比特幣[BTC]繼續表現出強烈的積累行為，超過3090 BTC從Binance撤回

比特幣[BTC]繼續表現出強烈的積累行為，一天就從Binance中獲得了3.25億美元的3090 BTC（約3.25億美元）。這增加了在主要平台上觀察到的一系列大型交換流出。 MVRV比率是確定市場頂部的關鍵指標，目前為2.33，這是與積極的利潤相關的2.75閾值。

Bitcoin [BTC] price continued to show strong accumulation behavior as a massive amount of coins were withdrawn from Binance in a single day.

比特幣[BTC]的價格繼續表現出強烈的積累行為，因為一天內撤回了大量硬幣。

Bitcoin: MVRV remains in neutral-to-undervalued zone

比特幣：MVRV仍處於中性區域

比特幣：MVRV仍處於中性區域

CryptoQuant data revealed that over 3,090 BTC, worth approximately $325 million, were pulled out of Binance in a single day. This adds to a series of large exchange outflows observed across major platforms.

加密數據顯示，超過3,090個BTC，價值約3.25億美元，一日撤出了Binance。這增加了在主要平台上觀察到的一系列大型交換流出。

The MVRV ratio, a critical metric for identifying market tops, currently sits at 2.33, which is lower than the 2.75 threshold that is usually associated with aggressive profit-taking.

MVRV比率是確定市場頂部的關鍵指標，目前為2.33，低於通常與積極的獲利相關的2.75閾值。

At the time of writing, BTC traded at $105,163.46, registering a 1.89% rise in the past 24 hours.

在撰寫本文時，BTC的交易價格為105,163.46美元，在過去24小時內增長了1.89％。

The subdued MVRV reading suggests that BTC remains in a neutral-to-undervalued zone, offering more room for upward continuation.

柔和的MVRV閱讀表明，BTC仍處於中立之間的不足區域，為向上延續的空間提供了更多的空間。

Derivatives traders preparing for breakout?

衍生品交易者為突破做準備嗎？

衍生品交易者為突破做準備嗎？

Open Interest has surged by 8.32% to reach $34.87 billion, indicating increasing activity in the derivatives market.

開放利息飆升了8.32％，達到348.7億美元，表明衍生品市場的活動不斷增加。

This increase typically suggests that traders are opening new positions, possibly in anticipation of heightened volatility near resistance.

這種增加通常表明，交易者正在開放新的職位，這可能是由於阻力附近的波動率提高。

The steady price rise, coupled with growing leveraged interest, shows a willingness to speculate on bullish continuation. However, elevated Open Interest may also indicate higher liquidation risk if price reverses.

穩定的價格上漲，再加上槓桿利益的日益增長，表明願意推測看漲的延續。但是，如果價格扭轉，則升高的開放利息也可能表明清算風險更高。

Bitcoin's NVT ratio has shot up to 485.13, a level rarely seen in previous market cycles. This ratio, which compares market cap to transaction volume, often signals potential overvaluation when it climbs excessively.

比特幣的NVT比率已達到485.13，這是以前的市場週期很少見的水平。比較該比率將市值與交易量進行比較，通常會在過度攀升時表示潛在的高估。

While the price has been trending upward, network usage hasn't matched pace, suggesting speculative flows could be dominating.

儘管價格一直在上升，但網絡使用情況尚未達到速度，這表明投機性流量可能是主導的。

Long-term hands steering this rally?

長期指導這次集會的雙手？

長期指導這次集會的雙手？

The Miners' Position Index (MPI) has surged by 76.12%, yet the press time value of 0.17 remained low compared to historical thresholds. This indicated that even with increased outflows, miners were not exerting meaningful sell pressure.

礦工的位置指數（MPI）飆升了76.12％，但與歷史閾值相比，新聞時間值為0.17。這表明即使流出增加，礦工也沒有施加有意義的賣出壓力。

During periods of high MPI, miners typically offload large amounts of BTC, contributing to corrections. However, the present value suggests restrained behavior from this cohort.

在高度MPI期間，礦工通常會卸載大量的BTC，從而導致校正。但是，現值表明該隊列中的行為受到約束。

Supply-adjusted Coin Days Destroyed (CDD) went up by 7.22%, showing a modest increase in coin movement among long-term holders. However, current values still reflect limited distribution from aged wallets.

被銷毀的供應調整後的硬幣日（CDD）增長了7.22％，顯示長期持有人的硬幣移動幅度不大。但是，當前值仍然反映了老年錢包的分佈有限。

Historically, when long-term holders begin to sell in large volumes, CDD spikes aggressively. Therefore, the mild increase shows that conviction remains strong among veteran investors.

從歷史上看，當長期持有人開始大量銷售時，CDD會積極刺激。因此，溫和的增加表明，在資深投資者中，信念仍然很強。

The 0-1 day Realized Cap HODL Wave stood at 0.274, further highlighting that short-term speculative activity remains subdued. This metric tracked the proportion of realized cap held by recent entrants.

0-1天意識到帽hodl波的0.274，進一步強調了短期投機活動仍然屈服。該度量標準跟踪了最近進入者所持有的上限的比例。

Low values typically indicate that the rally is not being driven by rapid buy-ins or pump-and-dump behaviors.

低值通常表明集會不是由快速購買或泵送和降低行為驅動的。

Cup and handle pattern nears breakout above $107K

杯子和手柄圖案接近超過$ 107K的突破

杯子和手柄圖案接近超過$ 107K的突破

Bitcoin's daily chart revealed a well-formed cup and handle pattern, with the neckline resting near $107,000. This classic bullish structure suggests the potential for continuation if a breakout occurs.

比特幣的每日圖表顯示了一個形成良好的杯子和手柄圖案，領口的休息近107,000美元。這種經典的看漲結構表明，如果發生突破，可能會繼續進行。

At the time of writing, BTC traded at $105,163.46, still slightly below the neckline. Volume has remained stable during the consolidation phase, and RSI has yet to enter overbought territory, which supports a bullish setup.

在撰寫本文時，BTC的交易價格為105,163.46美元，仍然低於領口。在整合階段，數量一直保持穩定，RSI尚未進入超買的領土，該領土支持看漲的設置。

A successful breakout could send BTC to new highs, while rejection might trigger a minor pullback toward the $100K support. The breakout zone remains a critical area to monitor.

成功的突破可能會使BTC進入新的高點，而拒絕可能會引發$ 10萬美元的支持。突破區仍然是要監視的關鍵區域。

Can BTC sustain its momentum despite overheated metrics?

儘管指標過熱，BTC是否可以維持其動力？

Bitcoin's rally remains well-supported by strong on-chain and technical signals. Exchange outflows, low MVRV, restrained miner selling, and weak short-term speculation indicate bullish conditions.

比特幣的集會仍然受到強大的鍊和技術信號的良好支持。交換流出，低MVRV，受約束的礦工銷售和短期投機薄弱表明看漲條件。

However, the NVT spike above 485 highlights a possible imbalance between valuation and network activity.

但是，NVT高於485的NVT尖峰突出了估值和網絡活動之間可能的不平衡。

As BTC flirts with a key resistance level, the market's next move hinges on whether buyers can sustain momentum or whether overvaluation concerns will prompt a pullback. For now, accumulation trends dominate the narrative, tilting the bias in favor of continued upside.

隨著BTC調情以關鍵的阻力水平，市場的下一步行動取決於買家是否可以維持動力，或者高估的問題是否會引起回調。目前，積累趨勢主導著敘事，傾斜偏見，支持持續上升空間。