比特幣（BTC）的價格真的可以更高嗎？專家體重

自2023年10月以來，比特幣的價格上漲了260％以上，許多人想知道是否還有更高的空間。

Can Bitcoin (BTC) price go any higher? Crypto expert Gerhard – Bitcoin Strategy, who boasts over 136,000 subscribers, recently unveiled his insights, combining on-chain data with market signals to decipher the market's moves.

比特幣（BTC）的價格可以提高嗎？ Crypto Expert Gerhard - 擁有136,000多種訂戶的比特幣戰略最近揭示了他的見解，將鏈上數據與市場信號結合在一起，以破譯市場的行動。

As we discussed in a previous analysis, Bitcoin’s price has soared more than 260% since October 2023.

正如我們在先前的分析中所討論的那樣，自2023年10月以來，比特幣的價格飆升了260％以上。

The crypto expert highlighted the ‘sell-side risk ratio.’ A high reading usually signals we’re nearing the top, investors are in profit, and we might see them cashing out. A low number, on the other hand, usually signals a buying opportunity. According to his analysis, that ratio is still low, and momentum is picking up.

加密專家強調了“賣方風險比率”。高讀數通常表示我們要接近最高，投資者正在獲利，我們可能會看到他們兌現。另一方面，數量較低，通常標誌著購買機會。根據他的分析，該比率仍然很低，動力正在增加。

The majority of Bitcoin’s supply is still held by long-term investors, who tend to buy when prices are down and sell into big rallies. According to charts shared in the video, there was some selling back in April 2024 around the $70K mark and again near $100K. But lately, there hasn't been much selling, suggesting long-term holders still see value at current levels.

長期投資者仍然持有比特幣的大部分供應，他們往往在價格下跌並出售為大型集會時購買。根據視頻中分享的圖表，2024年4月在$ 70K大關上售出了一些售價，又在$ 10萬美元左右。但是最近，銷售量不多，這表明長期持有人仍然可以看到當前水平的價值。

Stablecoin Dominance and Market Sentiment

穩定的統治力和市場情緒

Gerhard also takes a closer look at stablecoins to measure how confident investors are feeling. The total market cap of stablecoins has climbed to $240 billion, and stablecoin dominance, which shows how much of the market is sitting in cash, has been dropping. Usually, this means people are moving back into riskier assets like Bitcoin.

Gerhard還仔細研究了Stablecoins，以衡量投資者的自信感。 Stablecoins的總市值已攀升至2400億美元，而Stablecoin Dominance則顯示了市場中有多少現金。通常，這意味著人們正在回到比特幣等風險的資產中。

Even though yields in DeFi are low right now (just 2.5% to 2.9% for holding stablecoins), capital keeps flowing into crypto. Not for the yield, but because investors expect prices to keep rising. Since the market flipped bullish last October, the stablecoin market cap is up 85%, showing there’s still plenty of interest.

即使Fefi的收益率很低（持有穩定的人只有2.5％至2.9％），資本仍在流入加密貨幣。不是為了收益，而是因為投資者期望價格上漲。自從去年10月市場翻轉看漲以來，斯塔布萊幣市值上限上漲了85％，表明仍然有很多興趣。

What’s the Upside From Here?

從這裡有什麼好處？

According to Gerhard, there is still room for Bitcoin price to climb. Pointing to past cycles and current market conditions, he suggests an upside target of $130,000 to $150,000. Of course, the path upward is never smooth, and short-term dips of 20% to 30% are common, but the long-term setup remains intact.

根據格哈德（Gerhard）的說法，仍然有比特幣價格攀升的空間。他指出了過去的周期和當前的市場狀況，他建議將$ 130,000至150,000美元的上行目標上升。當然，向上的路徑永遠不會平滑，短期降低20％至30％是常見的，但是長期設置仍然完好無損。

Attention also plays a major role as more media coverage floods in, pushing retail interest to new highs and often driving prices to new highs. However, this phase eventually cools off, usually leading to corrections driven by short-term holders.

隨著更多的媒體覆蓋洪水，人們的關注也起著重要作用，將零售利益推向了新的高點，並且經常將價格推向新的高點。但是，這個階段最終會冷靜下來，通常會導致短期持有人驅動的校正。

Moreover, Ethereum is starting to show signs of life, with its dominance returning to levels last seen in late 2019, which some view as a signal that ETH price may have hit bottom. Still, Bitcoin dominance is increasing, and history tells us that altcoins don't rally until Bitcoin's dominance begins to peak, typically around 70%. For now, it seems like we'll have to be patient on the altcoin front.

此外，以太坊開始顯示生命的跡象，其優勢恢復到了2019年底的最後水平，這是一種信號，表明ETH價格可能已經達到最低點。儘管如此，比特幣的優勢仍在增加，歷史告訴我們，直到比特幣的統治地位開始達到頂峰，山寨幣才集結，通常約為70％。目前，似乎我們必須在Altcoin Front上耐心等待。

Another big part of Gerhard’s analysis is wallet tracking. Some of the biggest returns in crypto come from spotting small-cap tokens before they explode. One way to do that is by watching what major influencers and insiders are buying.

Gerhard分析的另一個重要部分是錢包跟踪。加密貨幣中一些最大的回報來自在爆炸之前發現小帽子令牌。做到這一點的一種方法是觀察主要影響者和內部人士購買的東西。

Tokens like KEK and Virtual witnessed significant gains after being acquired early by prominent figures like Brian Jung and the CryptoBanter team. By utilizing blockchain tools, investors can now monitor these wallet movements in real time and gain an edge by investing earlier in promising ventures.

像Kek和Virtual這樣的代幣在被Brian Jung和The Cryptobanter團隊等著名人物收購之後，見證了巨大的收益。通過利用區塊鏈工具，投資者現在可以實時監視這些錢包的動作，並通過早期投資有前途的企業來獲得優勢。