遭受陡峭的30％校正后，比特币（BTC）显示了强度的迹象

尽管有波动性，比特币的弹性正在引起人们的注意。根据加密夸张的见解，鲸鱼（不包括交换和采矿池之类的实体的鲸鱼持有人）并未退出其立场。

Bitcoin (BTC) is showing signs of strength once again after suffering a steep 30% correction that took prices below the $75,000 mark. The broader crypto market joined BTC in a sharp rebound following a key macro development: U.S. President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This easing of trade war fears brought some much-needed relief across risk assets.

比特币（BTC）遭受了陡峭的30％的纠正，价格低于75,000美元，再次显示出强度的迹象。在关键的宏观发展之后，更广泛的加密市场加入了BTC：美国总统唐纳德·特朗普（Donald Trump）宣布对除中国以外的所有国家 /地区的相互关税暂停90天，现在面临145％的关税。贸易战的缓解恐惧带来了跨风险资产的一些急需的缓解。

Despite the volatility, Bitcoin’s resilience is gaining attention. According to insights from CryptoQuant, whales—large holders excluding entities like exchanges and mining pools—have not exited their positions. In fact, current on-chain data shows accumulation activity similar to what was observed during the August–September 2023 sideways market phase. This pattern historically reflects long-term conviction and has often preceded major rallies.

尽管有波动性，比特币的弹性正在引起人们的注意。根据加密夸张的见解，鲸鱼（不包括交换和采矿池之类的实体的鲸鱼持有人）并未退出其立场。实际上，当前的链上数据显示，积累活动类似于2023年8月至9月侧向市场阶段所观察到的活动。这种模式在历史上反映了长期的信念，并且经常在重大集会之前。

While short-term uncertainty remains, the continued presence of whale accumulation supports the idea that this correction is part of a broader bullish cycle rather than a structural breakdown. As prices stabilize and sentiment slowly improves, Bitcoin now faces a critical test to reclaim higher levels and potentially resume its upward trajectory.

尽管短期不确定性仍然存在，但鲸鱼积累的持续存在支持这样的想法，即这种校正是更广泛的看涨周期的一部分，而不是结构性崩溃。随着价格稳定和情感的逐渐改善，比特币现在面临着重大水平的重要测试，并可能恢复其向上的轨迹。

Bitcoin Resilient As Key Accumulation Suggests Bull Cycle Intact

比特币弹性作为关键积累表明牛周期完整

Bitcoin remains strong after reclaiming the $80,000 level, and many analysts believe the worst part of the correction is over. However, global tensions—especially those tied to escalating U.S. tariffs—continue to pressure financial markets, with fears of a looming global recession growing.

比特币在收回了80,000美元的水平后仍然很强大，许多分析师认为，更正的最糟糕的部分已经结束。但是，全球紧张局势，尤其是那些与美国关税升级的紧张关系 - 与金融市场施加压力，担心全球衰退迫在眉睫。

Despite this backdrop, Bitcoin has shown resilience and is now approaching a critical daily resistance near $88,700.

尽管有这种背景，但比特币表现出弹性，现在每天都接近$ 88,700。

The recent 90-day pause on reciprocal tariffs for all nations except China, which still faces a 145% tariff, has provided some short-term relief. But lasting recovery depends on whether the U.S. and China can reach a broader agreement.

除中国以外的所有国家（仍面临145％关税）以外的所有国家的相互关税的最新90天停顿提供了一些短期救济。但是持久的恢复取决于美国和中国是否可以达成更广泛的协议。

Meanwhile, on-chain data from CryptoQuant reveals a compelling trend: Bitcoin whales haven’t made their exit. These whales, excluding exchanges and mining pools, offer a clearer view of real trading behavior and accumulation patterns. Historically, their movements have closely mirrored price action.

同时，来自加密素养的链链数据表明了一个引人注目的趋势：比特币鲸没有退出。这些鲸鱼不包括交换和采矿池，可以更清楚地了解实际交易行为和积累模式。从历史上看，他们的动作非常反映了价格动作。

At the cycle peak last year, whale exits were marked by consistent profit-taking. This time, however, they are accumulating again, echoing patterns seen in the August–September 2023 sideways market. Unlike the 2020 COVID crash, which whales anticipated with early exits, they are holding firm during this correction.

在去年的周期峰值上，鲸鱼出口以持续的利润为标志。但是，这次他们再次积累，在2023年8月至9月的侧向市场中看到的模式。与鲸鱼预期在早期出口预期的鲸鱼崩溃的情况下，他们在此更正期间保持坚定。

This suggests the current downturn is not a structural crisis but a sharp pullback in a broader bull cycle. If this manufactured crisis resolves, a new wave of liquidity—possibly driven by QE from both the Fed and China—could favor assets like gold and Bitcoin. For now, whale conviction remains a bullish signal.

这表明当前的低迷不是结构性危机，而是更广泛的牛周期中的急剧下降。如果这种制造的危机解决了，那么新的流动性 - 可能是由美联储和中国的QE驱动的，应该有利于金和比特币等资产。目前，鲸鱼定罪仍然是看涨的信号。

BTC Price Near Key Moving Averages

BTC价格靠近钥匙移动平均

Bitcoin is trading at $83,600, now just 5% away from the 200-day moving average (MA) around $87,100. This technical level is a crucial milestone for bulls aiming to confirm a reversal and reestablish a long-term uptrend.

比特币的交易价格为83,600美元，现在距离200天移动平均线（MA）仅5％，约为87,100美元。对于公牛的目的是确认逆转并重新建立长期上升趋势，这是一个至关重要的里程碑。

To build a solid bullish case, BTC must not only hold above the $81,000 support zone but also reclaim the $85,000 level, which aligns closely with the 200-day exponential moving average (EMA).

要建立一个坚实的看涨案件，BTC不仅必须超过81,000美元的支持区，而且还必须重新获得85,000美元的水平，这与200天的指数移动平均线（EMA）紧密相符。

Reclaiming these moving averages would signal a potential shift in trend, helping reinforce short-term momentum and restore confidence across the market. The price action over the past week has shown signs of strength, but technical validation through these averages is essential before a true breakout can unfold.

收回这些移动平均值将表示趋势的潜在转变，有助于增强短期动量并恢复整个市场的信心。过去一周的价格行动显示出强度的迹象，但是在真正的突破之前，通过这些平均值进行技术验证至关重要。

However, downside risks remain. If Bitcoin fails to maintain the $81,000–$80,000 range, selling pressure could escalate quickly. A breakdown below this region would likely open the door to a retest of the $75,000 level, where demand could be tested again.

但是，仍然存在下行风险。如果比特币无法维持81,000美元至80,000美元的范围，那么销售压力可能会迅速升级。低于该地区的故障可能会为重新测试75,000美元的重新测试打开了大门，在那里需求可以再次进行测试。

With macroeconomic tensions still affecting investor sentiment, BTC is at a critical inflection point. The coming days will determine whether bulls can solidify control—or if another correction leg is on the horizon.

由于宏观经济紧张局势仍影响投资者的情绪，BTC处于关键的拐点。接下来的日子将决定公牛是否可以巩固控制，或者其他校正腿在地平线上。