支持了目前立即销售压力正在逐渐消失的想法。

Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows

相关：比特币和以太坊ETF显示资本流的对比趋势

What Are Bitcoin’s Key Support Levels?

比特币的主要支持水平是多少？

Analyst Ali Martinez previously noted that below the $80,000 price level, Bitcoin faces an “air gap.” In his technical view, this means minimal to no support exists until the $70,000 area.

分析师阿里·马丁内斯（Ali Martinez）此前指出，比特币低于80,000美元的价格水平，面临“气隙”。从他的技术角度来看，这意味着直到70,000美元的地区之前，不存在最小的支持。

Below $80,000, #Bitcoin $BTC faces an air gap! There’s little to no support until $70,000. pic.twitter.com/22HQNTctJ1

低于$ 80,000，#bitcoin $ btc面临气隙！直到70,000美元，几乎没有支持。 pic.twitter.com/22HQNTCTJ1

He also noted critical support levels for BTC based on specific pricing band indicators shown on his charts. These include levels near $76,180, $58,080, $43,740, and $39,980.

他还根据图表上显示的特定定价带指标指出了BTC的关键支持水平。其中包括接近$ 76,180，$ 58,080，$ 43,740和$ 39,980的水平。

What is Bitcoin’s Current Price Action?

比特币目前的价格行动是什么？

At the time of writing (early April 1), BTC trades near $83,410. This represents an approximate 2% gain over the past 24 hours, following a bounce from recent lows of $81,300 shortly after Strategy Inc. announced a new crypto purchase.

在撰写本文时（4月1日初），BTC的交易价格接近$ 83,410。在过去的24小时内，这在过去的24小时中的增长约为2％，此前战略公司宣布了新的加密货币购买后不久的81,300美元的反弹。

However, the price has so far failed to claim the 20-day Exponential Moving Average (EMA), currently situated near $84,824. This moving average now acts as immediate overhead resistance. If Bitcoin fails to break this resistance level soon, it may face renewed downward pressure toward the key support levels identified previously.

但是，到目前为止，价格未能要求为20天的指数移动平均线（EMA），目前定为84,824美元。现在，这个移动平均线是立即的高架阻力。如果比特币未能尽快打破这种阻力水平，则可能面临着对先前确定的关键支撑水平的下降压力。