隨著長期持有人的增加，比特幣（BTC）市場表現出很高的看漲勢頭

比特幣（BTC）市場在上周高度看漲，價格上漲了10％以上。

The Bitcoin (BTC) market displayed considerable bullishness last week, with prices surging by over 10%. Amidst this positive development, there has been notable investor activity, which points to an unyielding demand that could support a sustained price uptrend.

比特幣（BTC）市場上週表現出相當大的看漲，價格飆升了10％以上。在這一積極的發展中，有傑出的投資者活動，這表明需求不足以支持持續的價格上漲。

BTC Supply Shake-Up: Long-Term Holders Increase, New Buyers Step In Above $92K

BTC供應改動：長期持有人增加，新買家的速度超過$ 92K

In a recent X post, popular crypto pundit Axel Adler Jr. shared some interesting on-chain insights on the Bitcoin market.

在最近的X帖子中，流行的Crypto Pundit Axel Adler Jr.在比特幣市場上分享了一些有趣的鏈上的見解。

Using data from CryptoQuant, Adler reports that the market supply of short-term holders decreased by 359,000 BTC, valued at $33.84 billion, over 16 days between April 4-21. Interestingly, this decline was not due to selling pressure but rather coin maturation, resulting in a transition to the long-term holders category.

阿德勒（Adler）使用CryptoQuant的數據報告說，在4月4日至21日之間，短期持有人的市場供應減少了359,000 BTC，價值338.4億美元，價值338.4億美元。有趣的是，這種下降不是由於銷售壓力而是硬幣成熟，導致過渡到長期持有人類別。

This is a positive market signal indicating that holders are confident in Bitcoin’s long-term prospects. By opting against selling, holders are strengthening the underlying market demand, providing a solid foundation for future price rallies.

這是一個積極的市場信號，表明持有人對比特幣的長期前景充滿信心。通過反對銷售，持有人正在加強基本的市場需求，為未來的價格集會提供了堅實的基礎。

In another interesting development, Axel Adler Jr also noted that BTC short-term holders’ supply grew by 70,000 BTC, valued at $6.59 billion, in the last two days following Bitcoin’s latest price rally.

在另一個有趣的發展中，小阿克塞爾·阿德勒（Axel Adler）還指出，在比特幣最新價格集會之後的最後兩天，BTC短期持有人的供應量增長了70,000 BTC，價值65.9億美元。

The analyst explains that this increase resulted from profit-taking by long-term holders via redistribution as prices climbed. Importantly, short-term holders have effectively absorbed this new supply, signaling strong demand in the Bitcoin market.

分析師解釋說，隨著價格上漲，長期持有人通過重新分配的利潤而產生了這一增加。重要的是，短期持有人有效地吸收了這一新供應，這表明比特幣市場的需求強勁。

This demand is highly reflected in Bitcoin’s ability to remain above $92,200, the short-term holders’ cost basis, representing the average acquisition price for their holdings. This indicates a robust market confidence as new buyers are aggressively stepping into the market, expanding the STH cohort.

這種需求高度反映在比特幣保持在92,200美元以上的能力，即短期持有人的成本基礎上，代表其持股的平均收購價格。這表明，隨著新買家正在積極踏入市場，擴大了STH隊列，這表明了強大的市場信心。

Overall, the combination of significant coin maturation, healthy redistribution, and Bitcoin’s resilience above the short-term holders’ cost basis highlights a structurally strong market demand.

總體而言，大量硬幣成熟，健康的再分配和比特幣的彈性之上的結合超過了短期持有人的成本基礎，這突出了結構上強勁的市場需求。

With long-term holders demonstrating confidence and new demand effectively absorbing supply, BTC appears well-positioned for sustained upward momentum in the near to mid-term.

由於長期持有人表現出信心和新需求有效地吸收了供應，因此BTC在近期中期的持續向上勢頭表現良好。

Bitcoin Price Overview

比特幣價格概述

At the time of writing, Bitcoin trades at $94,408, reflecting a 0.78% decline in the last day. However, daily asset trading volume is down by 55.53%, suggesting a waning market participation.

在寫作時，比特幣的交易價格為94,408美元，反映了最後一天下降0.78％。但是，每日資產交易量下降了55.53％，這表明市場參與下降。

Nevertheless, BTC looks set to maintain its price uptrend, having moved past the major resistance level at $91,000, supported by other bullish developments, including a revival in ETF inflows totaling approximately $3.06 billion over the past week.

儘管如此，BTC似乎打算保持其價格上漲趨勢，在其他看漲的發展中，已經超過了主要阻力水平的91,000美元，其中包括過去一周的ETF流入總計約30.6億美元。

The next resistance lies at $96,000, moving past which could pave the way for a further price rise to around $100,000. However, a price rejection could force a return to around $92,000, effectively creating a range-bound movement.

下一個阻力為96,000美元，超越了這可能會為進一步的價格鋪平道路，至100,000美元左右。但是，價格拒絕可能會迫使返回92,000美元左右，從而有效地創造了一個範圍的運動。