儘管最近收益，但比特幣（BTC）需求勢頭仍處於負區域

儘管比特幣（BTC）在過去一周中獲得了顯著的吸引力 - 從4月21日的大約85,000美元增加到今天的近95,000美元，但最高的加密需求勢頭仍然存在

Despite Bitcoin (BTC) price hitting a new seven-week high today, the top cryptocurrency’s Demand Momentum remains deeply in the negative zone, highlighting a lack of urgency among investors.

儘管比特幣（BTC）的價格達到了今天的七週新高，但最高的加密貨幣需求勢頭仍在負面區域深處，突顯了投資者缺乏緊迫性。

According to a recent CryptoQuant Quicktake post by analyst Crazzyblockk, the 30-day Demand Momentum is still in negative territory at -483,860 BTC. The 30-day Simple Moving Average (SMA) of the same metric is also in the red, currently standing at -310,700 BTC.

根據分析師Crazzyblockk最近的一份加密快速帖子，30天的需求勢頭仍處於-483,860 BTC的負面領域。同一度量的30天簡單移動平均線（SMA）也處於紅色，目前為-310,700 BTC。

For context, the 30-day Demand Momentum is calculated by subtracting the 30-day Long-Term Holder (LTH) Supply from the 30-day Short-Term Holder (STH) Supply. This metric essentially measures the net change in active demand for BTC.

在上下文中，通過從30天的短期持有人（STH）供應中減去30天的長期持有人（LTH）供應來計算30天需求勢頭。該度量基本上衡量了BTC的主動需求的淨變化。

A rise in short-term holder supply relative to long-term holders indicates that more market participants are choosing to speculate rather than hold Bitcoin for the long term.

相對於長期持有人的短期持有人供應的增加表明，從長期來看，越來越多的市場參與者選擇推測而不是持有比特幣。

The 30-day STH Supply is currently at 5,048,760 BTC, while the 30-day LTH Supply stands at 5,532,620 BTC.

30天的STH供應目前為5,048,760 BTC，而30天LTH供應量為5,532,620 BTC。

"The 30-day STH supply is increasing faster than the 30-day LTH supply, which is usually the case during a late-cycle distribution phase or a macro-level consolidation," the analyst explained.

分析師解釋說：“ 30天的STH供應速度比30天的LTH供應速度更快，這通常是在周期分佈階段或宏觀層次合併中的情況。”

It’s worth noting that Bitcoin previously experienced similar deep negative divergences in Demand Momentum during mid-2021 and Q2 2022. Both instances were followed by sharp price declines.

值得注意的是，比特幣先前在2021年中期和第二季度2022年中的需求勢頭上經歷了類似的深層負分歧。這兩個實例之後均下降。

However, the ensuing market recovery on both occasions coincided with market bottoms. They also marked the beginning of sustainable bullish momentum in the following months.

但是，隨之而來的兩次市場恢復都與市場底層相吻合。他們還標誌著接下來幾個月的可持續看漲勢頭的開始。

If Bitcoin manages to reverse this negative demand trend and push the 30-day Demand Momentum into positive territory, it could signal a strong recovery in investor interest. A return to the “green zone” would likely mark the continuation of the current uptrend, potentially pushing BTC to a new all-time high (ATH) in the near term.

如果比特幣設法扭轉了這一負面需求趨勢並將30天的需求勢頭推向積極的領土，則可能表明投資者的利益恢復強勁。回到“綠色區域”可能會標誌著當前上升趨勢的延續，可能會在短期內將BTC推向歷史最高的高（ATH）。

Bitcoin price on the move

搬家的比特幣價格

While Demand Momentum remains weak, other market signals suggest that Bitcoin could be nearing a trend reversal. For example, Bitcoin’s Apparent Demand – another on-chain metric – has recently shown a sharp rebound, indicating a return of buying pressure.

儘管需求勢頭仍然很弱，但其他市場信號表明比特幣可能正在接近趨勢逆轉。例如，比特幣明顯的需求 - 另一個鍊式指標 - 最近顯示出急劇的反彈，表明購買壓力的回報。

Additionally, BTC exchange reserves continue to decline rapidly. According to recent data, Bitcoin just recorded its highest exchange withdrawal volume in two years. This ongoing depletion of exchange-held BTC could lead to a supply squeeze, further supporting bullish price action.

此外，BTC交換儲量繼續迅速下降。根據最近的數據，比特幣僅在兩年內記錄了其最高的交換撤回量。持續的交易所持有的BTC的耗盡可能導致供應壓縮，進一步支持看漲的價格行動。

Technical indicators also point toward the possibility of BTC testing its current ATH of $108,786. At press time, Bitcoin is trading at $94,773, up 0.3% over the past 24 hours.

技術指標還指出了BTC測試其當前ATH $ 108,786的可能性。發稿時，比特幣的交易價格為94,773美元，在過去24小時內增長0.3％。