分析師突出顯示關鍵比特幣（BTC）成本基礎區域

比特幣開始顯示新發現的跡象，在過去一周中，頂級數字資產飆升了近3.5％，交易範圍為80,000美元

In the swirling vortex of the crypto market, especially in the ebullient bull market of the past year, new narratives and market drivers are constantly emerging. A recent CryptoQuant Quicktake post by contributor Crazzyblockk sheds light on key Bitcoin (BTC) cost basis zones that the flagship cryptocurrency must clear – or avoid breaking below – to sustain its bullish momentum.

在加密貨幣市場的漩渦渦流中，尤其是在過去一年狂熱的牛市中，新的敘事和市場驅動因素一直在不斷出現。撰稿人Crazzyblockk最近的一篇加密快速帖子闡明了旗艦加密貨幣必須清除（或避免在下面突破）以維持其看漲勢頭的關鍵比特幣（BTC）成本基礎區域。

Analyst Highlights Key Bitcoin Cost Basis Zones

分析師重點介紹關鍵比特幣成本基礎區域

Bitcoin price is beginning to show signs of newfound strength, with the top digital asset surging nearly 3.5% over the past week and trading in the high $80,000 range at the time of writing. BTC’s resilience amid the global equity market downturn has reignited discussions about the cryptocurrency’s potential to ‘decouple’ from traditional markets.

比特幣的價格開始顯示出新發現的跡象，在過去一周中，最高數字資產飆升了近3.5％，在撰寫本文時，數字資產的交易範圍為80,000美元。 BTC在全球股票市場下滑中的韌性重新激發了關於加密貨幣從傳統市場“解散”潛力的討論。

In a recent Quicktake post, CryptoQuant contributor Crazzyblockk broke down Bitcoin’s various cost basis zones and realized price cohorts to identify key resistance and support levels.

在最近的QuickTake帖子中，CryptoQuant貢獻者Crazzyblockk打破了比特幣的各種成本基礎區域，並實現了價格同夥，以識別關鍵的阻力和支持水平。

The analyst noted that short-term holders – those who have held BTC for less than 155 days – currently have their realized price, or average cost, sitting at the $91,500 resistance level. Crazzyblockk added that this group tends to be the most price-sensitive.

分析師指出，短期持有人 - 那些持有BTC不到155天的人 - 目前的價格或平均成本為91,500美元，電阻水平為91,500美元。 Crazzyblockk補充說，這個群體往往是最敏感的。

On the other hand, the cost basis for new holders – those who have held the digital asset for one to three months – currently has its strongest support level around $83,700. The analyst pointed out that this level represents the cost basis of recent market participants, who often lead short-term trend changes.

另一方面，新持有人的成本基礎 - 那些擁有數字資產一到三個月的人的成本基礎 - 目前的支持水平最強，約為83,700美元。分析師指出，這一水平代表了最近的市場參與者的成本基礎，他們經常會導致短期趨勢變化。

To clarify, cost basis zones are price levels where a significant amount of BTC was last moved or acquired. A potential breakout above the short-term holders’ realized price would suggest new bullish momentum, as these holders would be back in profit and less likely to sell their holdings.

為了澄清，成本基礎區域是上次移動或獲得大量BTC的價格水平。超出短期持有人實現的價格的潛在突破將表明新的看漲勢頭，因為這些持有人會重新獲得盈利，並且出售其持股的可能性較小。

Conversely, a break below the new holders’ cost basis support level could signal potential downside movement, as recent buyers might begin incurring losses and be forced to capitulate.

相反，低於新持有人的成本基礎支持水平的突破可能標誌著潛在的下行運動，因為最近的買家可能會開始造成損失並被迫屈服。

Notably, each cost basis line highlighted in the chart below is calculated based on the realized price of Unspent Transaction Outputs (UTXOs) held within a specific age band. Similarly, realized price is determined by dividing the total value of all UTXOs by the number of coins.

值得注意的是，以下圖表中突出顯示的每條成本基線是根據在特定年齡段內持有的未承諾交易輸出（UTXO）的實現價格計算的。同樣，實現價格是通過將所有UTXOS的總價值除以硬幣數來確定的。

Are Investors Expecting Further Upside?

投資者期望有更多上漲空間嗎？

Recent on-chain analysis suggests that BTC holders may be anticipating further upside. Short-term holders appear to be holding onto their BTC despite being in a loss position.

最近的鏈上分析表明，BTC持有人可能會預計會有進一步的上漲空間。儘管處於損失位置，但短期持有人似乎仍在保持其BTC。

Additionally, crypto exchange net flow data hints that a BTC price rally may be imminent. Some analysts are also drawing parallels to gold’s recent historic price action and predicting that ‘digital gold’ may soon experience similar momentum.

此外，加密貨幣交換淨流數據暗示，BTC價格集會可能即將到來。一些分析師還與Gold最近的歷史價格行動相似，並預測“ Digital Gold”可能很快會經歷類似的勢頭。

That said, Bitcoin futures index sentiment is pointing toward rising pessimism surrounding BTC, driven by macroeconomic uncertainty. As of press time, BTC is trading at $88,759, up 1.7% in the last 24 hours.

也就是說，由宏觀經濟不確定性驅動，比特幣期貨指數的情緒指向BTC的悲觀情緒上升。截至發稿時，BTC的交易價格為88,759美元，在過去24小時內增長了1.7％。