隨著比特幣朝100,000美元的發展，鏈上數據顯示了投資者行為的變化。

根據一位加密分析師的說法，向加密貨幣交換平台發送資金的BTC地址數量已下降到自2017年以來的最低水平。

As bitcoin (BTC) edges closer toward the $100,000 mark, on-chain data is revealing a change in investor behavior. After an extended period focused on macroeconomic trends and U.S. inflation figures, attention now shifts to the evolution of the economic cycle and the expected decisions from the FED. Could a reduction in interest rates, as speculated by some crypto analysts, favor risk assets like BTC?

隨著比特幣（BTC）的邊緣更接近100,000美元，鏈上的數據顯示了投資者行為的變化。在長時間關注宏觀經濟趨勢和美國通貨膨脹數字之後，現在註意力轉向了經濟周期的演變以及美聯儲的預期決策。一些加密分析師推測，利率降低是否可以贊成BTC等風險資產？

Moreover, it would reduce the yields of traditional fixed-income products, pushing more investments toward cryptocurrencies.

此外，它將降低傳統固定收益產品的收益率，從而將更多的投資推向加密貨幣。

Historic drop in bitcoin deposits on crypto exchanges

加密交易所中比特幣沉積物的歷史性下降

According to a CryptoQuant analyst, the number of BTC addresses sending funds to crypto exchange platforms has fallen to its lowest level since 2017. This decline is evident in the graph below, displaying the seven-day average of bitcoin addresses making their first output to exchanges.

根據一位加密分析師的說法，向加密貨幣交換平台發送資金的BTC地址數量已降至自2017年以來的最低水平。在下圖中，這種下降很明顯，顯示了比特幣地址的7天平均地址，這是他們首次交換的比特幣地址。

As the analyst notes, this indicator is crucial because it reveals the intent of bitcoin holders. A low count, as observed recently, implies that most BTC addresses are not sending their coins to exchanges, perhaps anticipating a strong short-term rise.

正如分析師指出的那樣，該指標至關重要，因為它揭示了比特幣持有人的意圖。正如最近觀察到的那樣，低計數意味著大多數BTC地址沒有將硬幣發送到交流，也許可以預期短期上升。

“As seen in the chart above, the 7-day average of first time exchange addresses has reached lows not seen since 2017. This indicator is important because it shows the activity of BTC addresses sending coins to exchanges for the first time in a 24-hour period. A low reading suggests that most addresses are not sending their coins to exchanges, which could be a sign of strong hands and a potential preference for holding onto BTC over selling it.”

“如上圖所示，自2017年以來，首次交換地址的7天平均水平已經達到低點。該指標很重要，因為它顯示了BTC地址的活動，將硬幣發送到24小時內的交換。低讀數表明，大多數地址表明，大多數地址都不會使他們的硬幣交換來交流，這可能是一個潛在的主張，並且可能會掌握btcre的範圍，並且可以掌握btcre的範圍。

Indeed, the data available on CryptoQuant’s platform clearly shows that, in recent months, the number of bitcoin addresses making their first output to exchanges has dropped significantly. This signals that a large portion of BTC investors have decided to keep their coins on personal wallets rather than sell them on exchanges.

實際上，加密量牌平台上可用的數據清楚地表明，最近幾個月，將其首次交換產出的比特幣地址數量顯著下降。這表明大部分BTC投資者決定將硬幣保留在個人錢包上，而不是在交易所上出售。

This observation is interesting in light of the recent performance of the cryptocurrency market. After an extended period focused on macroeconomic trends and U.S. inflation figures, attention now shifts to the evolution of the economic cycle and the expected decisions from the FED.

鑑於加密貨幣市場的最新表現，這種觀察結果很有趣。在長時間關注宏觀經濟趨勢和美國通貨膨脹數字之後，現在註意力轉向了經濟周期的演變以及美聯儲的預期決策。

Could a reduction in interest rates, as speculated by some crypto analysts, favor risk assets like BTC and reduce the yields of traditional fixed-income products, pushing more investments toward cryptocurrencies?

一些加密分析師推測，利率降低是否可以偏愛BTC等風險資產並降低傳統固定收入產品的產量，從而將更多的投資推向加密貨幣？

Bitcoin: a bullish signal confirmed by technical analysis?

比特幣：通過技術分析證實的看漲信號？

The BTC price recently crossed the $97,000 mark. It has thus reached its highest level since February. According to Ali Martinez, the next crucial threshold is at $97,530. A clean breakthrough would strengthen the momentum toward a new ATH, the last being at $108,786.

BTC價格最近超過了97,000美元。因此，它已經達到了2月以來的最高水平。根據阿里·馬丁內斯（Ali Martinez）的說法，下一個關鍵門檻為97,530美元。乾淨的突破將增強向新ATH的勢頭，最後一個為108,786美元。

On his side, Titan of Crypto highlights that bitcoin shows a strong bullish monthly candle. He supports that the leading crypto is trading above several Ichimoku cloud technical indicators. These signals back a favorable outlook for the coming weeks. Analyst Burak Kesmeci even mentions a target of $124,000, based on the golden ratio model.

在他這一邊，加密貨幣的泰坦強調了比特幣顯示出強烈看漲的每月蠟燭。他支持領先的加密貨幣交易高於幾個Ichimoku雲技術指標。這些信號在接下來的幾週內恢復了有利的前景。分析師Burak Kesmeci甚至根據黃金比率模型提到了124,000美元的目標。

Faced with this momentum, the crypto market anticipates a gradual rise. This would be fueled by:

面對這種勢頭，加密貨幣市場預計會逐漸上升。這將由以下方式推動：

The potential return on bitcoin thus becomes attractive again for crypto investors.

因此，比特幣的潛在回報對加密投資者再次具有吸引力。

The combination of on-chain, technical, and macroeconomic signals creates a fertile ground for a new bitcoin surge. The coming days prove crucial to confirm this trend!

鏈，技術和宏觀經濟信號的結合為新的比特幣激增創造了肥沃的地面。未來幾天證明這對於確認這一趨勢至關重要！

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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

我叫Ariela，我今年31歲。我已經在網絡寫作領域工作了7年。幾年前，我才發現交易和加密貨幣，但這是一個引起我極大興趣的宇宙。平台上涵蓋的主題使我能夠了解更多。在業餘時間的一名歌手，我還培養了對音樂和閱讀（以及動物！）的極大熱情