比特幣的平衡法：BTC價格，長期持有人和$ 10.1美元的問題

長期比特幣持有者正在利潤，影響了BTC的價格。這是臨時傾角還是更大校正的跡象？檢查趨勢和下一步。

Bitcoin's been on a wild ride, and long-term holders (LTHs) are adding to the drama. After hitting record highs, BTC is now navigating a tricky landscape where profit-taking and market adjustments are the name of the game. Let's break down what's happening with Bitcoin, its price, and the actions of those patient HODLers.

比特幣一直在瘋狂旅行，長期持有者（LTHS）正在增加戲劇。在達到紀錄高點之後，BTC現在正在瀏覽一個棘手的景觀，其中獲利和市場調整是遊戲的名稱。讓我們分解比特幣，價格和那些患者雜物的行為的情況。

Long-Term Holders Cashing In

長期持有人兌現

Recently, long-term Bitcoin holders have been stepping up their liquidations. On a Friday, they offloaded a significant amount of BTC, marking one of the largest single-day outflows of the year. This activity, as noted by Glassnode, shows that even the most steadfast believers are taking some chips off the table.

最近，長期比特幣持有人正在加強清算。在星期五，他們卸載了大量的BTC，這標誌著一年中最大的單天外出之一。正如玻璃節點所指出的那樣，這項活動表明，即使是最堅定的信徒也在桌子上拿走一些籌碼。

The data reveals a jump in the 14-day moving average of coins spent by LTHs, reaching levels not seen since January. This suggests a consistent selling pressure from wallets that have been dormant for quite some time.

數據顯示，LTHS所花費的硬幣的14天移動平均值有所增加，達到自一月以來未見的水平。這表明，在相當長的一段時間內，從錢包上賣出了一致的銷售壓力。

Why the Profit-Taking?

為什麼要賺錢？

So, what's driving this behavior? A big part of it comes down to investor psychology. Think about it: how many assets trade at $100,000 a pop? Hitting that six-figure mark can make even the most seasoned investor feel like it's a good time to cash in. There's a psychological barrier at play, where $100,000 per BTC feels like a premium valuation, prompting profit-taking.

那麼，是什麼推動這種行為？它的很大一部分歸功於投資者心理學。考慮一下：每次流行價值100,000美元的交易多少資產？擊中六位數的標記也可以使最調味的投資者感覺像是賺錢的好時機。在發揮著心理障礙，每BTC $ 100,000感覺就像是高級估值，促使利潤獲取。

This also suggests that the market needs time to adjust to BTC trading consistently around the $100K level. We're likely to see range-bound trading as investors acclimatize to this new normal.

這也表明，市場需要時間來適應BTC的交易，始終在10萬美元的水平左右。隨著投資者適應這一新常態，我們很可能會看到界限貿易的交易。

The Metaplanet Factor: A Bold Bitcoin Treasury Strategy

Metaplanet因子：大膽的比特幣國庫策略

While some are selling, others are doubling down. Metaplanet, a Tokyo-listed firm, recently secured shareholder approval to issue hundreds of millions of new shares to expand its Bitcoin treasury. This move could raise close to $900 million, fueling an aggressive corporate Bitcoin accumulation strategy.

有些賣出時，有些人則加倍。 Metaplanet是一家上市公司，最近獲得了股東批准，以發行數億股新股份，以擴大其比特幣財政部。此舉可能會籌集近9億美元，從而促進了一種積極的公司比特幣積累策略。

Metaplanet already controls a substantial amount of Bitcoin, worth over $2 billion. By modeling themselves after MicroStrategy, they're betting big on Bitcoin as a reserve asset. This bold strategy highlights the contrasting approaches in the market: some cashing out, others loading up.

Metaplanet已經控制了大量比特幣，價值超過20億美元。通過在MicroStrategy之後對自己進行建模，他們將大量投注於比特幣作為儲備資產。這種大膽的策略強調了市場上的對比方法：有些兌現，有些則加載。

Market Dynamics and Potential Price Swings

市場動態和潛在價格波動

Glassnode's analysis points out key tactical levels to watch. Support lies in the $107k–$108.9k range, while potential resistance sits near $113.6k. A deeper downside target lurks around $93k–$95k if selling pressure continues.

GlassNode的分析指出了要觀看的關鍵戰術水平。支持在$ 107K - $ 108.9K的範圍內，而潛在的阻力為113.6萬美元。一個更深層次的下行目標潛伏在93,000美元左右，如果銷售壓力仍在繼續。

The interplay between LTH selling and ETF flows is crucial. Large distributions from LTHs, combined with negative ETF flows, can amplify price movements. However, as Glassnode notes, the current spending is still within the cycle’s “normal” range, suggesting choppy trading rather than a full-blown correction.

LTH銷售與ETF流量之間的相互作用至關重要。 LTHS的大型分佈，結合負ETF流，可以擴大價格變動。但是，正如GlassNode指出的那樣，當前的支出仍在周期的“正常”範圍內，暗示著波濤洶湧的交易，而不是全面的校正。

Looking Ahead: Choppy Waters or Clear Skies?

向前看：波濤洶湧的水還是晴朗的天空？

Despite the recent distribution, the overall trend since late 2024 remains upward. However, analysts warn that a corrective leg towards $75k–$97k is possible if momentum stalls and macro jitters persist. The market is showing increased sensitivity to macro events and ETF flows, making for a potentially volatile ride.

儘管最近分配，但自2024年底以來的總體趨勢仍在上升。但是，分析師警告說，如果動量攤位和宏觀搖擺不定，則可能是$ 75K - $ 97K。市場顯示出對宏事件和ETF流動的敏感性提高，從而實現了易於波動的騎行。

Final Thoughts: Buckle Up, Buttercup!

最終想法：扣緊，毛cup！

Bitcoin's journey is never boring. Long-term holders are playing their part, influencing price dynamics and market sentiment. Whether we're in for a period of consolidation or another surge, one thing's for sure: the Bitcoin story is far from over. So, keep an eye on those key levels, stay informed, and remember, in the world of crypto, anything can happen. And if you're feeling overwhelmed, just remember the golden rule: HODL... or maybe take some profits. The choice is yours, New Yorker!

比特幣的旅程永遠不會無聊。長期持有人正在發揮自己的作用，影響了價格動態和市場情緒。無論我們是整合一段時間還是其他激增，都可以肯定的是：比特幣故事還遠遠沒有結束。因此，請密切關注這些關鍵水平，保持了解，並記住在加密貨幣世界中，任何事情都可能發生。而且，如果您感到不知所措，請記住黃金法則：hodl ...或可能獲得一些利潤。選擇是您的，紐約客！