比特幣（BTC）較晚的渴望隨著價格下降到110,000美元以下

由於比特幣（BTC）在周末經歷了適度的下降 - 從近112,000美元下降到106,600美元 - 遲到了

As Bitcoin (BTC) experienced a modest dip over the weekend – falling from nearly $112,000 to $106,600 – late longs bore the brunt, with over-leveraged traders facing significant liquidations. In contrast, long-term investors took advantage of the pullback to increase their BTC exposure.

由於比特幣（BTC）在周末經歷了適度的下跌 - 從近112,000美元下降到106,600美元 - 較晚的渴望首當其衝，槓桿率過高的交易員面臨大量清算。相比之下，長期投資者利用了回調來增加其BTC的風險。

Bitcoin Late Longs Get Wiped Out

比特幣遲到了

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin’s price drop below the key $111,000 level triggered a cascade of liquidations that primarily affected late long positions. In total, the downward move led to approximately $185 million in long position liquidations.

根據撰稿人Amr Taha最近的一份加密快速帖子的報導，比特幣的價格下跌以下，低於111,000級的關鍵，觸發了一系列清算，主要影響了較晚的長位置。總體而言，下降的舉動大約導致了大約1.85億美元的長位置清算。

For the uninitiated, Bitcoin late longs refer to leveraged long positions entered into after a price rally, often by traders expecting further short-term gains. These positions are vulnerable to sudden price drops, leading to rapid liquidations when support levels fail.

對於初學者，比特幣晚期的朗人是指在價格集會后杠桿率的長頭寸，通常是交易者期望進一步的短期收益。這些職位容易受到突然價格下跌的影響，當支持水平失敗時，會導致迅速的清算。

The first major liquidation cluster occurred around $110,900. Once BTC fell below this level, over $97 million in long positions were wiped out. A second wave of liquidations followed when the price dipped below $109,000, wiping out an additional $88 million in leveraged longs within hours.

第一個主要清算集群發生在$ 110,900左右。一旦BTC降至此水平以下，就消除了超過9700萬美元的長位置。當價格下降到109,000美元以下時，第二浪是清算浪潮，在幾個小時內又消耗了8800萬美元的槓桿效果。

While short-term holders (STH) faced heavy losses, long-term holders (LTH) responded differently. Rather than being shaken out, they seized the opportunity to accumulate more Bitcoin.

儘管短期持有人（STH）面臨嚴重的損失，但長期持有人（LTH）的反應也有所不同。他們沒有被震撼，而是抓住了積累更多比特幣的機會。

Taha highlighted that, based on the STH/LTH Net Position Realized Cap chart, the LTH realized capitalization has now exceeded $28 billion for the first time since April 2025. The analyst added:

塔哈（Taha）強調，根據STH/LTH淨淨額的上限圖表，第Lth實現了自2025年4月以來首次超過280億美元。分析師補充說：

“With the LTH realized cap now surpassing $28 billion, it’s clear that long-term investors are using this period of forced selling to increase their exposure and accumulate more Bitcoin for the long run. This strategic accumulation during moments of market stress reflects the deep conviction of LTHs.”

“隨著第LTH實現的上限現在超過了280億美元，很明顯，長期投資者正在使用這段強迫銷售時期來增加其曝光率，並從長遠來看增加了更多的比特幣。在市場壓力時期，這種戰略性積累反映了LTH的深刻信念。”

In a separate post on X, noted crypto analyst Titan of Crypto noted that Bitcoin recently achieved its highest weekly close ever. This milestone underscores the strong bullish sentiment shared among long-term investors, who continue to anticipate higher prices.

Crypto的Crypto分析師Titan在X上的另一篇文章中指出，比特幣最近獲得了有史以來最高的每週關閉。這個里程碑強調了長期投資者中共同的強烈看漲情緒，他們繼續預計價格更高。

What Is Working For BTC?

BTC有什麼作用？

Several market observers have pointed out that the current rally appears more sustainable than previous ones, with fewer signs of euphoria. Analysts argue that Bitcoin’s ongoing upward momentum has not exhibited overheating, suggesting a healthier market structure.

幾位市場觀察家指出，目前的集會看起來比以前的集會更可持續，欣快的跡象更少。分析師認為，比特幣的持續向上勢頭並沒有表現出過熱，這表明市場結構更健康。

Moreover, technical indicators suggest ambitious price targets for Bitcoin. For example, analyst Gert Van Lagen has projected that BTC could soar as high as $300,000 during this bull cycle.

此外，技術指標建議比特幣的雄心勃勃目標目標。例如，分析師格特·範·拉根（Gert van Lagen）預計，在這個公牛週期中，BTC可能會飆升至30萬美元。

Institutional interest also remains strong. Strategy CEO Michael Saylor recently hinted at another large Bitcoin purchase, further reinforcing confidence in BTC’s long-term potential. At press time, BTC trades at $109,535, up 1.9% in the past 24 hours.

機構利益也仍然很大。戰略首席執行官邁克爾·賽勒（Michael Saylor）最近暗示了另一次大型比特幣購買，進一步增強了對BTC長期潛力的信心。發稿時，BTC的交易價格為109,535美元，在過去24小時內增長了1.9％。