比特幣（BTC）的價格上漲了強勁的恢復，恢復了其最近的大部分下降

經過一周的下降價格行動，比特幣（BTC）在周末進行了強勁的康復，重新確定了其最近的大部分下降。

After a week of downward price action, Bitcoin (BTC) staged a strong recovery over the weekend, reclaiming much of its recent decline. It is now trading just shy of its all-time high (ATH) of $111,814, recorded in May 2025.

經過一周的下降價格行動，比特幣（BTC）在周末進行了強勁的康復，重新確定了其最近的大部分下降。現在，它的交易遠低於其歷史最高（ATH）的$ 111,814，該高價（ATH）於2025年5月記錄。

Bitcoin May Have More Room To Run

比特幣可能有更多的運行空間

According to a recent CryptoQuant Quicktake post by contributor Avocado_onchain, Bitcoin’s current upward momentum – hovering just below its ATH – may still have room to run, potentially leading to a new record “at any moment.”

根據貢獻者鱷梨_onchain的撰稿人速度帖子最近的一篇加密速度帖子，比特幣目前的上升勢頭 - 懸停在其ATH下方 - 可能仍然有跑步的餘地，可能會導致“隨時”獲得新的紀錄。

The analyst noted that the current rally stands apart from previous ones due to its emergence in a “much quieter market environment.” This observation is supported by the ongoing lack of retail investor participation.

分析師指出，目前的集會與以前的集會不同，因為它在“更安靜的市場環境”中出現。這一觀察結果是由於不斷缺乏散戶投資者參與的支持。

For instance, Google Trends data shows that search interest in Bitcoin remains significantly low – around a score of 21 – compared to a peak of 66 in November 2024. For reference, it stood at 100 during the bull market of May 2021.

例如，Google趨勢數據顯示，對比特幣的搜索興趣仍然很低，比2024年11月的66峰值達到21分。

Similarly, a key on-chain metric called the 30-day Binary Coin Days Destroyed (CDD) has been declining even as BTC’s price rises. This suggests that long-term holders (LTHs) are choosing to hold their Bitcoin rather than sell.

同樣，即使BTC的價格上漲，被摧毀的30天二元硬幣日（CDD）的關鍵鍊鍊度量也在下降。這表明長期持有人（LTHS）選擇持有其比特幣而不是出售。

For the uninitiated, Bitcoin Binary CDD measures the sum of coin days – coins held multiplied by days held – spent in a transaction, indicating when LTH move their coins. High CDD suggests significant activity from older coins, often signaling potential market shifts as long-term investors sell.

對於未經啟發的比特幣，二進制CDD測量了在交易中花費的硬幣日的總和 - 乘以數天的硬幣，表明LTH何時移動硬幣。高CDD表明，較舊的硬幣的重大活動，通常會表明由於長期投資者出售而潛在的市場轉變。

Conversely, declining Binary CDD suggests fewer old coins are being spent, implying reduced selling pressure from LTH. This behavior often reflects rising confidence or accumulation, potentially indicating bullish sentiment as circulating supply tightens.

相反，二進制CDD的下降表明，花費的舊硬幣很少，這意味著LTH的銷售壓力降低。這種行為通常反映出信心的上升或積累，可能表明看漲的情緒隨著循環供應而收緊。

Another metric underscoring the subdued retail presence is the Premium Index across exchanges. While the Coinbase Premium is nearing levels last seen in April 2024, the Korea Premium Index remains relatively low – pointing to a lack of retail-driven enthusiasm in the current rally.

另一個指標強調零售零售的是跨交易所的高級指數。儘管Coinbase Premium在2024年4月最後一次接近水平，但韓國高級指數仍然相對較低 - 指出目前的集會中缺乏零售驅動的熱情。

Additionally, the Market Value to Realized Value (MVRV) ratio has been gradually increasing, but without the sharp spikes usually seen during overheated market conditions.

此外，實現價值（MVRV）比率的市場價值逐漸增加，但是沒有在過熱的市場條件下通常看到的尖峰。

BTC May Face Some Hurdles

BTC可能會面臨一些障礙

Despite the absence of market euphoria, some indicators suggest that Bitcoin could encounter headwinds in the weeks ahead. For example, the Bitcoin RCV indicator has recently exited the “buy” zone, raising caution flags.

儘管沒有市場欣喜，但一些指標表明比特幣在未來幾週內可能會遇到逆勢。例如，比特幣RCV指標最近退出了“買入”區域，提高了警告旗。

There are also signs that selling pressure may increase. Notably, miner-to-exchange transfers have recently surged to historic highs, indicating that BTC miners may be opting to liquidate rather than hold their reserves.

也有跡象表明銷售壓力可能會增加。值得注意的是，礦工到交換的轉移最近已飆升至歷史悠久的高點，這表明BTC礦工可能選擇清算而不是持有其儲備。

At press time, BTC trades at $108,614, up 0.9% in the past 24 hours.

發稿時，BTC的交易價格為108,614美元，在過去24小時內增長了0.9％。