比特幣的突破缺少一個關鍵成分 - 您需要知道的一切

隨著比特幣徘徊在其歷史最高水平的距離僅5％時，一個主要的投資者領域仍然顯著安靜：零售商人。

Bitcoin’s price has surged past $103K, but retail demand, defined as transactions in volumes between $0 and $10,000, remains flat or negative, according to CryptoQuant.

根據CryptoFunfant的說法，比特幣的價格已經超過103,000美元，但零售需求定義為售價在$ 0到10,000美元之間的交易，仍然是平坦或負數的。

This finding is surprising considering the significant gains in BTC and the substantial institutional accumulation that has been frequently reported.

考慮到BTC的顯著收益以及經常報告的大量機構積累，這一發現令人驚訝。

However, according to CryptoQuant’s analysis, the current setup shows a sort of lagging behavior by the retail segment, which is still in negative territory, even though market momentum and fundamentals have improved.

但是，根據CryptoQuant的分析，當前的設置顯示了零售部門的某種滯後行為，即使市場動力和基本面有所改善，但仍處於負面領域。

The crypto market intelligence platform speculates that this could be related to retail investors burning out quickly during the previous bull market and the lack of a strong narrative to engage them in the current rally.

加密市場情報平台推測，這可能與散戶投資者在上一個牛市中迅速燃燒的散戶投資者有關，並且缺乏強大的敘述來參與當前的集會。

According to the chart, during phases of market euphoria, there is usually a strong presence of retail demand, which increases rapidly as the market approaches a top.

根據圖表，在市場欣快感的階段，通常存在零售需求的強勁存在，隨著市場接近最高，零售需求迅速增加。

This behavior is especially pronounced during parabolic market trends, where a small price increase leads to a large influx of traders, pushing the market even higher.

在拋物線市場趨勢中，這種行為尤其明顯，在拋物線市場趨勢中，價格較小的增加會導致大量交易者湧入，從而提高了市場。

However, this pattern appears to be absent in the current bull market, at least according to the chart.

但是，至少根據圖表，這種模式在當前的牛市中似乎不存在。

Despite the lagging behavior of retail investors, as highlighted by CryptoQuant, institutional investors appear to be actively accumulating Bitcoin.

儘管散戶投資者的行為滯後，正如加密富裕的強調，機構投資者似乎正在積極積累比特幣。

According to recent reports, large Bitcoin holders have increased their holdings by over 200,000 BTC as the cryptocurrency's price surpasses the $100,000 mark.

根據最近的報導，由於加密貨幣的價格超過了100,000美元，大型比特幣持有人將其持股增加了200,000 BTC。

Moreover, Bitcoin ETF (exchange-traded fund) inflows have reached a record high of $41.3 billion, now composing 60% of the total gold ETFs.

此外，比特幣ETF（交易所貿易基金）流入率達到了創紀錄的413億美元，現在佔總金ETF的60％。

Furthermore, crypto analyst Ben Armstrong, known as BitBoy Crypto, suggests that Bitcoin could be leading global monetary trends with central banks engaging in quantitative easing (QE) and potential national bankruptcies on the horizon.

此外，加密分析師本·阿姆斯特朗（Ben Armstrong）（被稱為Bitboy Crypto）表明，比特幣可能會帶來全球貨幣趨勢，中央銀行從事定量寬鬆（QE）和潛在的國家破產。