比特幣（BTC）再次表現出強度，因為市場數據指向不受投機峰值驅動的穩定反彈

世界上最大的加密貨幣，比特幣BTC $ 96 611 24H波動率：2.1％的市值：$ 1.92 T卷。 24H：$ 29.09 B，再次顯示出力量。

The world's largest cryptocurrency, Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B , is showing strength again as it continues to build a more stable phase in the current bull cycle, new data from CryptoQuant suggests.

世界上最大的加密貨幣，比特幣BTC $ 96 611 24H波動率：2.1％的市值：$ 1.92 T卷。 24H：$ 29.09 b，在當前的牛週期中繼續建立一個更穩定的階段，這再次顯示出強度。

This time, the rebound is not being driven by speculative spikes in funding rates or massive trading volumes on Binance, a pattern that usually leads to price drops as the market overheats and is later marked by a surge in leveraged buying and short-term speculation.

這次，反彈並不是由投機率的投機率或大量交易量驅動的，這種模式通常會隨著市場過熱而導致價格下跌，後來以槓桿購買和短期投機的激增標記。

Bitcoin's Rebound Without Overheating Is A Clear Sign Of A Healthy Bull Market

比特幣的反彈而不過熱是健康牛市的明顯跡象

"This indicates that buying sentiment remains favorable for further upside, suggesting that it’s not yet time to consider an exit." - By @avocado_onchain 🥑

“這表明購買情緒對進一步的上行仍然有利，這表明還不是時候考慮退出了。” - @Avocado_Onchain🥑

As highlighted by CryptoQuant analyst avocado_onchain, despite Bitcoin's price showing signs of recovery, the market buy volume on Binance is decreasing, while funding rates remain stable. This signals that the current price increase is not a hyped event but rather a more fundamental shift in investor behavior.

正如加密分析師Avocado_onchain所強調的那樣，儘管比特幣的價格顯示出恢復的跡象，但賺錢的市場購買量正在減少，而籌資速度仍然穩定。這表明目前的價格上漲不是炒作事件，而是投資者行為的更根本轉變。

"The crypto market may have entered a new phase," the analyst remarked.

這位分析師說：“加密市場可能已經進入了一個新階段。”

According to the analysis, while investor interest has picked up since the last price correction, the market has not yet entered a stage of frantic buying, indicating that the rally could still have legs.

根據分析，儘管自上次價格糾正以來，投資者的興趣已經興起，但市場尚未進入瘋狂購買的階段，這表明集會仍然可能有腿。

It is worth noting that since 2023, on-chain data shows that Bitcoin market buy volume has been increasing slowly but steadily, marked by what the analyst describes as a yellow arrow in trading charts.

值得注意的是，自2023年以來，鍊鍊數據表明，比特幣市場的購買量一直在緩慢而穩定地增加，這是分析師將其描述為交易圖表中的黃色箭頭的標誌。

As Coinspeaker recently noted, Bitcoin is teasing a potential price breakout as it trades at $105,288.89 following a 2% rebound in the past 24 hours.

正如Coinspeaker最近指出的那樣，比特幣在過去24小時內回彈2％後，比特幣的價格突破了105,288.89美元。

Analysts are watching for a “golden cross” pattern to form. This is a bullish signal that occurs when the short-term, say 50-day simple moving average, crosses above the longer-term 200-day simple moving average.

分析師正在觀察形成的“金十字”模式。這是一個看漲的信號，當短期（例如50天簡單的移動平均線）交叉高於長期200天簡單移動平均線時，就會發生這種看漲信號。

The takeaway from CryptoQuant's latest findings is that Bitcoin may be on a solid path upward, without the kind of overheating that has triggered major setbacks in the past.

CryptoQuant的最新發現的收穫是，比特幣可能處於紮實的道路上，而沒有那種過熱，而過熱過去卻引發了重大挫折。

Again, while no one can pinpoint the exact timing of a new all-time high, the current signals suggest there is still room for growth. This outlook encourages caution rather than euphoria, which could serve the long-term sustainability of this rally.

