比特幣[BTC]記錄了很大的收益

在過去的兩個星期中，比特幣[BTC]記錄了很大的收益，從當地低點升至8.3萬美元升至當地高點97,000美元。

Bitcoin (BTC) price has recorded significant gains over the past two weeks, surging from a local low of $83k to a local high of $97k.

在過去的兩周中，比特幣（BTC）的價格已取得了顯著收益，從當地低點升至8.3萬美元升至當地高點97,000美元。

Recently, the recent price uptick has left most Bitcoin holders in profit. According to Glassnode data, 88% of the Bitcoin supply was in profit at press time.

最近，最近的價格上漲使大多數比特幣持有者賺錢。根據玻璃節數據，在發稿時，有88％的比特幣供應是利潤。

This implies that both short-term and long-term holders are in profit, especially the cohort that acquired BTC from $94k and below.

這意味著短期和長期持有人都在獲利，尤其是從$ 94K及以下獲得BTC的隊列。

With the cohort in profit, losses are now concentrated among buyers in the $95K to $100K range.

由於利潤的同夥，現在的損失集中在買家中，$ 95,000至$ 10萬美元。

As profit margins rise, Bitcoin has rebounded from its long-term mean of 75%, signaling a shift in investor expectations. As a result, the market is experiencing less capitulation.

隨著利潤率的上升，比特幣的長期平均值為75％，這表明投資者的期望發生了變化。結果，市場經歷的投降量較小。

This rebound reflects improving sentiment, suggesting that demand remains strong enough to absorb profit-taking, which supports the case for a sustained price recovery.

這種反彈反映了改善的情緒，表明需求仍然足夠強大以吸收穫利，這支持了持續價格恢復的案例。

In 2024, Bitcoin staged a strong comeback after retesting this mean at an average price of $60K from November to January.

2024年，比特幣在11月至1月以平均60萬美元的平均價格重新測試了這一平均價格後進行了強烈的複出。

Similarly, the current $76K to $95K range appears to be the bottom, where Bitcoin could potentially see another significant surge, based on past trends.

同樣，目前的$ 76K至$ 95K範圍似乎是底部，根據過去的趨勢，比特幣可能會看到另一個重大的激增。

With investor’s sentiments improving, the current holders are selling less Bitcoin. This was observed by Glassnode, noting that Bitcoin’s MVRV Ratio has pulled back to its long-term mean of 1.74.

隨著投資者的觀點的改善，當前持有人的銷售比特幣較少。玻璃節觀察到了這一點，並指出比特幣的MVRV比率已恢復到其長期平均值1.74。

Previously, this mean has been associated with the consolidation phase. As per the analysis, a pullback signals a cooling of unrealized gains, making it a key support level.

以前，此平均值與整合階段有關。根據分析，回調信號信號是對未實現的收益的冷卻，使其成為關鍵支持水平。

Looking at Bitcoin’s Exchange Netflow, holders are not selling to realize profits despite recently recorded gains. With a realized price of around $93k, most holders are in a position to sell.

看看比特幣的交換網絡，儘管最近記錄了收益，但持有人並沒有賣出來實現利潤。大多數持有人的實現價格約為9.3萬美元，可以出售。

On the contrary, they are buying more. Netflow shows that BTC has recorded four days of negative flows out of seven days. This reinforces the idea that demand is absorbing profit realization.

相反，他們正在購買更多。 NetFlow顯示，BTC記錄了7天的四天負流量。這加強了需求吸收利潤實現的想法。

What’s next for BTC

BTC的下一步是什麼

Bitcoin’s Average True Range (ATR) has fallen to 2.4K, indicating cooling market conditions with minimal upward or downward momentum. BTC continues to trade within a narrow range.

比特幣的平均真實範圍（ATR）降至2.4k，表明冷卻市場條件的上下動量最小。 BTC繼續在狹窄範圍內進行交易。

Historically, low ATR levels have preceded major breakouts. In November 2024, ATR dropped to 2.1K, triggering a Bitcoin rally to $108K.

從歷史上看，ATR水平較低之前已經發生了重大突破。 2024年11月，ATR降至2.1k，將比特幣集會觸發至108K $。

With profit realization slowing and investor sentiment shifting toward a bullish outlook, those in profit are selling less, while others continue to accumulate, creating a balanced market scenario.

隨著利潤實現的減慢，投資者的情緒轉向看漲的前景，利潤的人的銷售量減少了，而其他人則繼續積累，創造了平衡的市場情況。

This dynamic strengthens Bitcoin’s chances of a breakout from the current consolidation.

這種動態性增強了比特幣從當前合併中突破的機會。

If the market cooldown persists, BTC could reclaim $96K and possibly attempt a move toward $98K. However, if consolidation drags on, impatient holders may begin selling, leading to a retracement to $92,900.

如果市場冷卻，BTC可能會收回$ 96K，並可能嘗試朝98,000美元的轉移。但是，如果合併拖延，不耐煩的持有人可能會開始銷售，從而將回收率提高到92,900美元。