比特幣（BTC）未實現的損失保持較低，買方活動增加

截至2025年4月15日，比特幣未實現的損失保持低至24％，表明該市場尚未降低。

Key Insights:

關鍵見解：

As of April 15, 2025, Bitcoin’s unrealized losses stayed low at 24%, indicating that the market had not yet capitulated.

截至2025年4月15日，比特幣未實現的損失保持低至24％，這表明市場尚未降低。

Buyer activity increased despite recent volatility, and a confirmed breakout above a key trendline gave traders renewed optimism.

儘管最近波動性，但買方活動仍增加了，並且在關鍵趨勢線之上的確認突破使交易者更加樂觀。

Unrealized Losses Stayed Low Despite Price Pullback

儘管價格下降，但未實現的損失仍然很低

According to CryptoQuant, only 24% of Bitcoin’s circulating supply was held at an unrealized loss. Historically, anything below 25% was seen in early-stage corrections, not in a full market capitulation.

根據隱式量，只有24％的比特幣循環供應持有未實現的損失。從歷史上看，在早期校正中看到了低於25％的任何事物，而不是全面的市場投降。

In previous market bottoms, the percentage of supply in loss rose above 50% and was a sign of major sell-offs and panic. However, according to the latest data, most of the Bitcoin holders were still in profit or close to breakeven. It also showed that many participants had built their positions long ago.

在以前的市場底部，損失供應的百分比上升到50％以上，是重大拋售和恐慌的標誌。但是，根據最新數據，大多數比特幣持有人仍在獲利或接近盈利。這也表明許多參與者很久以前就建立了自己的職位。

This 24% figure was in line with the view that Bitcoin was not in a deep capitulation phase. Higher levels of unrealized losses typically precede major price bottoms and lower levels are seen during periods of consolidation or after temporary corrections.

這個24％的數字與比特幣不在深層投降階段的觀點一致。較高水平的未實現損失通常是在合併期間或臨時校正後觀察到的主要價​​格底部和較低水平。

Buyer Momentum Recovered As Taker Volume Flipped Positive

隨著接管者的量為正面，買方勢頭恢復了

On the other hand, from March 16 to April 10, net taker volume was mostly negative, with several days under -$600 million. This indicated that sellers were more active and coincided with Bitcoin falling to around $79,000.

另一方面，從3月16日至4月10日，淨領取者數量為負數，幾天不到6億美元。這表明賣家更加活躍，並且與比特幣跌至79,000美元左右。

However, on April 11, this trend reversed. Cumulative net taker volume flipped positive for the first time in weeks, going above $0 and then rocketing to over $800 million by April 13. Meanwhile, Bitcoin’s price bounced back from below $80,000 and surpassed $85,000 as buyers return to the table.

但是，在4月11日，這種趨勢扭轉了。累積淨收入者的數量在幾週內首次呈陽性，超過$ 0，然後到4月13日到達8億美元。與此同時，隨著買家返回桌子，比特幣的價格從80,000美元低於80,000美元彈回，超過了85,000美元。

Market participants’ aggressiveness is measured by the net taker volume. If the volume is positive, it usually means buyers are in control and will pay the ask price. This shift gave the price short-term support, and it held its ground even during the brief retracements.

市場參與者的侵略性是通過淨接收者量來衡量的。如果數量為正，則通常意味著買家處於控制之中，並將支付詢問價格。這種轉變給了短期支持，即使在短暫的回答期間，它也保持了自己的立場。

The cumulative volume remained positive by April 15, and Bitcoin kept its level above $85,000. This reversal was consistent, and the sentiment had shifted, with bulls taking more risk in the derivatives market.

到4月15日，累計量仍為陽性，比特幣將其水平保持在85,000美元以上。這種逆轉是一致的，情緒發生了變化，公牛在衍生品市場中承擔了更大的風險。

Binance Order Book Sell Wall Emerged Around $86K

Binance訂單書籍出售牆出現了$ 86K

CoinGlass data revealed a sell wall of over 3,000 BTC stacked between $85,700 and $86,000 on Binance. These large sell orders often form resistance zones, as liquidity pools attract selling activity and can stall bullish momentum.

Coinglass數據顯示，賣出3,000多個BTC的賣牆堆積在$ 85,700至86,000美元之間。這些大型賣出訂單通常會形成阻力區，因為流動性池吸引了銷售活動，並且可能會使看漲勢頭。

Price action slowed as Bitcoin approached this range. The local high of the market was recorded at $85,555 before it pulled back slightly. This implied that sellers were starting to take in buying pressure at those upper levels.

當比特幣接近此範圍時，價格動作放緩。當地的市場上的市場記錄為85,555美元，然後略微退縮。這意味著賣家開始在這些高層購買壓力。

Traders can use sell walls to indicate where they expect price reversals or strong resistance. If that buying pressure is not strong enough to take those orders, the price may consolidate or fall back for a while. But if the orders are filled and demand continues, a breakout above the wall may occur.

交易者可以使用賣牆來指示他們期望的價格逆轉或強烈的阻力。如果購買壓力不足以接受這些訂單，則價格可能會鞏固或倒退一段時間。但是，如果訂單被填滿並且需求仍在繼續，則可能會出現牆壁上方的突破。

Technical Breakout Held Above 2025 Trendline

2025年趨勢線以上的技術突破

Earlier this month, Bitcoin confirmed a breakout above a descending trendline that had rejected upward moves in January, February, and March.

本月早些時候，比特幣確認了一場降臨趨勢線的突破，該趨勢線拒絕了一月，二月和三月的向上移動。

With this level now acting as support, the breakout has shifted the short-term structure to bullish. Holding above the trendline increases the chances of upward continuation, although macro risk factors may still influence direction.

隨著這個水平現在充當支持，突破已經將短期結構轉移到看好。儘管宏風險因素仍可能影響方向，但保持趨勢線的上方增加了向上延續的機會。

In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

在本文中，作者或任何指定的人所說的觀點和觀點僅出於信息目的。而且他們沒有建立投資，財務或任何其他建議。對加密貨幣資產進行交易或投資具有財務損失的風險。