同樣，雖然沒有人能確定新的歷史最高時機的確切時機，但目前的信號表明仍然有生長的餘地。這種前景鼓勵謹慎而不是欣快，這可以為這次集會的長期可持續性服務。

Whales Silently Accumulate As Bitcoin Price Remains Above $100K

鯨魚默默地積累，因為比特幣價格保持在$ 10萬美元以上

Several major Bitcoin holders, known as whales, are making large withdrawals from centralized exchanges, according to Lookonchain's data. This signals strong confidence in the asset's future price movement.

根據LookonChain的數據，幾個主要的比特幣持有人，稱為鯨魚，正在從集中式交流中進行大規模撤離。這表明對資產的未來價格變動有強烈的信心。

Many whales are accumulating $BTC!

許多鯨魚正在積累$ BTC！

bc1qcp withdrew another 1,350 $BTC($141.91M) from #Binance 8 hours ago and currently holds 20,723 $BTC($2.19B).

BC1QCP從8小時前撤回了另外1,350美元的BTC（1.4191億美元），目前持有20,723美元的BTC（2.19B美元）。

bc1qpu (linked to Abraxas Capital) withdrew 675 $BTC($71.03M) from #Kraken 7 hours ago and currently holds 1,797 $BTC($190.11M).

BC1QPU（鏈接到Abraxas Capital）從#Kraken 7小時前撤回了675美元的BTC（7130萬美元），目前持有1,797美元的BTC（$ 190.111萬美元）。

A… pic.twitter.com/Jccvs4xhvK

A…pic.twitter.com/jccvs4xhvk

— Lookonchain (@lookonchain) May 20, 2025

- lookonchain（@lookonchain）2025年5月20日

In the past 24 hours, notable activity has been recorded from wallets making sizable exits from Binance and Kraken. Per the update, wallet bc1qcp withdrew 1,350 BTC (worth over $141 million) from Binance, bringing its total holdings to 20,723 BTC, or roughly $2.19 billion.

在過去的24小時內，從錢包中記錄了著名的活動，從而使Binance和Kraken相當大。根據更新，Wallet BC1QCP從Binance撤回了1,350 BTC（價值超過1.41億美元），其總持股量達到20,723 BTC，約為219億美元。

Around the same time, wallet bc1qpu, likely connected to Abraxas Capital, removed 675 BTC from Kraken and now holds 1,797 BTC, valued at approximately $190 million.

大約在同一時間，可能與Abraxas Capital相連的Wallet BC1QPU從Kraken刪除了675 BTC，現在持有1,797 BTC，價值約1.9億美元。

Another newly created wallet, bc1q5k, also withdrew 500 BTC from Binance, equal to $51.5 million. This cluster of high-value movements implies ongoing accumulation by institutional players. It also shows long-term holders who prefer to store Bitcoin offline, away from the influence of short-term trading.

另一個新創建的錢包BC1Q5K也從Binance撤回了500 BTC，等於5150萬美元。這一群高價值運動意味著機構參與者的持續積累。它還顯示了長期持有人更喜歡脫機比特幣，這會遠離短期交易的影響。

It is worth noting that such movements often signal a bullish outlook. This is because investors typically transfer funds off exchanges when they plan to hold rather than sell.

值得注意的是，這樣的動作通常標誌著看漲的前景。這是因為投資者計劃持有而不是出售時，通常會轉移資金。

Michael Saylor's Strategy has acquired $764 million worth of Bitcoin in line with the current positive outlook. This brought its total holdings to 576,230 BTC amid growing BTC yield. Japanese investment firm Metaplanet also executed its second-largest single Bitcoin purchase to date. The firm purchased

邁克爾·塞勒（Michael Saylor）的策略已根據目前的積極前景收購了價值7.64億美元的比特幣。由於BTC收益率的增長，這使其總持有量達到576,230 BTC。迄今為止，日本投資公司Metaplanet還執行了其第二大單幣購買。公司購買了