隨著短期持有者需求的增加，比特幣 (BTC) 飆升至 98,000 美元以上

繼過去一周價格溫和反彈後，比特幣 (BTC) 已飆升至 98,000 美元以上，市場多頭目標重返 100,000 美元價格區域。

Bitcoin (BTC) price opened the new week on a bullish note, surging past the $98,000 level as market bulls eye a return to the $100,000 price zone. BTC price had a bullish performance in the past week, surging by over 8% from a local bottom around $89,000 on Monday.

比特幣 (BTC) 價格新周開盤看漲，飆升至 98,000 美元以上，市場多頭期待重返 100,000 美元價格區域。 BTC 價格在過去一周表現看漲，從週一 89,000 美元左右的局部底部飆升超過 8%。

Bitcoin price action saw a strong bullish momentum in the first half of the week, rallying past key resistance levels like $92,000 and $95,000. However, BTC price faced some selling pressure at higher levels, leading to a consolidation around the $98,000-$99,000 range.

本週上半週，比特幣價格走勢出現強勁看漲勢頭，突破了 92,000 美元和 95,000 美元等關鍵阻力位。然而，BTC 價格在較高水平面臨一些拋售壓力，導致在 98,000 美元至 99,000 美元區間盤整。

Bitcoin price movements in the second half of the week were largely influenced by the sell-off of LTHs (long-term holders) and the demand from STHs (short-term holders). A recent report by CryptoQuant analyst Darkfost highlighted an interesting trend in the Bitcoin market.

下半週的比特幣價格走勢很大程度上受到LTH（長期持有者）拋售和STH（短期持有者）需求的影響。 CryptoQuant 分析師 Darkfost 最近的一份報告強調了比特幣市場的一個有趣趨勢。

According to Darkfost's analysis, Bitcoin long-term holders, known as LTHs, have been engaging in a selling spree. This selling activity by LTHs has been observed through the asset transfer metric, which tracks the movement of BTC from one address to another.

根據 Darkfost 的分析，比特幣長期持有者（即 LTH）一直在瘋狂拋售。 LTH 的這種出售活動是透過資產轉移指標觀察到的，該指標追蹤 BTC 從一個地址到另一個地址的移動。

As LTHs sell their Bitcoin holdings, the asset is being acquired by short-term holders, evident in their increasing demand. This trend has coincided with the recent price rally, suggesting that STHs are driving the bullish momentum to some extent.

隨著 LTH 出售其持有的比特幣，該資產正在被短期持有者收購，這從他們不斷增長的需求中可見一斑。這一趨勢與最近的價格上漲相吻合，表明 STH 在一定程度上推動了看漲勢頭。

However, the analysis also raises a potential concern in relation to the Bitcoin price correction that occurred in December.

然而，該分析也提出了與 12 月發生的比特幣價格調整相關的潛在擔憂。

According to Darkfost, such an asset transfer, where STHs drive demand while LTHs sell heavily, is typically observed after a local market top or bull cycle peak. This observation might be relevant considering BTC's price record and the recent correction from $108,000.

根據 Darkfost 的說法，這種資產轉移，即 STH 推動需求，而 LTH 大量拋售，通常發生在當地市場頂部或牛市週期高峰之後。考慮到 BTC 的價格記錄以及最近從 108,000 美元開始的回調，這一觀察結果可能是相關的。

Analyzing Bitcoin's next move in relation to short-term holders' activity, which is currently driving market demand, Darkfost pinpointed key price regions based on the STH realized price.

Darkfost 分析了比特幣與短期持有者活動相關的下一步趨勢（目前正在推動市場需求），並根據 STH 實現價格確定了關鍵價格區域。

The STH realized price, also known as the short-term holder acquisition cost, represents the average acquisition price of all BTC held by short-term holders. It often translates into a physiological zone capable of acting as a support or resistance zone.

STH變現價格，也稱為短期持有者收購成本，代表短期持有者持有的所有BTC的平均收購價格。它通常轉化為能夠充當支撐或阻力區域的生理區域。

With Bitcoin still in the uptrend, $85,000 should be regarded as a vital support level that can sustain the bull market in the case of a retest. Based on data on longer STH acquisition periods ranging from 1 week to 6 months, other significant support levels include $81,000 and $60,000.

在比特幣仍處於上升趨勢的情況下，85,000美元應該被視為重要的支撐位，在重新測試的情況下可以維持牛市。根據 1 週到 6 個月的較長 STH 獲取期的數據，其他重要支撐位包括 81,000 美元和 60,000 美元。

However, amidst BTC’s recent recovery, a major resistance awaits at $99,000, which represents the realized price for STH that emerged in 1 week -1 month. This is because as Bitcoin approaches $99,000, these newer entrants are likely to sell in order to recover their initial investments, which may prevent further growth.

然而，在 BTC 最近的復甦中，主要阻力位在 99,000 美元，這代表了 1 週-1 個月內出現的 STH 的實現價格。這是因為，當比特幣接近 99,000 美元時，這些新進入者可能會出售比特幣以收回其初始投資，這可能會阻礙其進一步增長。

In other developments, Darkfost also notes that the short-term holders' spent output profit ratio (SOPR) is currently neutral with a value of 1 after Bitcoin's retracement from $108,000 in December.

在其他進展中，Darkfost 也指出，在比特幣從 12 月的 108,000 美元回撤後，短期持有者的支出產出利潤率 (SOPR) 目前為中性，為 1。

This suggests that short-term holders are not selling in profit and are likely to ease up their selling pressure. With the LTH sell-off also being countered by rising demand from these STHs, market liquidity is likely to reduce, which can potentially prevent a full bullish market recovery.

這表明短期持有者並沒有賣出獲利，並且可能會緩解拋售壓力。由於 LTH 的拋售也受到這些 STH 需求上升的抵消，市場流動性可能會減少，這可能會阻礙牛市的全面復甦。

Therefore, Darkfost predicts BTC to remain in consolidation with the possibility of further price correction.

因此，Darkfost預計BTC將繼續盤整，並有可能進一步調整價格。

At the time of writing, Bitcoin trades at $98,030 following a gain of 1.27% in the past 24 hours. Meanwhile, the asset’s trading volume is down 15.47% and valued at $36.26 billion.

截至撰寫本文時，比特幣交易價格為 98,030 美元，過去 24 小時內上漲 1.27%。同時，該資產的交易量下降了15.47%，價值為362.6億美元。