比特幣（BTC）價格在關鍵水平附近鞏固ATH突破

經過多周的集會，比特幣的交易約為103,000美元，這使得價格上漲通過了主要的阻力水平，從而重新激發了市場上的看漲情緒。

Bitcoin (BTC) is currently trading at around $103,000 after a multi-week rally that saw the price surge through major resistance levels, ultimately setting the stage for a critical test zone. As the cryptocurrency broke above $90K and $100K, it unlocked strong momentum, but now, with the all-time high (ATH) near $109K in sight, a successful push could confirm the beginning of a new bullish phase. However, rejection or a fakeout at current levels could trigger a sharp correction.

經過多周的集會，比特幣（BTC）目前的交易價格約為103,000美元，這使價格上漲通過了主要阻力水平，最終為關鍵的測試區奠定了基礎。隨著加密貨幣的破損超過$ 90k和$ 10萬美元，它釋放了強大的動力，但是現在，隨著歷史最高的高價（ATH）接近$ 109,000，成功的推動可以證實新看漲階段的開始。但是，在當前水平上的拒絕或虛假可能會觸發急劇的校正。

On-chain data from CryptoQuant sheds light on this pivotal moment. Since May 8th, short-term holders (STH) have finally moved back into profit territory as Bitcoin crossed above the $99,000 mark. From there, the Spent Output Profit Ratio (SOPR) for this group has remained above 1, indicating that STH are now selling coins at a profit.

來自加密量的鍊鍊數據闡明了這一關鍵時刻。自5月8日以來，短期持有人（STH）終於回到了利潤領域，因為比特幣超過了99,000美元。從那裡開始，該組的支出產出利率（SOPR）仍保持在1以上，這表明STH現在正在以利潤出售硬幣。

This is a crucial development because when STHs are in profit, they tend to support market momentum. Conversely, when they are in loss, they usually capitulate under any signs of bearish pressure. Moreover, this metric reflects growing confidence and momentum, which are essential for sustaining an uptrend.

這是一個至關重要的發展，因為當STH盈利時，它們傾向於支持市場勢頭。相反，當它們損失時，它們通常會在任何看跌壓力的跡像下屈服。此外，該指標反映了日益增長的信心和動力，這對於維持上升趨勢至關重要。

However, the same data also warns that as SOPR rises, so does the likelihood of increased sell pressure. But for now, the trend remains bullish, and Bitcoin’s ability to maintain this zone—and break above the ATH—will determine whether the market accelerates higher or pauses for consolidation.

但是，相同的數據還警告說，隨著SOPR的增加，銷售壓力增加的可能性也是如此。但是目前，這種趨勢仍然看漲，比特幣保持該區域並超越ATH的能力將決定市場是否會加速更高還是停頓合併。

STH Regain Profits As Bitcoin Eyes ATH Breakout

STH重新獲得利潤，因為比特幣眼睛ATH突破

Bitcoin is showing good momentum after reclaiming key resistance levels, but a breakout above the $109,000 all-time high remains critical to confirm the start of a full-scale rally. After peaking near $105,000, BTC faced moderate selling pressure and pulled back into the $101K–$100K support range, where buyers have stepped in to defend the move. This area now serves as a pivotal demand zone, and bulls must hold it to maintain market structure and push higher in the coming sessions.

在收回關鍵阻力水平後，比特幣表現出良好的動力，但是超過$ 109,000的歷史最高水平的突破對於確認全面集會的開始仍然至關重要。在達到105,000美元的高峰之後，BTC面臨中等銷售的壓力，並返回了101,000美元 - $ 100K的支持範圍，買家已經介入以捍衛此舉。該地區現在是一個關鍵的需求區，公牛必須將其持有以維持市場結構並在即將到來的會議上提高。

According to CryptoQuant analyst Darkfost, a significant trend has emerged since May 8th—short-term holders (STH) are finally back in profit as Bitcoin crossed above the $99,000 mark. From there, their SOPR (Spent Output Profit Ratio) has remained above 1, signaling that coins spent by STH are being sold at a profit. This is crucial because when STHs are in profit, they tend to support market momentum.

根據CryptoQuant Analyst Darkfost的說法，自5月8日以來，隨著比特幣超過99,000美元的超過99,000美元的越野，Short-Term持有人（STH）終於出現了一個重大趨勢。從那裡開始，他們的SOPR（用過的產出利潤率）保持在1以上，表明STH花費的硬幣正在以利潤出售。這至關重要，因為當STH盈利時，它們傾向於支持市場勢頭。

Darkfost adds that when SOPR begins pushing toward 1.03, it often suggests growing sell pressure from profit-taking. However, that’s not currently the case. While some profit-taking is natural, the broader sentiment appears confident, with holders showing signs of restraint. “It feels like we’re just getting warmed up,” says Darkfost, suggesting this rally may have more room to move.

DarkFost補充說，當Sopr開始向1.03推向1.03時，通常表明銷售盈利的壓力增加。但是，目前不是這種情況。儘管有一些利潤是自然的，但更廣泛的情緒似乎是自信的，持有人表現出約束的跡象。 Darkfost說：“感覺就像我們只是在熱身。”這次集會可能有更多的移動空間。